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Archive
- 2/9/2018
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineTrend resistance at 399.58Broken trend support line
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineLane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the priceBullish Harami CandlestickThe period of high volatility of the stock price
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It was the negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -4.27 points, or -1.06%, and closed at 398.86 on Friday, February 09, 2018. Weekly volume was 71% above 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 435.15 on January 16, 2018. SHW gained -392.96 points, or -931.41%, in 462 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (399.58). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 326.68 and reached 435.15 on January 16, 2018. SHW gained -108.47 points, or -33.20%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (423.39) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. SHW may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 January 16, 2018 at 435.15 and reached 381.49 on February 9, 2018. SHW lost 53.66 points, or 12.33%, in 24 days. The price is now at the 32.37% retracement level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since January 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

A Parabolic SAR (stop and reversal) indicator (400.63) comes close to the price (398.86). It indicates that the trend is getting weaker. 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 108.45% higher then one year average. It indicates the period of high 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.

Candlestick pattern: [See SHW candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.26
Williams' Percentage Range (W%R) 81.60
Oversold
Lane's Stochastic (%D-Slow) 28.24
Bullish
Greed/Fear Indicator (GFI) 26.31
Moving Average Converg./Diverg. (MACD) -1.45 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.82
Williams' Percentage Range (W%R) 45.90
Lane's Stochastic (%D-Slow) 68.91
Greed/Fear Indicator (GFI) 58.32
Moving Average Converg./Diverg. (MACD) 19.43
Trading Signals
Description Value Chart
Weekly Trendline Resistance 462.79
Upper Bollinger Band 437.86
Weekly Trendline Support 423.39
20 Day Moving Average 417.10
Weekly Stochastic Crossing 415.16
50 Day Moving Average 412.89
Parabolic System 400.63
Quarterly Trendline Resistance 399.58
Price 398.86
Daily Stochastic Crossing 395.91
Lower Bollinger Band 384.07
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry General Building Matrials 100
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 435.15
High Date 01/16/2018
Low 381.49
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 462.79
Support 423.39
Low 326.68
Low Date 08/21/2017
High 435.15
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 239.48
Low Date 11/01/2016
High 435.15
High Date 01/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 399.58
Support 276.11
Low 42.19
Low Date 03/06/2009
High 435.15
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 435.15
High Date 01/16/2018
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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