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Archive
- 9/16/2016
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Sherwin-Williams
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Summary:
Weekly :Oversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
Daily :Lane's Stochastic is oversoldLane's Stochastic and MACD bullish divergence
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It was the second consecutive negative week for the Sherwin-Williams (SHW). During the week, the SHW gave back -0.41 points, or -0.15%, and closed at 273.98 on Friday, September 16, 2016. On Friday SHW has reached 271.69 - the lowest level since March 24, 2016. Weekly volume was 6% above average.

SHW is a member of General Building Matrials Industry. General Building Matrials is the ninth most oversold industry. 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 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 40.87% 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 (301.43) 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 weekly MACD line is below its signal line since July 22, 2016. 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 271.69 on September 16, 2016. SHW lost 40.79 points, or 13.05%, in 58 days. The price is now at the 5.61% retracement level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.29
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 19.72
Oversold Bullish
Greed/Fear Indicator (GFI) 25.05
Moving Average Converg./Diverg. (MACD) -4.03 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.48
Williams' Percentage Range (W%R) 89.00
Oversold
Lane's Stochastic (%D-Slow) 18.97
Oversold
Greed/Fear Indicator (GFI) 24.97
Moving Average Converg./Diverg. (MACD) 5.26
Trading Signals
Description Value Chart
Weekly Trendline Resistance 314.78
Weekly Trendline Support 301.43
Upper Bollinger Band 293.43
50 Day Moving Average 292.79
20 Day Moving Average 283.18
Parabolic System 278.14
Weekly Stochastic Crossing 276.03
Price 273.98
Daily Stochastic Crossing 273.96
Lower Bollinger Band 272.32
Sector and Industry
Description Name Rank
Sector Industrial Goods 4
Industry General Building Matrials 9
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 312.48
High Date 07/20/2016
Low 271.69
Low Date 09/16/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 314.78
Support 301.43
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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