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Archive
- 5/10/2013
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Sherwin-Williams |
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 0.02 points, or 0.01%, and closed at 188.00 on Friday, May 10, 2013. Weekly volume was -44% 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 190.14 on May 9, 2013. SHW gained -147.95 points, or -350.68%, in 217 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (140.05) 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 190.14 on May 9, 2013. SHW gained -133.90 points, or -238.09%, in 184 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (140.36) 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 weekly MACD line is above its signal line since April 19, 2013. 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 April 3, 2013 at 162.22 and reached 190.14 on May 9, 2013. SHW gained -27.92 points, or -17.21%, in 36 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (188.78) 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 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily 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 daily Relative Strength Index and MACD bearish divergence. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since April 11, 2013. 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.
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