The Greedy Trader Weekly Analysis
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Archive
- 12/5/2014
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Sherwin-Williams
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergenceThe price is above the upper Bollinger BandPrice is near the Fibonacci 61.8% retracement level
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It was a eighth consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 2.01 points, or 0.82%, and closed at 246.87 on Friday, December 05, 2014. Weekly volume was 9% 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 249.66 on November 28, 2014. SHW gained -207.47 points, or -491.75%, in 299 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (216.38) 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 249.66 on November 28, 2014. SHW gained -193.42 points, or -343.92%, in 265 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (206.54) 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 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 Williams' Percentage Range and Lane's Stochastic. 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 downtrend had started on November 28, 2014 at 249.66 and reached 242.29 on December 2, 2014. SHW lost 7.37 points, or 2.95%, in 4 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 November 24, 2014. 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 69.06
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 63.54
Bearish
Greed/Fear Indicator (GFI) 73.18
Moving Average Converg./Diverg. (MACD) 4.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.03
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 95.20
Strong Overbought
Greed/Fear Indicator (GFI) 84.08
Overbought
Moving Average Converg./Diverg. (MACD) 7.42
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 247.24
Price 246.87
Upper Bollinger Band 246.75
Daily Stochastic Crossing 246.40
Parabolic System 242.40
20 Day Moving Average 241.47
Monthly Trendline Resistance 241.18
Lower Bollinger Band 233.76
50 Day Moving Average 228.57
Quarterly Trendline Resistance 227.11
Yearly Trendline Resistance 224.79
Monthly Trendline Support 217.12
Yearly Trendline Support 216.38
Quarterly Trendline Support 206.54
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry General Building Matrials 146
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 249.66
High Date 11/28/2014
Low 242.29
Low Date 12/02/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 220.13
Low Date 10/29/2014
High 249.66
High Date 11/28/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 241.18
Support 217.12
Low 188.25
Low Date 04/15/2014
High 249.66
High Date 11/28/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 227.11
Support 206.54
Low 56.24
Low Date 10/28/2009
High 249.66
High Date 11/28/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 224.79
Support 216.38
Low 42.19
Low Date 03/06/2009
High 249.66
High Date 11/28/2014
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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