The Greedy Trader Weekly Analysis
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Archive
- 9/15/2017
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the first negative week after 3 consecutive positive weeks for the Sherwin-Williams (SHW). During the week, the SHW dropped -3.57 points, or -1.04%, and closed at 340.98 on Friday, September 15, 2017. Weekly volume was -17% below average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the second 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 uptrend had started on November 1, 2016 at 239.48 and reached 362.57 on June 28, 2017. SHW gained -123.09 points, or -51.40%, in 34 weeks. The price is now at the 17.54% retracement level.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term downtrend had started on June 28, 2017 at 362.57 and reached 326.68 on August 21, 2017. SHW lost 35.89 points, or 9.90%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (319.11) 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 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 July 28, 2017. This is an indication that the medium-term trend is down. 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 August 21, 2017 at 326.68 and reached 352.39 on September 12, 2017. SHW gained -25.71 points, or -7.87%, in 22 days. The chart has formed a Rising Channel chart pattern.

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

The daily MACD line is above its signal line since August 21, 2017. This is an indication that the short-term trend is up.

During the last week, the price has declined below 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.

During the last week, the price 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) 52.09
Williams' Percentage Range (W%R) 23.80
Lane's Stochastic (%D-Slow) 67.59
Greed/Fear Indicator (GFI) 65.29
Moving Average Converg./Diverg. (MACD) 0.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.12
Williams' Percentage Range (W%R) 45.40
Lane's Stochastic (%D-Slow) 32.71
Greed/Fear Indicator (GFI) 44.21
Moving Average Converg./Diverg. (MACD) 10.72
Trading Signals
Description Value Chart
Upper Bollinger Band 353.28
Parabolic System 352.74
Daily Stochastic Crossing 346.29
50 Day Moving Average 342.66
Price 340.98
20 Day Moving Average 340.27
Weekly Stochastic Crossing 337.29
Weekly Trendline Resistance 336.33
Lower Bollinger Band 330.60
Weekly Trendline Support 319.11
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry General Building Matrials 46
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 326.68
Low Date 08/21/2017
High 352.39
High Date 09/12/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 336.33
Support 319.11
High 362.57
High Date 06/28/2017
Low 326.68
Low Date 08/21/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 239.48
Low Date 11/01/2016
High 362.57
High Date 06/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.19
Low Date 03/06/2009
High 362.57
High Date 06/28/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 362.57
High Date 06/28/2017
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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