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Archive
- 2/10/2017
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 258.47
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought area
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It was a first positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 2.47 points, or 0.81%, and closed at 306.47 on Friday, February 10, 2017. Weekly volume was -42% below average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SHW long-term trend chart]
A long-term downtrend had started on July 20, 2016 at 312.48 and reached 239.48 on November 1, 2016. SHW lost 73.00 points, or 23.36%, in 14 weeks. The chart has formed a Rising Pennant chart pattern. The price is near the trend resistance line (258.47). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on November 1, 2016 at 239.48 and reached 310.00 on January 27, 2017. SHW gained -70.52 points, or -29.45%, in 12 weeks. The price is now at the 5.01% retracement level.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 16, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 December 2, 2016 at 261.65 and reached 310.00 on January 27, 2017. SHW gained -48.35 points, or -18.48%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

The daily MACD line is above its signal line since January 25, 2017. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.78
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 65.63
Greed/Fear Indicator (GFI) 77.38
Moving Average Converg./Diverg. (MACD) 7.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.23
Overbought
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 90.24
Strong Overbought
Greed/Fear Indicator (GFI) 83.61
Overbought
Moving Average Converg./Diverg. (MACD) -1.12
Trading Signals
Description Value Chart
Upper Bollinger Band 317.16
Monthly Trendline Support 309.01
Price 306.47
Daily Stochastic Crossing 305.46
Weekly Stochastic Crossing 304.86
20 Day Moving Average 296.33
Parabolic System 294.42
50 Day Moving Average 281.60
Lower Bollinger Band 276.16
Monthly Trendline Resistance 258.47
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry General Building Matrials 95
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 261.65
Low Date 12/02/2016
High 310.00
High Date 01/27/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 239.48
Low Date 11/01/2016
High 310.00
High Date 01/27/2017
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Test Resistance
Resistance 258.47
Support 309.01
High 312.48
High Date 07/20/2016
Low 239.48
Low Date 11/01/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.19
Low Date 03/06/2009
High 312.48
High Date 07/20/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 312.48
High Date 07/20/2016
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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