The Greedy Trader Weekly Analysis
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Archive
- 8/19/2016
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Sherwin-Williams
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Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was the second consecutive negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -8.04 points, or -2.72%, and closed at 287.77 on Friday, August 19, 2016. Weekly volume was -17% below average.

Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on September 29, 2015 at 218.27 and reached 312.48 on July 20, 2016. SHW gained -94.21 points, or -43.16%, in 42 weeks. The price is now at the 26.23% retracement level.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 234.96 and reached 312.48 on July 20, 2016. SHW gained -77.52 points, or -32.99%, in 26 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (293.86) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since July 22, 2016. The distance between MACD and the signal line is low, but getting bigger. 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 20, 2016 at 312.48 and reached 285.25 on July 21, 2016. SHW lost 27.23 points, or 8.71%, in 1 days. The chart has formed a Rectangle chart pattern.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since July 20, 2016. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average 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) 30.69
Williams' Percentage Range (W%R) 86.60
Oversold
Lane's Stochastic (%D-Slow) 13.07
Oversold
Greed/Fear Indicator (GFI) 19.04
Oversold
Moving Average Converg./Diverg. (MACD) -0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.20
Williams' Percentage Range (W%R) 73.60
Lane's Stochastic (%D-Slow) 54.79
Greed/Fear Indicator (GFI) 43.32
Moving Average Converg./Diverg. (MACD) 7.36
Trading Signals
Description Value Chart
Weekly Trendline Resistance 313.71
Upper Bollinger Band 303.40
Parabolic System 297.18
50 Day Moving Average 295.87
20 Day Moving Average 295.64
Weekly Stochastic Crossing 295.64
Weekly Trendline Support 293.86
Price 287.77
Daily Stochastic Crossing 286.54
Lower Bollinger Band 286.53
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry General Building Matrials 12
Daily Trend
Description Value
Direction Down
Chart Pattern Rectangle
High 312.48
High Date 07/20/2016
Low 285.25
Low Date 07/21/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 313.71
Support 293.86
Low 234.96
Low Date 01/20/2016
High 312.48
High Date 07/20/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.27
Low Date 09/29/2015
High 312.48
High Date 07/20/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.19
Low Date 03/06/2009
High 312.48
High Date 07/20/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 312.48
High Date 07/20/2016
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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