SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
NYSE:SHW • US8243481061
Taking everything into account, SHW scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SHW is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- SHW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHW is lagging the market slightly.
- In the last month SHW has a been trading in the 342.00 - 377.77 range, which is quite wide. It is currently trading near the high of this range.
- SHW has an average volume of 1810950 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 60% of all stocks.
- SHW is part of the Chemicals industry. There are 83 other stocks in this industry, SHW did better than 45% of them.
Although SHW has an excellent technical rating, the quality of the presented setup is not ideal 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
317.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 357.76 to 364.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 342.94 to 343.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @330.74 from a horizontal line in the daily time frame.
- A support zone ranging from 320.85 to 323.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @372.93 from a horizontal line in the daily 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 | 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 | 60.65 | 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) | 63.28 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests SHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.82 | OVERBOUGHT | The high Stochastics value suggests SHW may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for SHW suggests some volalility. |
| Average Directional Index/ADX (14) | 29.87 | POSITIVE | The high ADX value value for SHW suggests a strong trend. |
368.89
-3.71 (-1%)
SHERWIN-WILLIAMS CO/THE / SHW FAQ
Can you provide the ChartMill technical rating for SHERWIN-WILLIAMS CO/THE?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for SHERWIN-WILLIAMS CO/THE?
SHERWIN-WILLIAMS CO/THE (SHW) has an RSI value of 63.2788. 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 0.710847, indicating a bearish trend.
What is the buy/sell signal for SHW stock?
The buy/sell signal for SHERWIN-WILLIAMS CO/THE (SHW) is buy as both the short term and long term trends are positive.