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- 11/19/2021 -
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Sherwin-Williams (SHW)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
Daily :Stochastic has declined below the signal lineThe period of low volatility of the stock price
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It was a seventh positive week after 4 consecutive negative weeks for the Sherwin-Williams (SHW). During the week, the SHW climbed 0.85 points, or 0.26%, and closed at 332.25 on Friday, November 19, 2021. Weekly volume was -74% below average.

SHW is a member of Materials Sector. Materials 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 downtrend had started on March 29, 2021 at 768.00 and reached 244.67 on April 1, 2021. SHW lost 523.33 points, or 68.14%, in 0 weeks. The price is now at the 16.74% retracement level.

Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on April 1, 2021 at 244.67 and reached 340.45 on November 17, 2021. SHW gained -95.78 points, or -39.15%, in 32 weeks. The price is now at the 8.56% retracement level.

Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish 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 weekly Lane's Stochastic and MACD 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 Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 9, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 29, 2021 at 272.01 and reached 340.45 on November 17, 2021. SHW gained -68.44 points, or -25.16%, in 49 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 327.99 and resistance is at 346.83. 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 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 main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since October 5, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

The distance between the Bollinger Bands is falling, and it was 9.92% on Friday. It is 65.83% lower than one year average. It indicates the period of low volatility of the stock price. 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) 79.19
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 75.53
Greed/Fear Indicator (GFI) 77.51
Moving Average Converg./Diverg. (MACD) 7.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.67
Williams' Percentage Range (W%R) 12.00
Overbought
Lane's Stochastic (%D-Slow) 88.91
Overbought Bearish
Greed/Fear Indicator (GFI) 78.56
Moving Average Converg./Diverg. (MACD) -39.00 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 346.83
Upper Bollinger Band 338.33
Daily Stochastic Crossing 335.14
Weekly Stochastic Crossing 334.63
Price 332.25
Weekly Trendline Support 327.99
Parabolic System 327.70
20 Day Moving Average 322.52
Lower Bollinger Band 305.39
50 Day Moving Average 304.82
Sector and Industry
Description Name Rank
Sector Materials 8
Industry Specialty Chemicals 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 340.45
High Date 11/17/2021
Low 329.32
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 346.83
Support 327.99
Low 272.01
Low Date 09/29/2021
High 340.45
High Date 11/17/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 244.67
Low Date 04/01/2021
High 340.45
High Date 11/17/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 768.00
High Date 03/29/2021
Low 244.67
Low Date 04/01/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.01
Low Date 02/03/2000
High 768.00
High Date 03/29/2021
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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