SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SHW - US8243481061 - Common Stock
Overall SHW gets a technical rating of 5 out of 10. SHW has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month SHW has a been trading in the 319.49 - 359.00 range, which is quite wide. It is currently trading near the high of this range.
- SHW has an average volume of 1782190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SHW turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- SHW is part of the Chemicals industry. There are 82 other stocks in this industry, SHW did better than 67% of them.
- 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.
SHW has an average technical rating and it also does not offer a high quality setup 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 3 important areas.
- A support zone ranging from 330.74 to 341.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 320.85 to 322.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @313.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @359.41 from a trend line in the weekly time frame.
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 | 52.46 | 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) | UP | POSITIVE | The current price of SHW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.7 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.86 | POSITIVE | The MACD value suggests SHW has a positive trend. |
| Stochastics (14,3) | 95.89 | OVERBOUGHT | The high Stochastics value suggests SHW may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SHW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.78 | NEGATIVE | The low ADX value for SHW suggests a weak or negative trend. |
355.99
-1.64 (-0.46%)
SHERWIN-WILLIAMS CO/THE / SHW FAQ
Can you provide the ChartMill technical rating for SHERWIN-WILLIAMS CO/THE?
ChartMill assigns a technical rating of 5 / 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 68.703. 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 3.86459, indicating a bullish trend.