The Greedy Trader Weekly Analysis
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Archive
- 11/18/2016
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Sherwin-Williams
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Summary:
Weekly :Overbought sector
Daily :Stochastic signal line moved below overbought area
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It was the first negative week for the Sherwin-Williams (SHW). During the week, the SHW gave back -1.47 points, or -0.56%, and closed at 260.29 on Friday, November 18, 2016. Weekly volume was 18% above 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 uptrend had started on March 6, 2009 at 42.19 and reached 312.48 on July 20, 2016. SHW gained -270.29 points, or -640.65%, in 384 weeks. The price is now at the 19.31% retracement level.

Medium-term trend: [See SHW medium-term trend chart]
A medium-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 Falling Channel chart pattern. The trend support level is at 242.88 and resistance is at 267.46. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 July 22, 2016. This is an indication that the medium-term trend is down. 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 November 1, 2016 at 239.48 and reached 269.08 on November 10, 2016. SHW gained -29.60 points, or -12.36%, in 9 days. The price is now at the 29.70% retracement level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 daily MACD line is above its signal line since November 8, 2016. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.28
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 74.58
Greed/Fear Indicator (GFI) 66.85
Moving Average Converg./Diverg. (MACD) -3.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.96
Williams' Percentage Range (W%R) 68.20
Lane's Stochastic (%D-Slow) 29.02
Greed/Fear Indicator (GFI) 34.41
Moving Average Converg./Diverg. (MACD) -3.42
Trading Signals
Description Value Chart
Upper Bollinger Band 279.64
Monthly Trendline Resistance 267.46
50 Day Moving Average 266.34
Daily Stochastic Crossing 263.46
Price 260.29
20 Day Moving Average 253.89
Weekly Stochastic Crossing 251.66
Parabolic System 248.90
Monthly Trendline Support 242.88
Lower Bollinger Band 238.82
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry General Building Matrials 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 269.08
High Date 11/10/2016
Low 260.00
Low Date 11/18/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 239.48
Low Date 11/01/2016
High 269.08
High Date 11/10/2016
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 267.46
Support 242.88
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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