The Greedy Trader Weekly Analysis
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Archive
- 8/15/2014
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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 is overboughtMACD bearish divergence
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 3.89 points, or 1.86%, and closed at 212.80 on Friday, August 15, 2014. Weekly volume was -34% below 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 215.62 on July 23, 2014. SHW gained -173.43 points, or -411.07%, in 280 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (169.77) 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 215.62 on July 23, 2014. SHW gained -159.38 points, or -283.39%, in 247 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (193.06) 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 is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 11, 2014. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 23, 2014 at 215.62 and reached 203.65 on August 1, 2014. SHW lost 11.97 points, or 5.55%, in 9 days. The price is now at the 76.44% retracement level.

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

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 50.29
Williams' Percentage Range (W%R) 24.20
Lane's Stochastic (%D-Slow) 86.47
Overbought
Greed/Fear Indicator (GFI) 70.85
Moving Average Converg./Diverg. (MACD) 0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.41
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 64.92
Greed/Fear Indicator (GFI) 70.93
Moving Average Converg./Diverg. (MACD) 4.74 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 215.24
Daily Stochastic Crossing 213.15
Price 212.80
Weekly Stochastic Crossing 210.44
20 Day Moving Average 210.17
Quarterly Trendline Resistance 209.57
50 Day Moving Average 206.93
Yearly Trendline Resistance 206.09
Parabolic System 205.09
Lower Bollinger Band 203.22
Quarterly Trendline Support 193.06
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry General Building Matrials 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 215.62
High Date 07/23/2014
Low 203.65
Low Date 08/01/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 215.62
High Date 07/23/2014
Low 203.65
Low Date 08/01/2014
Description Value
Direction Up
Chart Pattern Rising Wedge
Status
Resistance
Support
Low 188.25
Low Date 04/15/2014
High 215.62
High Date 07/23/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 209.57
Support 193.06
Low 56.24
Low Date 10/28/2009
High 215.62
High Date 07/23/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 206.09
Support 169.77
Low 42.19
Low Date 03/06/2009
High 215.62
High Date 07/23/2014
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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