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Archive
- 4/17/2015
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Sherwin-Williams
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Summary:
Weekly :Williams' Percentage Range is overboughtRelative Strength Index bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the first negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -8.51 points, or -2.93%, and closed at 282.14 on Friday, April 17, 2015. Weekly volume was 44% 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 (227.42) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 (218.19) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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. The distance between MACD and the signal line is low, but getting bigger. 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 March 18, 2015 at 275.84 and reached 292.51 on April 13, 2015. SHW gained -16.67 points, or -6.04%, in 26 days. The chart has formed a Broadening Descending Wedge chart pattern. The uptrend support line (285.29) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.

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. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

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) 51.05
Williams' Percentage Range (W%R) 74.30
Lane's Stochastic (%D-Slow) 52.15
Bearish
Greed/Fear Indicator (GFI) 42.97
Moving Average Converg./Diverg. (MACD) 1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.48
Bearish
Williams' Percentage Range (W%R) 19.70
Overbought
Lane's Stochastic (%D-Slow) 76.48
Greed/Fear Indicator (GFI) 69.97
Moving Average Converg./Diverg. (MACD) 16.59
Trading Signals
Description Value Chart
Monthly Trendline Resistance 296.19
Upper Bollinger Band 293.36
Weekly Trendline Resistance 293.28
Parabolic System 292.55
Weekly Stochastic Crossing 288.55
20 Day Moving Average 286.32
Daily Stochastic Crossing 285.83
50 Day Moving Average 285.50
Weekly Trendline Support 285.29
Price 282.14
Monthly Trendline Support 280.16
Lower Bollinger Band 279.46
Quarterly Trendline Resistance 259.83
Yearly Trendline Resistance 258.19
Yearly Trendline Support 227.42
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry General Building Matrials 129
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 292.51
High Date 04/13/2015
Low 280.00
Low Date 04/16/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 293.28
Support 285.29
Low 275.84
Low Date 03/18/2015
High 292.51
High Date 04/13/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 296.19
Support 280.16
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 259.83
Support 218.19
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 258.19
Support 227.42
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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