The Greedy Trader Weekly Analysis
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Archive
- 10/10/2014
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Sherwin-Williams
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineTrend resistance at 214.05
Daily :Price has crossed below the 50 Day Moving Average
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 -2.85 points, or -1.32%, and closed at 213.14 on Friday, October 10, 2014. 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 222.53 on September 29, 2014. SHW gained -180.34 points, or -427.45%, in 290 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (214.05). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term downtrend had started on September 29, 2014 at 222.53 and reached 211.36 on October 2, 2014. SHW lost 11.17 points, or 5.02%, in 0 weeks. The price is now at the 15.94% retracement level.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish 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 2, 2014 at 211.36 and reached 217.53 on October 3, 2014. SHW gained -6.17 points, or -2.92%, in 1 days. The price is now at the 71.15% 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 September 29, 2014.

During the last week, the price 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) 40.84
Williams' Percentage Range (W%R) 76.40
Lane's Stochastic (%D-Slow) 23.86
Greed/Fear Indicator (GFI) 29.44
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.47
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 77.42
Greed/Fear Indicator (GFI) 63.97
Moving Average Converg./Diverg. (MACD) 5.69
Trading Signals
Description Value Chart
Upper Bollinger Band 221.82
Weekly Stochastic Crossing 219.60
Parabolic System 218.28
20 Day Moving Average 217.08
50 Day Moving Average 215.20
Yearly Trendline Resistance 214.05
Price 213.14
Daily Stochastic Crossing 213.06
Lower Bollinger Band 210.34
Yearly Trendline Support 173.40
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry General Building Matrials 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 217.53
High Date 10/03/2014
Low 211.44
Low Date 10/07/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 211.36
Low Date 10/02/2014
High 217.53
High Date 10/03/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 222.53
High Date 09/29/2014
Low 211.36
Low Date 10/02/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 222.53
High Date 09/29/2014
Low 211.36
Low Date 10/02/2014
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 214.05
Support 173.40
Low 42.19
Low Date 03/06/2009
High 222.53
High Date 09/29/2014
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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