The Greedy Trader Weekly Analysis
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Archive
- 6/19/2015
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Sherwin-Williams
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBroken trend resistance lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a second consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 1.08 points, or 0.38%, and closed at 281.99 on Friday, June 19, 2015. Weekly volume was 20% 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 uptrend resistance line (232.81) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 294.35 on May 19, 2015. SHW gained -238.11 points, or -423.38%, in 289 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (223.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 27, 2015. The distance between MACD and the signal line is relatively high and getting bigger. 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 May 19, 2015 at 294.35 and reached 276.89 on June 9, 2015. SHW lost 17.46 points, or 5.93%, in 21 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (270.68) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 29, 2015. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.09
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 46.31
Greed/Fear Indicator (GFI) 43.15
Moving Average Converg./Diverg. (MACD) -1.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.12
Williams' Percentage Range (W%R) 38.10
Lane's Stochastic (%D-Slow) 53.99
Greed/Fear Indicator (GFI) 55.39
Moving Average Converg./Diverg. (MACD) 11.81
Trading Signals
Description Value Chart
Upper Bollinger Band 290.56
50 Day Moving Average 284.37
Weekly Stochastic Crossing 283.58
20 Day Moving Average 283.58
Price 281.99
Daily Stochastic Crossing 281.39
Weekly Trendline Resistance 278.09
Parabolic System 276.94
Lower Bollinger Band 275.23
Weekly Trendline Support 270.68
Quarterly Trendline Resistance 267.05
Yearly Trendline Resistance 265.19
Yearly Trendline Support 232.81
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry General Building Matrials 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 276.89
Low Date 06/09/2015
High 284.82
High Date 06/11/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 278.09
Support 270.68
High 294.35
High Date 05/19/2015
Low 276.89
Low Date 06/09/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 294.35
High Date 05/19/2015
Low 276.89
Low Date 06/09/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 267.05
Support 223.89
Low 56.24
Low Date 10/28/2009
High 294.35
High Date 05/19/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 265.19
Support 232.81
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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