The Greedy Trader Weekly Analysis
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Archive
- 7/14/2017
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe period of low volatility of the stock price
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It was a second consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 4.44 points, or 1.26%, and closed at 356.47 on Friday, July 14, 2017. Weekly volume was -35% below 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 362.57 on June 28, 2017. SHW gained -320.38 points, or -759.37%, in 433 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 362.57 on June 28, 2017. SHW gained -123.09 points, or -51.40%, in 34 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 350.59 and resistance is at 367.30. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 December 16, 2016. 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 July 6, 2017 at 346.88 and reached 357.80 on July 13, 2017. SHW gained -10.92 points, or -3.15%, in 7 days. The price is now at the 12.18% 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 above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since June 28, 2017. The distance between MACD and the signal line is low and getting smaller.

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

The distance between the Bollinger Bands is falling, and it was 3.44% on Friday. It is 56.99% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.94
Williams' Percentage Range (W%R) 45.90
Lane's Stochastic (%D-Slow) 59.22
Greed/Fear Indicator (GFI) 54.07
Moving Average Converg./Diverg. (MACD) 3.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.60
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 84.25
Overbought
Greed/Fear Indicator (GFI) 78.80
Moving Average Converg./Diverg. (MACD) 14.72
Trading Signals
Description Value Chart
Monthly Trendline Resistance 367.30
Upper Bollinger Band 358.70
Price 356.47
Weekly Stochastic Crossing 356.12
20 Day Moving Average 354.67
Daily Stochastic Crossing 354.08
Monthly Trendline Support 350.59
Parabolic System 347.42
Lower Bollinger Band 346.41
50 Day Moving Average 345.19
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry General Building Matrials 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 346.88
Low Date 07/06/2017
High 357.80
High Date 07/13/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 362.57
High Date 06/28/2017
Low 346.88
Low Date 07/06/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 367.30
Support 350.59
Low 239.48
Low Date 11/01/2016
High 362.57
High Date 06/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.19
Low Date 03/06/2009
High 362.57
High Date 06/28/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 362.57
High Date 06/28/2017
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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