SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SHW - US8243481061 - Common Stock
Taking everything into account, SHW scores 3 out of 10 in our technical rating. In the past year, SHW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SHW has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
310.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 320.85 to 330.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @313.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @341.02 from a horizontal line in the daily time frame.
- Resistance @346.60 from a horizontal line in the daily time frame.
- Resistance @353.66 from a horizontal line in the daily time frame.
- Resistance @360.05 from a trend line in the weekly time frame.
- A resistance zone ranging from 372.94 to 375.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SHW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHW is up. |
| ChartMill Relative Strength | 35.15 | NEUTRAL | SHW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.59 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.51 | POSITIVE | The MACD value suggests SHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.94 | NEUTRAL | The Stochastics value for SHW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for SHW suggests low volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for SHW suggests a weak or negative trend. |
331.41
-8.68 (-2.55%)
SHERWIN-WILLIAMS CO/THE / SHW FAQ
Can you provide the ChartMill technical rating for SHERWIN-WILLIAMS CO/THE?
ChartMill assigns a technical rating of 3 / 10 to SHW.
What is the current trend direction of SHERWIN-WILLIAMS CO/THE (SHW) stock?
The current trend direction for SHERWIN-WILLIAMS CO/THE (SHW) is Bearish.
Can you provide the RSI signal for SHERWIN-WILLIAMS CO/THE?
SHERWIN-WILLIAMS CO/THE (SHW) has an RSI value of 51.5885. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SHERWIN-WILLIAMS CO/THE?
The MACD indicator for SHERWIN-WILLIAMS CO/THE (SHW) has a value of 1.50528, indicating a bullish trend.