The Greedy Trader Weekly Analysis
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Archive
- 5/20/2016
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Sherwin-Williams
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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the first negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -3.56 points, or -1.21%, and closed at 289.61 on Friday, May 20, 2016. Weekly volume was -42% below average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the 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 downtrend had started on April 21, 2016 at 309.00 and reached 282.73 on May 2, 2016. SHW lost 26.27 points, or 8.50%, in 1 weeks. The price is now at the 26.19% retracement level.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on May 2, 2016 at 282.73 and reached 298.19 on May 17, 2016. SHW gained -15.46 points, or -5.47%, in 2 weeks. The price is now at the 55.50% retracement level.

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

The weekly MACD line is above its signal line since February 19, 2016. This is an indication that the medium-term trend is up. 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 May 17, 2016 at 298.19 and reached 287.47 on May 19, 2016. SHW lost 10.72 points, or 3.60%, in 2 days. The price is now at the 19.96% retracement level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 20, 2016. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 50.17
Williams' Percentage Range (W%R) 59.90
Lane's Stochastic (%D-Slow) 41.01
Greed/Fear Indicator (GFI) 43.75
Moving Average Converg./Diverg. (MACD) 0.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.17
Williams' Percentage Range (W%R) 25.70
Lane's Stochastic (%D-Slow) 65.72
Greed/Fear Indicator (GFI) 65.81
Moving Average Converg./Diverg. (MACD) 6.92
Trading Signals
Description Value Chart
Upper Bollinger Band 300.16
Parabolic System 298.27
Weekly Stochastic Crossing 297.89
20 Day Moving Average 292.63
50 Day Moving Average 290.79
Daily Stochastic Crossing 290.36
Price 289.61
Lower Bollinger Band 284.37
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry General Building Matrials 147
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 287.47
Low Date 05/19/2016
High 291.75
High Date 05/20/2016
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 298.19
High Date 05/17/2016
Low 287.47
Low Date 05/19/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 282.73
Low Date 05/02/2016
High 298.19
High Date 05/17/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.00
High Date 04/21/2016
Low 282.73
Low Date 05/02/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 309.00
High Date 04/21/2016
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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