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Archive
- 11/22/2024 -
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Sherwin-Williams (SHW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Sherwin-Williams (SHW). During the week, the SHW gained 7.20 points, or 1.89%, and closed at 387.50 on Friday, November 22, 2024. SHW was trading at average weekly trading volume.
 Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 195.24 and reached 392.57 on October 15, 2024. SHW gained -197.33 points, or -101.07%, in 104 weeks. Price is near the trend high.
Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on June 7, 2024 at 282.09 and reached 392.57 on October 15, 2024. SHW gained -110.48 points, or -39.16%, in 18 weeks. Price is near the trend high.
 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. 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.
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 downtrend had started on November 12, 2024 at 392.00 and reached 367.40 on November 19, 2024. SHW lost 24.60 points, or 6.28%, in 7 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 21, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
3 |
| Industry |
Specialty Chemicals |
31 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| High |
392.00 |
| High Date |
11/12/2024 |
| Low |
367.40 |
| Low Date |
11/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
357.70 |
| Low Date |
11/01/2024 |
| High |
392.00 |
| High Date |
11/12/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
392.57 |
| High Date |
10/15/2024 |
| Low |
357.70 |
| Low Date |
11/01/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
282.09 |
| Low Date |
06/07/2024 |
| High |
392.57 |
| High Date |
10/15/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
195.24 |
| Low Date |
10/13/2022 |
| High |
392.57 |
| High Date |
10/15/2024 |
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