The Greedy Trader Weekly Analysis
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Archive
- 1/29/2016
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Sherwin-Williams
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Summary:
Weekly :
Daily :The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a third consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 5.66 points, or 2.26%, and closed at 255.67 on Friday, January 29, 2016. Weekly volume was 62% above 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 294.35 on May 19, 2015. SHW gained -252.16 points, or -597.68%, in 323 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 251.70 and resistance is at 289.89. 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 long-term trend.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term downtrend had started on May 19, 2015 at 294.35 and reached 218.27 on September 29, 2015. SHW lost 76.08 points, or 25.85%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 186.88 and resistance is at 277.89. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 8, 2016. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 September 29, 2015 at 218.27 and reached 282.00 on December 1, 2015. SHW gained -63.73 points, or -29.20%, in 63 days. The chart has formed a Rising Channel chart pattern. 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 technical indicators are neutral.

The daily MACD line is above its signal line since January 21, 2016. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 64.15
Williams' Percentage Range (W%R) 45.70
Lane's Stochastic (%D-Slow) 71.33
Greed/Fear Indicator (GFI) 63.26
Moving Average Converg./Diverg. (MACD) -3.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.62
Williams' Percentage Range (W%R) 49.50
Lane's Stochastic (%D-Slow) 27.15
Greed/Fear Indicator (GFI) 41.16
Moving Average Converg./Diverg. (MACD) -2.27
Trading Signals
Description Value Chart
Yearly Trendline Resistance 289.89
Quarterly Trendline Resistance 277.89
Upper Bollinger Band 261.76
50 Day Moving Average 260.16
Price 255.67
Daily Stochastic Crossing 253.94
Yearly Trendline Support 251.70
20 Day Moving Average 247.43
Parabolic System 243.21
Weekly Stochastic Crossing 243.10
Lower Bollinger Band 239.06
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry General Building Matrials 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 234.96
Low Date 01/20/2016
High 259.56
High Date 01/29/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status
Resistance
Support
Low 218.27
Low Date 09/29/2015
High 282.00
High Date 12/01/2015
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.27
Low Date 09/29/2015
High 282.00
High Date 12/01/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 277.89
Support 186.88
High 294.35
High Date 05/19/2015
Low 218.27
Low Date 09/29/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 289.89
Support 251.70
Low 42.19
Low Date 03/06/2009
High 294.35
High Date 05/19/2015
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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