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Uptrend ExhaustionArchive
- 1/3/2025 -
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Sherwin-Williams (SHW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -6.80 points, or -1.98%, and closed at 336.50 on Friday, January 3, 2025. On Friday SHW has reached 333 - the lowest level since July 26, 2024. SHW was trading at average weekly trading volume.
SHW is a member of Materials Sector. Materials is the most oversold 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 uptrend had started on October 13, 2022 at 195.24 and reached 400.40 on November 27, 2024. SHW gained -205.16 points, or -105.08%, in 110 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 272.83 and resistance is at 404.48. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See SHW medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 400.40 and reached 331.00 on January 2, 2025. SHW lost 69.40 points, or 17.33%, in 5 weeks. The price is now at the 7.93% retracement level.
 Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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.
The weekly MACD line is below its signal line since December 6, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 December 26, 2024 at 346.60 and reached 331.00 on January 2, 2025. SHW lost 15.60 points, or 4.50%, in 7 days. The price is now at the 35.26% retracement level.
 Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, 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. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since December 4, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 101.69% higher then one year average. It indicates the period of high 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.
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