SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
NYSE:SHW - New York Stock Exchange, Inc. - US8243481061 - Common Stock - Currency: USD
Overall SHW gets a technical rating of 8 out of 10. Although SHW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
SHW is one of the better performing stocks in the Chemicals industry, it outperforms 80% of 85 stocks in the same industry.
SHW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SHW has an average volume of 1657590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SHW is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SHW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHW is lagging the market.
In the last month SHW has a been trading in a tight range between 348.08 and 363.90.
SHW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 352.32, a Stop Loss order could be placed below this zone.
More info and screens
326.85
369.21
We found 3 important support areas.
- A support zone ranging from 347.83 to 352.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @340.20 from a trend line in the weekly time frame.
- A support zone ranging from 330.15 to 330.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 357.60 to 365.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for SHW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHW is up. |
| ChartMill Relative Strength | 75.66 | POSITIVE | SHW has a high relative strength, it outperformed 75.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHW is above the rising 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) | 52.25 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests SHW has a negative trend. |
| Stochastics (14,3) | 66.51 | NEUTRAL | The Stochastics value for SHW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for SHW suggests low volalility. |
| Average Directional Index/ADX (14) | 19.53 | NEGATIVE | The low ADX value for SHW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 365.56 | 351.18 | 14.38 (3.94%) | 25.00% |
| An entry @365.56. This is a Buy Stop order right above the resistance zone. | An exit @351.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 14.38 points, which is 3.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
357.13
-3.6 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1%
1 Week-1.41%
2 Weeks0.68%
1 Month0.31%
3 Month4.49%
6 Month-2.02%
12 Month20.25%
2 Year34.5%
3 Year59.5%
5 Year85.41%
10 Year289.57%
15 Year1448.48%
Volatility
ATR(14)5.96
ATR(20)%1.71%
ATR Inc-14.83%
Range Today6.17
ADR(20)5.7
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.66
Mansfield-0.37
10 Day High363.9
10 Day Low351.19
20 Day High363.9
20 Day Low348.09
52 Week High400.42
52 Week Low292.27
CS1 End352.32
CR1 Start357.6
Volume & EV
DER(3)-0.93%
DER(5)-0.55%
Volume1.12M
Volume Incr-19.89%
Vol(5)1.13M
Vol(50)1.66M