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Archive
- 6/8/2018
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Sherwin-Williams
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Summary:
Weekly :Broken trend support line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageTrend resistance at 399.25The price touches 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 12.05 points, or 3.12%, and closed at 398.05 on Friday, June 08, 2018. It was the best weekly gain since March 9, 2018. Weekly volume was -20% 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 435.15 on January 16, 2018. SHW gained -392.96 points, or -931.41%, in 462 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 284.62 and resistance is at 414.52. 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 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 435.15 on January 16, 2018. SHW gained -195.67 points, or -81.71%, in 63 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (432.39) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2018. Use the following link to access a MACD help.

Short-term trend: [See SHW short-term trend chart]
A short-term downtrend had started on January 16, 2018 at 435.15 and reached 362.36 on May 1, 2018. SHW lost 72.79 points, or 16.73%, in 105 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (399.25). 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 short-term trend.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly 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. 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 4, 2018.

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 touches the upper Bollinger Band. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.81
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 86.33
Overbought
Greed/Fear Indicator (GFI) 78.21
Moving Average Converg./Diverg. (MACD) 1.29 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.92
Williams' Percentage Range (W%R) 53.00
Lane's Stochastic (%D-Slow) 48.28
Greed/Fear Indicator (GFI) 47.74
Moving Average Converg./Diverg. (MACD) 2.18
Trading Signals
Description Value Chart
Monthly Trendline Resistance 469.23
Monthly Trendline Support 432.39
Quarterly Trendline Resistance 414.52
Weekly Trendline Resistance 399.25
Upper Bollinger Band 399.12
Price 398.05
Daily Stochastic Crossing 396.62
20 Day Moving Average 386.43
50 Day Moving Average 384.85
Weekly Stochastic Crossing 384.76
Parabolic System 380.13
Lower Bollinger Band 375.85
Weekly Trendline Support 351.85
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry General Building Matrials 116
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 362.36
Low Date 05/01/2018
High 398.25
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 399.25
Support 351.85
High 435.15
High Date 01/16/2018
Low 362.36
Low Date 05/01/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 469.23
Support 432.39
Low 239.48
Low Date 11/01/2016
High 435.15
High Date 01/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 414.52
Support 284.62
Low 42.19
Low Date 03/06/2009
High 435.15
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 435.15
High Date 01/16/2018
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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