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Archive
- 3/13/2015
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Sherwin-Williams
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
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It was the first negative week for the Sherwin-Williams (SHW). During the week, the SHW gave back -1.20 points, or -0.42%, and closed at 285.24 on Friday, March 13, 2015. 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 291.27 on February 24, 2015. SHW gained -249.08 points, or -590.38%, in 311 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (224.48) 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 uptrend had started on October 28, 2009 at 56.24 and reached 291.27 on February 24, 2015. SHW gained -235.03 points, or -417.91%, in 277 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (215.09) 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 medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 24, 2014. This is an indication that the medium-term trend is up. 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 February 24, 2015 at 291.27 and reached 280.92 on March 11, 2015. SHW lost 10.35 points, or 3.55%, in 15 days. The price is now at the 41.74% 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 February 26, 2015. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.44
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 25.61
Greed/Fear Indicator (GFI) 35.35
Moving Average Converg./Diverg. (MACD) 2.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.26
Overbought
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 89.47
Overbought
Greed/Fear Indicator (GFI) 81.50
Overbought
Moving Average Converg./Diverg. (MACD) 16.58
Trading Signals
Description Value Chart
Upper Bollinger Band 289.36
Parabolic System 289.01
Weekly Stochastic Crossing 288.20
20 Day Moving Average 286.67
Monthly Trendline Resistance 285.65
Price 285.24
Daily Stochastic Crossing 282.94
Lower Bollinger Band 279.05
50 Day Moving Average 278.10
Quarterly Trendline Resistance 253.17
Yearly Trendline Resistance 251.52
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry General Building Matrials 153
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 291.27
High Date 02/24/2015
Low 280.92
Low Date 03/11/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 291.27
High Date 02/24/2015
Low 280.92
Low Date 03/11/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 285.65
Support 227.72
Low 188.25
Low Date 04/15/2014
High 291.27
High Date 02/24/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 253.17
Support 215.09
Low 56.24
Low Date 10/28/2009
High 291.27
High Date 02/24/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 251.52
Support 224.48
Low 42.19
Low Date 03/06/2009
High 291.27
High Date 02/24/2015
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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