The Greedy Trader Weekly Analysis
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Archive
- 5/15/2015
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Sherwin-Williams
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a second consecutive positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 4.02 points, or 1.40%, and closed at 291.22 on Friday, May 15, 2015. Weekly volume was 9% above average.

Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 42.19 and reached 292.51 on April 13, 2015. SHW gained -250.32 points, or -593.32%, in 318 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (229.87) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 292.51 on April 13, 2015. SHW gained -236.27 points, or -420.11%, in 284 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (220.78) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 27, 2015. 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 May 6, 2015 at 274.02 and reached 292.23 on May 15, 2015. SHW gained -18.21 points, or -6.65%, in 9 days. The price is now at the 5.55% retracement level.

Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 7, 2015. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.94
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 92.08
Strong Overbought
Greed/Fear Indicator (GFI) 83.79
Overbought
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.57
Bearish
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 50.07
Greed/Fear Indicator (GFI) 66.53
Moving Average Converg./Diverg. (MACD) 14.59
Trading Signals
Description Value Chart
Monthly Trendline Resistance 305.14
Upper Bollinger Band 293.65
Price 291.22
Daily Stochastic Crossing 290.99
Monthly Trendline Support 288.23
50 Day Moving Average 284.71
20 Day Moving Average 283.13
Weekly Stochastic Crossing 282.46
Parabolic System 281.57
Lower Bollinger Band 276.35
Quarterly Trendline Resistance 263.14
Yearly Trendline Resistance 261.40
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry General Building Matrials 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 274.02
Low Date 05/06/2015
High 292.23
High Date 05/15/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 292.51
High Date 04/13/2015
Low 274.02
Low Date 05/06/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 305.14
Support 288.23
Low 188.25
Low Date 04/15/2014
High 292.51
High Date 04/13/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 263.14
Support 220.78
Low 56.24
Low Date 10/28/2009
High 292.51
High Date 04/13/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 261.40
Support 229.87
Low 42.19
Low Date 03/06/2009
High 292.51
High Date 04/13/2015
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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