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- 11/14/2014
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Sherwin-Williams
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineMACD bearish divergence
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It was a fifth consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 3.61 points, or 1.53%, and closed at 239.65 on Friday, November 14, 2014. Weekly volume was -18% 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 240.48 on November 14, 2014. SHW gained -198.29 points, or -469.99%, in 297 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (214.67) 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 240.48 on November 14, 2014. SHW gained -184.24 points, or -327.60%, in 263 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (204.73) 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 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. 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 October 24, 2014. 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 October 29, 2014 at 220.13 and reached 240.48 on November 14, 2014. SHW gained -20.35 points, or -9.24%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since October 17, 2014. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.85
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 96.01
Strong Overbought
Greed/Fear Indicator (GFI) 89.57
Overbought
Moving Average Converg./Diverg. (MACD) 4.58 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.83
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 81.07
Overbought
Greed/Fear Indicator (GFI) 79.09
Moving Average Converg./Diverg. (MACD) 5.99
Trading Signals
Description Value Chart
Upper Bollinger Band 242.02
Daily Stochastic Crossing 239.93
Price 239.65
Weekly Stochastic Crossing 237.59
Parabolic System 236.13
Monthly Trendline Resistance 233.78
20 Day Moving Average 230.13
Quarterly Trendline Resistance 222.66
50 Day Moving Average 221.56
Yearly Trendline Resistance 220.09
Lower Bollinger Band 218.39
Monthly Trendline Support 214.87
Yearly Trendline Support 214.67
Quarterly Trendline Support 204.73
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry General Building Matrials 139
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 220.13
Low Date 10/29/2014
High 240.48
High Date 11/14/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 220.13
Low Date 10/29/2014
High 240.48
High Date 11/14/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 233.78
Support 214.87
Low 188.25
Low Date 04/15/2014
High 240.48
High Date 11/14/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 222.66
Support 204.73
Low 56.24
Low Date 10/28/2009
High 240.48
High Date 11/14/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 220.09
Support 214.67
Low 42.19
Low Date 03/06/2009
High 240.48
High Date 11/14/2014
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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