The Greedy Trader Weekly Analysis
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Archive
- 9/5/2014
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Sherwin-Williams
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Relative Strength Index and Williams' Percentage Range are overboughtStochastic signal line moved below overbought areaMACD bearish divergenceThe price has fallen below the Parabolic SAR
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It was a fifth consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 0.18 points, or 0.08%, and closed at 218.29 on Friday, September 05, 2014. Weekly volume was -45% below average.

Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 42.19 and reached 219.21 on August 28, 2014. SHW gained -177.02 points, or -419.58%, in 285 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (171.07) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on October 28, 2009 at 56.24 and reached 219.21 on August 28, 2014. SHW gained -162.97 points, or -289.78%, in 252 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (194.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 11, 2014. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See SHW short-term trend chart]
A short-term uptrend had started on April 28, 2014 at 195.61 and reached 219.21 on August 28, 2014. SHW gained -23.60 points, or -12.06%, in 122 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 208.63 and resistance is at 220.37. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since August 12, 2014. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.43
Overbought
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 63.62
Greed/Fear Indicator (GFI) 76.45
Moving Average Converg./Diverg. (MACD) 2.38 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.96
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 75.06
Greed/Fear Indicator (GFI) 75.98
Moving Average Converg./Diverg. (MACD) 5.10 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 221.49
Weekly Trendline Resistance 220.37
Parabolic System 219.25
Price 218.29
Daily Stochastic Crossing 217.90
Weekly Stochastic Crossing 216.58
20 Day Moving Average 215.11
Quarterly Trendline Resistance 212.52
50 Day Moving Average 210.62
Yearly Trendline Resistance 209.45
Lower Bollinger Band 208.88
Weekly Trendline Support 208.63
Quarterly Trendline Support 194.82
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry General Building Matrials 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 219.21
High Date 08/28/2014
Low 216.34
Low Date 09/05/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 220.37
Support 208.63
Low 195.61
Low Date 04/28/2014
High 219.21
High Date 08/28/2014
Description Value
Direction Up
Chart Pattern Rising Wedge
Status
Resistance
Support
Low 188.25
Low Date 04/15/2014
High 219.21
High Date 08/28/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 212.52
Support 194.82
Low 56.24
Low Date 10/28/2009
High 219.21
High Date 08/28/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 209.45
Support 171.07
Low 42.19
Low Date 03/06/2009
High 219.21
High Date 08/28/2014
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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