SHERWIN-WILLIAMS CO/THE (SHW) Technical Analysis
NYSE:SHW • US8243481061
Current stock price
SHW Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SHW. SHW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, SHW is a bad performer in the overall market: 82% of all stocks are doing better.
- SHW is one of the lesser performing stocks in the Chemicals industry. 79% of 82 stocks in the same industry do better.
- SHW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SHW has a been trading in the 310.61 - 350.59 range, which is quite wide. It is currently trading near the lows of this range.
- SHW has an average volume of 1703780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
SHW Weekly and Daily overview Charts
SHW Setup Rating and Analysis
SHW has a poor technical rating and the quality of the setup is also not perfect 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
SHW Support and Resistance Analysis
300.48
We found 1 important support area.
- A support zone ranging from 303.52 to 303.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 330.69 to 333.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 339.40 to 345.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 363.62 to 372.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
SHW Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for SHW is down. |
| ChartMill Relative Strength | 18.99 | NEGATIVE | SHW has a low relative strength, it was outperformed by 81.01% off all stocks 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) | 40.38 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.86 | NEGATIVE | The MACD value suggests SHW has a negative trend. |
| Stochastics (14,3) | 15.47 | OVERSOLD | The low Stochastics value suggests SHW may be oversold. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for SHW suggests some volalility. |
| Average Directional Index/ADX (14) | 16.3 | NEGATIVE | The low ADX value for SHW suggests a weak or negative trend. |
SHW Chart- and CandleStick Pattern Analysis
SHW Technicals: Chart, Performance Metrics, Trend & Indicators
318
-3.61 (-1.12%)
SHERWIN-WILLIAMS CO/THE / SHW TA 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 current trend direction of SHERWIN-WILLIAMS CO/THE (SHW) stock?
The current trend direction for SHERWIN-WILLIAMS CO/THE (SHW) is Bearish.
What is the RSI signal for SHW stock?
SHERWIN-WILLIAMS CO/THE (SHW) has an RSI value of 40.3807. This indicates that the stock is currently neutral.
What is the short term momentum for SHERWIN-WILLIAMS CO/THE (SHW) stock?
The short term momentum for SHERWIN-WILLIAMS CO/THE (SHW) is negative.
What is the support and resistance level for SHW stock?
SHERWIN-WILLIAMS CO/THE (SHW) has a support level at 303.52 and a resistance level at 330.69. Check the full technical report for our detailed analysis of SHW support and resistance levels.