SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
USA - NYSE:SHW - US8243481061 - Common Stock
Overall SHW gets a technical rating of 2 out of 10. 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.
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 333.20, a Stop Loss order could be placed below this zone.
More info and screens
326.86
When analyzing the support we notice one important area.
- A support zone ranging from 330.16 to 333.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 339.05 to 347.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @353.66 from a horizontal line in the daily time frame.
- Resistance @365.20 from a trend line in the weekly time frame.
- A resistance zone ranging from 372.94 to 375.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 23.67 | NEGATIVE | SHW has a low relative strength, it was outperformed by 76.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHW is below 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) | 47.53 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests SHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.3 | NEUTRAL | The Stochastics value for SHW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SHW suggests some volalility. |
| Average Directional Index/ADX (14) | 24.34 | NEUTRAL | The ADX value for SHW suggests a possible start of a new trend. |
338.84
-5.88 (-1.71%)
SHERWIN-WILLIAMS CO/THE / SHW 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 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 47.5273. 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 0.455247, 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 333.2 and a resistance level at 339.05. Check the full technical report for our detailed analysis of SHW support and resistance levels.