SHERWIN-WILLIAMS CO/THE (SHW) Technical Analysis
NYSE:SHW • US8243481061
Current stock price
SHW Technical Rating and Analysis
Overall SHW gets a technical rating of 2 out of 10. In the past year, SHW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 76% of all other stocks performed better in the past year than SHW.
- SHW is part of the Chemicals industry. There are 82 other stocks in this industry, of which 72% are performing better than SHW.
- In the last month SHW has a been trading in the 301.58 - 339.32 range, which is quite wide. It is currently trading near the high of this range.
- SHW has an average volume of 1748090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 Weekly and Daily overview Charts
SHW Setup Rating and Analysis
SHW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 339.69. Right above this resistance zone may be a good entry point.
More info and screens
SHW Support and Resistance Analysis
300.48
When analyzing the support we notice one important 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 339.69 to 342.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 363.62 to 375.24. 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 | DOWN | NEGATIVE | The long term trend for SHW is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHW is up. |
| ChartMill Relative Strength | 24.88 | NEGATIVE | SHW has a low relative strength, it was outperformed by 75.12% off all stocks 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) | 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) | 54.69 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.35 | POSITIVE | The MACD value suggests SHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.7 | OVERBOUGHT | The high Stochastics value suggests SHW may be overbought. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for SHW suggests some volalility. |
| Average Directional Index/ADX (14) | 23.69 | NEUTRAL | The ADX value for SHW suggests a possible start of a new trend. |
SHW Chart- and CandleStick Pattern Analysis
SHW Technicals: Chart, Performance Metrics, Trend & Indicators
333.6
-0.78 (-0.23%)
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 2 / 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 54.6892. 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 positive.
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 339.69. Check the full technical report for our detailed analysis of SHW support and resistance levels.