SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
NYSE:SHW - New York Stock Exchange, Inc. - US8243481061 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to SHW. SHW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
SHW has an average volume of 1507030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 45% of all stocks.
SHW is part of the Chemicals industry. There are 85 other stocks in this industry, SHW did better than 60% 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.
In the last month SHW has a been trading in the 329.14 - 359.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SHW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 336.90, a Stop Loss order could be placed below this zone.
More info and screens
319.08
401.38
We found 3 important support areas.
- A support zone ranging from 336.87 to 336.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @322.30 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 347.59 to 365.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @397.41 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 | NEUTRAL | NEUTRAL | The long term trend for SHW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHW is neutral. |
| ChartMill Relative Strength | 45.96 | NEUTRAL | SHW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SHW is above 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) | 47.67 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests SHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.3 | NEUTRAL | The Stochastics value for SHW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SHW suggests some volalility. |
| Average Directional Index/ADX (14) | 16.14 | 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)
345.93
-5.9 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.68%
1 Week-2.28%
2 Weeks1.19%
1 Month-3.14%
3 Month2.72%
6 Month4.78%
12 Month8.66%
2 Year25.11%
3 Year42.98%
5 Year60.17%
10 Year273.63%
15 Year1400.78%
Volatility
ATR(14)7.4
ATR(20)%2.19%
ATR Inc-14.36%
Range Today3.61
ADR(20)6.99
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.96
Mansfield-1.01
10 Day High359.38
10 Day Low341
20 Day High359.38
20 Day Low329.14
52 Week High400.42
52 Week Low308.84
CS1 End336.9
CR1 Start347.59
Volume & EV
DER(3)0.69%
DER(5)1.31%
Volume1.04M
Volume Incr1.15%
Vol(5)1.58M
Vol(50)1.51M