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Archive
- 7/11/2014
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Sherwin-Williams
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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal lineWeekly  MACD line has moved below its signal lineOversold sectorTrend resistance at 201.16Broken trend support line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice is close to the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the second consecutive negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -4.70 points, or -2.27%, and closed at 202.76 on Friday, July 11, 2014. It was the worst weekly loss since April 11, 2014. Weekly volume was -29% below average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the second most oversold 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 March 6, 2009 at 42.19 and reached 208.63 on March 7, 2014. SHW gained -166.44 points, or -394.50%, in 261 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (201.16). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on April 28, 2014 at 195.61 and reached 208.27 on July 1, 2014. SHW gained -12.66 points, or -6.47%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (203.65) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. SHW may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 July 1, 2014 at 208.27 and reached 201.47 on July 11, 2014. SHW lost 6.80 points, or 3.26%, in 10 days. The price is now at the 18.97% retracement level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.47% on Friday. It is 55.48% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 46.40
Williams' Percentage Range (W%R) 84.10
Oversold
Lane's Stochastic (%D-Slow) 22.91
Greed/Fear Indicator (GFI) 28.41
Moving Average Converg./Diverg. (MACD) 0.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.72
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 82.84
Overbought
Greed/Fear Indicator (GFI) 70.47
Moving Average Converg./Diverg. (MACD) 4.53
Trading Signals
Description Value Chart
Weekly Trendline Resistance 209.46
Upper Bollinger Band 207.93
Parabolic System 207.16
Weekly Stochastic Crossing 206.00
20 Day Moving Average 204.70
Weekly Trendline Support 203.65
Daily Stochastic Crossing 202.82
Price 202.76
50 Day Moving Average 202.74
Yearly Trendline Resistance 201.16
Lower Bollinger Band 200.90
Yearly Trendline Support 167.44
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry General Building Matrials 86
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 208.27
High Date 07/01/2014
Low 201.47
Low Date 07/11/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 209.46
Support 203.65
Low 195.61
Low Date 04/28/2014
High 208.27
High Date 07/01/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.63
High Date 03/07/2014
Low 188.25
Low Date 04/15/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.63
High Date 03/07/2014
Low 188.25
Low Date 04/15/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 201.16
Support 167.44
Low 42.19
Low Date 03/06/2009
High 208.63
High Date 03/07/2014
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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