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- 7/17/2015
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Sherwin-Williams
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range bullish divergenceTrend resistance at 268.24
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger Band
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It was the first negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -12.20 points, or -4.39%, and closed at 266.01 on Friday, July 17, 2015. Weekly volume was 278% above average.

SHW is a member of Industrial Goods Sector. Industrial Goods is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 price is near the trend resistance line (268.24). 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 uptrend had started on October 28, 2009 at 56.24 and reached 294.35 on May 19, 2015. SHW gained -238.11 points, or -423.38%, in 289 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 226.35 and resistance is at 270.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Williams' Percentage Range has bullish divergence. Use the following links to access the Williams' Percentage Range help, or use the Technical Stock Screener to see the list of stocks with weekly Williams' Percentage Range bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 27, 2015. The distance between MACD and the signal line is near its high and 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 May 19, 2015 at 294.35 and reached 250.27 on July 16, 2015. SHW lost 44.08 points, or 14.98%, in 58 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 260.00 and resistance is at 283.63. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since July 15, 2015. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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 price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.63
Williams' Percentage Range (W%R) 70.00
Lane's Stochastic (%D-Slow) 60.78
Greed/Fear Indicator (GFI) 42.48
Moving Average Converg./Diverg. (MACD) -1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.00
Williams' Percentage Range (W%R) 75.40
Bullish
Lane's Stochastic (%D-Slow) 33.00
Greed/Fear Indicator (GFI) 34.07
Moving Average Converg./Diverg. (MACD) 9.04
Trading Signals
Description Value Chart
Monthly Trendline Support 301.36
Upper Bollinger Band 290.10
Parabolic System 285.51
Weekly Trendline Resistance 283.63
50 Day Moving Average 282.96
20 Day Moving Average 279.25
Daily Stochastic Crossing 271.06
Quarterly Trendline Resistance 270.19
Yearly Trendline Resistance 268.24
Lower Bollinger Band 266.36
Price 266.01
Weekly Stochastic Crossing 263.79
Weekly Trendline Support 260.00
Yearly Trendline Support 235.14
Quarterly Trendline Support 226.35
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry General Building Matrials 103
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 285.94
High Date 07/15/2015
Low 250.27
Low Date 07/16/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 283.63
Support 260.00
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 Support
Resistance 322.32
Support 301.36
Low 188.25
Low Date 04/15/2014
High 294.35
High Date 05/19/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 270.19
Support 226.35
Low 56.24
Low Date 10/28/2009
High 294.35
High Date 05/19/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 268.24
Support 235.14
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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