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- 1/23/2015
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Sherwin-Williams
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
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It was a first positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 0.19 points, or 0.07%, and closed at 274.01 on Friday, January 23, 2015. Weekly volume was -7% 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 277.29 on January 22, 2015. SHW gained -235.10 points, or -557.24%, in 306 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (220.31) 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 277.29 on January 22, 2015. SHW gained -221.05 points, or -393.05%, in 273 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (210.68) 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index 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, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 277.29 on January 22, 2015. SHW gained -57.16 points, or -25.97%, in 85 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 271.34 and resistance is at 280.72. 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 short-term trend.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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 below its signal line since January 13, 2015. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.97
Williams' Percentage Range (W%R) 1.20
Strong Overbought
Lane's Stochastic (%D-Slow) 81.55
Overbought Bearish
Greed/Fear Indicator (GFI) 82.44
Overbought
Moving Average Converg./Diverg. (MACD) 5.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 95.22
Strong Overbought
Williams' Percentage Range (W%R) 0.30
Strong Overbought
Lane's Stochastic (%D-Slow) 93.93
Strong Overbought
Greed/Fear Indicator (GFI) 87.90
Overbought
Moving Average Converg./Diverg. (MACD) 12.28
Trading Signals
Description Value Chart
Weekly Trendline Resistance 280.72
Upper Bollinger Band 277.27
Daily Stochastic Crossing 274.88
Weekly Stochastic Crossing 274.60
Price 274.01
Weekly Trendline Support 271.34
20 Day Moving Average 268.51
Parabolic System 267.90
Monthly Trendline Resistance 264.84
Lower Bollinger Band 257.84
50 Day Moving Average 255.22
Quarterly Trendline Resistance 241.23
Yearly Trendline Resistance 239.43
Monthly Trendline Support 222.26
Yearly Trendline Support 220.31
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry General Building Matrials 140
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 220.13
Low Date 10/29/2014
High 277.29
High Date 01/22/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 280.72
Support 271.34
Low 220.13
Low Date 10/29/2014
High 277.29
High Date 01/22/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 264.84
Support 222.26
Low 188.25
Low Date 04/15/2014
High 277.29
High Date 01/22/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 241.23
Support 210.68
Low 56.24
Low Date 10/28/2009
High 277.29
High Date 01/22/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 239.43
Support 220.31
Low 42.19
Low Date 03/06/2009
High 277.29
High Date 01/22/2015
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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