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|It was the first negative week after 6 consecutive positive weeks for the Sherwin-Williams (SHW). During the week, the SHW dropped -4.60 points, or -1.72%, and closed at 262.63 on Friday, November 13, 2015. It was the worst weekly loss since September 25, 2015. Weekly volume was -29% below average. |
Long-term trend: [See SHW long-term trend chart]
A long-term downtrend had started on May 19, 2015 at 294.35 and reached 218.27 on September 29, 2015. SHW lost 76.08 points, or 25.85%, in 19 weeks. The price is now at the 58.31% retracement level.
Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on September 29, 2015 at 218.27 and reached 272.21 on November 4, 2015. SHW gained -53.94 points, or -24.71%, in 5 weeks. The price is now at the 17.76% retracement level.
Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish 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 16, 2015 at 235.63 and reached 272.21 on November 4, 2015. SHW gained -36.58 points, or -15.52%, in 19 days. The price is now at the 26.19% retracement level.
Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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.
The daily MACD line is above its signal line since October 2, 2015. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
The distance between the Bollinger Bands is 104.53% higher then one year average. It indicates the period of high volatility of the stock price. 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.