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Archive
- 4/11/2014
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Sherwin-Williams
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Summary:
Weekly :Lane's Stochastic and MACD bearish divergenceOversold sector
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldTrend support at 186.91
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It was the fifth negative week after 4 consecutive positive weeks for the Sherwin-Williams (SHW). During the week, the SHW dropped -5.36 points, or -2.76%, and closed at 188.53 on Friday, April 11, 2014. Weekly volume was -11% below 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 208.63 on March 7, 2014. SHW gained -166.44 points, or -394.50%, in 261 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 161.66 and resistance is at 193.28. 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 October 28, 2009 at 56.24 and reached 208.63 on March 7, 2014. SHW gained -152.39 points, or -270.96%, in 227 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 180.16 and resistance is at 196.25. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 14, 2014. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 17, 2013 at 170.63 and reached 208.63 on March 7, 2014. SHW gained -38.00 points, or -22.27%, in 80 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (186.91) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

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

The daily MACD line is below its signal line since March 13, 2014.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.94
Williams' Percentage Range (W%R) 97.60
Strong Oversold
Lane's Stochastic (%D-Slow) 12.64
Oversold
Greed/Fear Indicator (GFI) 16.32
Oversold
Moving Average Converg./Diverg. (MACD) -0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.39
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 69.92
Bearish
Greed/Fear Indicator (GFI) 55.10
Moving Average Converg./Diverg. (MACD) 4.55 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 219.03
Monthly Trendline Resistance 208.70
Upper Bollinger Band 204.89
Weekly Stochastic Crossing 201.67
Parabolic System 197.58
20 Day Moving Average 197.05
Quarterly Trendline Resistance 196.25
50 Day Moving Average 194.95
Yearly Trendline Resistance 193.28
Daily Stochastic Crossing 190.49
Price 188.53
Weekly Trendline Support 186.91
Monthly Trendline Support 186.84
Lower Bollinger Band 186.37
Quarterly Trendline Support 180.16
Yearly Trendline Support 161.66
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry General Building Matrials 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 208.63
High Date 03/07/2014
Low 188.25
Low Date 04/11/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 219.03
Support 186.91
Low 170.63
Low Date 12/17/2013
High 208.63
High Date 03/07/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 208.70
Support 186.84
Low 163.63
Low Date 07/18/2013
High 208.63
High Date 03/07/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 196.25
Support 180.16
Low 56.24
Low Date 10/28/2009
High 208.63
High Date 03/07/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 193.28
Support 161.66
Low 42.19
Low Date 03/06/2009
High 208.63
High Date 03/07/2014
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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