SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
NYSE:SHW • US8243481061
We assign a technical rating of 8 out of 10 to SHW. Although SHW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- 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.
- SHW has an average volume of 1797860 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 49% of all stocks.
- SHW is part of the Chemicals industry. There are 83 other stocks in this industry, SHW did better than 42% of them.
- In the last month SHW has a been trading in the 342.00 - 377.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SHW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 361.37, a Stop Loss order could be placed below this zone.
More info and screens
310.37
We found 5 important support areas.
- A support zone ranging from 352.65 to 361.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 342.94 to 346.97. 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 324.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @313.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 365.40 to 368.83. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 49.35 | 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) | 56.87 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.98 | NEGATIVE | The MACD value suggests SHW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.04 | NEUTRAL | The Stochastics value for SHW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for SHW suggests some volalility. |
| Average Directional Index/ADX (14) | 28.31 | POSITIVE | The high ADX value value for SHW suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 368.84 | 356.80 | 12.04 (3.26%) | 25.00% |
| An entry @368.84. This is a Buy Stop order right above the resistance zone. | An exit @356.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.04 points, which is 3.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
364.73
+0.46 (+0.13%)
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 56.8723. 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 -0.979501, 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.