The Greedy Trader Weekly Analysis
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Archive
- 4/22/2016
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Sherwin-Williams (SHW). During the week, the SHW climbed 2.67 points, or 0.90%, and closed at 299.10 on Friday, April 22, 2016. Weekly volume was 9% above average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the 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 downtrend had started on April 21, 2016 at 309.00 and reached 293.76 on April 22, 2016. SHW lost 15.24 points, or 4.93%, in 0 weeks. The price is now at the 35.04% retracement level.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on February 3, 2000 at 17.01 and reached 309.00 on April 21, 2016. SHW gained -291.99 points, or -1716.58%, in 846 weeks. Price is near the trend high.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly 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 February 19, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 April 21, 2016 at 309.00 and reached 293.76 on April 22, 2016. SHW lost 15.24 points, or 4.93%, in 1 days. The price is now at the 35.04% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.28
Williams' Percentage Range (W%R) 39.30
Lane's Stochastic (%D-Slow) 62.69
Greed/Fear Indicator (GFI) 64.88
Moving Average Converg./Diverg. (MACD) 5.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.97
Overbought
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 91.40
Strong Overbought
Greed/Fear Indicator (GFI) 79.46
Moving Average Converg./Diverg. (MACD) 3.78
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 305.96
Upper Bollinger Band 303.43
Daily Stochastic Crossing 302.27
Parabolic System 301.72
Price 299.10
20 Day Moving Average 292.65
Lower Bollinger Band 281.57
50 Day Moving Average 280.24
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry General Building Matrials 150
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 309.00
High Date 04/21/2016
Low 293.76
Low Date 04/22/2016
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.00
High Date 04/21/2016
Low 293.76
Low Date 04/22/2016
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.00
High Date 04/21/2016
Low 293.76
Low Date 04/22/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 309.00
High Date 04/21/2016
Low 293.76
Low Date 04/22/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 309.00
High Date 04/21/2016
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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