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 0 out of 10. SHW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SHW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 325.21, a Stop Loss order could be placed below this zone.
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310.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 320.85 to 325.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 313.50 to 313.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 327.92 to 334.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @341.02 from a horizontal line in the daily time frame.
- Resistance @346.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 353.66 to 354.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @360.69 from a trend line in the weekly time frame.
- Resistance @372.94 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for SHW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHW is down. |
| ChartMill Relative Strength | 31.16 | NEUTRAL | SHW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHW is below a declining 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) | 44.42 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SHW has a positive trend. |
| Stochastics (14,3) | 38.71 | NEUTRAL | The Stochastics value for SHW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for SHW suggests low volalility. |
| Average Directional Index/ADX (14) | 15.99 | NEGATIVE | The low ADX value for SHW suggests a weak or negative trend. |
326.16
+0.93 (+0.29%)
SHERWIN-WILLIAMS CO/THE / SHW FAQ
Can you provide the ChartMill technical rating for SHERWIN-WILLIAMS CO/THE?
ChartMill assigns a technical rating of 0 / 10 to SHW.
What is the trend direction for 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 44.42. 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 0.191523, indicating a bearish trend.
Can you provide the support and resistance levels for SHERWIN-WILLIAMS CO/THE?
SHERWIN-WILLIAMS CO/THE (SHW) has a support level at 325.21 and a resistance level at 327.92. Check the full technical report for our detailed analysis of SHW support and resistance levels.