The Greedy Trader Weekly Analysis
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Archive
- 8/14/2015
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Sherwin-Williams
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Summary:
Weekly :Broken trend resistance line
Daily :Price has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 10.03 points, or 3.72%, and closed at 279.37 on Friday, August 14, 2015. Weekly volume was -6% 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 294.35 on May 19, 2015. SHW gained -252.16 points, or -597.68%, in 323 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (237.60) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on May 19, 2015 at 294.35 and reached 250.27 on July 16, 2015. SHW lost 44.08 points, or 14.98%, in 8 weeks. The price is now at the 66.02% retracement level.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 27, 2015. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 12, 2015 at 267.47 and reached 281.20 on August 14, 2015. SHW gained -13.73 points, or -5.13%, in 2 days. The price is now at the 13.33% retracement level.

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

The daily MACD line is above its signal line since July 28, 2015. This is an indication that the short-term trend is up.

During the last week, the price has moved above 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 67.50
Williams' Percentage Range (W%R) 33.70
Lane's Stochastic (%D-Slow) 54.82
Greed/Fear Indicator (GFI) 62.88
Moving Average Converg./Diverg. (MACD) -1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.35
Williams' Percentage Range (W%R) 42.60
Lane's Stochastic (%D-Slow) 54.56
Greed/Fear Indicator (GFI) 53.13
Moving Average Converg./Diverg. (MACD) 5.66
Trading Signals
Description Value Chart
Upper Bollinger Band 283.13
Price 279.37
50 Day Moving Average 277.09
Daily Stochastic Crossing 275.30
20 Day Moving Average 273.24
Weekly Stochastic Crossing 271.55
Yearly Trendline Resistance 271.45
Lower Bollinger Band 266.30
Parabolic System 261.49
Yearly Trendline Support 237.60
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry General Building Matrials 138
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 267.47
Low Date 08/12/2015
High 281.20
High Date 08/14/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 267.47
Low Date 08/12/2015
High 281.20
High Date 08/14/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 294.35
High Date 05/19/2015
Low 250.27
Low Date 07/16/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 294.35
High Date 05/19/2015
Low 250.27
Low Date 07/16/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 271.45
Support 237.60
Low 42.19
Low Date 03/06/2009
High 294.35
High Date 05/19/2015
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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