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|It was the second consecutive negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -2.85 points, or -1.32%, and closed at 213.14 on Friday, October 10, 2014. SHW was trading at average weekly trading volume. |
Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 42.19 and reached 222.53 on September 29, 2014. SHW gained -180.34 points, or -427.45%, in 290 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (214.05). 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 downtrend had started on September 29, 2014 at 222.53 and reached 211.36 on October 2, 2014. SHW lost 11.17 points, or 5.02%, in 0 weeks. The price is now at the 15.94% retracement level.
Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 uptrend had started on October 2, 2014 at 211.36 and reached 217.53 on October 3, 2014. SHW gained -6.17 points, or -2.92%, in 1 days. The price is now at the 71.15% retracement level.
Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 29, 2014.
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.