The Greedy Trader Weekly Analysis
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Archive
- 5/12/2017
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the first negative week after 3 consecutive positive weeks for the Sherwin-Williams (SHW). During the week, the SHW dropped -4.19 points, or -1.24%, and closed at 334.05 on Friday, May 12, 2017. Weekly volume was -55% 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 uptrend had started on March 6, 2009 at 42.19 and reached 339.62 on May 9, 2017. SHW gained -297.43 points, or -704.98%, in 426 weeks. Price is near the trend high.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on November 1, 2016 at 239.48 and reached 339.62 on May 9, 2017. SHW gained -100.14 points, or -41.82%, in 27 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 328.40 and resistance is at 351.13. 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 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 weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 16, 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 uptrend had started on May 11, 2017 at 332.20 and reached 335.78 on May 12, 2017. SHW gained -3.58 points, or -1.08%, in 1 days. The price is now at the 48.32% retracement level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.03
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 60.81
Greed/Fear Indicator (GFI) 69.13
Moving Average Converg./Diverg. (MACD) 6.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.25
Bearish
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 81.73
Overbought Bearish
Greed/Fear Indicator (GFI) 78.85
Moving Average Converg./Diverg. (MACD) 9.89 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 351.13
Upper Bollinger Band 348.00
Parabolic System 339.80
Daily Stochastic Crossing 336.26
Weekly Stochastic Crossing 334.94
Price 334.05
20 Day Moving Average 330.15
Monthly Trendline Support 328.40
50 Day Moving Average 318.55
Lower Bollinger Band 312.15
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry General Building Matrials 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 332.20
Low Date 05/11/2017
High 335.78
High Date 05/12/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 305.70
Low Date 03/22/2017
High 339.62
High Date 05/09/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 351.13
Support 328.40
Low 239.48
Low Date 11/01/2016
High 339.62
High Date 05/09/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.19
Low Date 03/06/2009
High 339.62
High Date 05/09/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 339.62
High Date 05/09/2017
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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