The Greedy Trader Weekly Analysis
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Archive
- 7/18/2014
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Sherwin-Williams
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaRelative Strength Index and MACD bearish divergenceOversold sectorWeekly  MACD line has moved above its signal line
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 9.42 points, or 4.65%, and closed at 212.18 on Friday, July 18, 2014. Weekly volume was 34% above average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the second most oversold 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 uptrend had started on March 6, 2009 at 42.19 and reached 212.38 on July 18, 2014. SHW gained -170.19 points, or -403.39%, in 280 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (167.90) 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 212.38 on July 18, 2014. SHW gained -156.14 points, or -277.63%, in 246 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (190.55) 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 Relative Strength Index is overbought while Williams' Percentage Range is 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 212.38 on July 18, 2014. SHW gained -16.77 points, or -8.57%, in 81 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (204.85) 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 short-term trend.

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. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.63
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 47.41
Greed/Fear Indicator (GFI) 64.22
Moving Average Converg./Diverg. (MACD) 0.57 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.38
Overbought Bearish
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 79.60
Greed/Fear Indicator (GFI) 77.04
Moving Average Converg./Diverg. (MACD) 4.51 Bearish
Trading Signals
Description Value Chart
Price 212.18
Weekly Trendline Resistance 211.37
Upper Bollinger Band 210.64
Weekly Stochastic Crossing 209.70
Daily Stochastic Crossing 207.23
Quarterly Trendline Resistance 206.24
20 Day Moving Average 205.47
Weekly Trendline Support 204.85
50 Day Moving Average 203.39
Yearly Trendline Resistance 202.61
Parabolic System 201.71
Lower Bollinger Band 199.85
Quarterly Trendline Support 190.55
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry General Building Matrials 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 201.47
Low Date 07/11/2014
High 212.38
High Date 07/18/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 211.37
Support 204.85
Low 195.61
Low Date 04/28/2014
High 212.38
High Date 07/18/2014
Description Value
Direction Up
Chart Pattern Rising Wedge
Status
Resistance
Support
Low 188.25
Low Date 04/15/2014
High 212.38
High Date 07/18/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 206.24
Support 190.55
Low 56.24
Low Date 10/28/2009
High 212.38
High Date 07/18/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 202.61
Support 167.90
Low 42.19
Low Date 03/06/2009
High 212.38
High Date 07/18/2014
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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