SHERWIN-WILLIAMS CO/THE (SHW)
US8243481061 - Common Stock
We assign a technical rating of 8 out of 10 to SHW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHW is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that SHW is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, SHW also shows a nice and consistent pattern of rising prices.
SHW is part of the Chemicals industry. There are 84 other stocks in this industry. SHW outperforms 80% of them.
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 1781070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SHW has a been trading in the 357.59 - 391.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SHW also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 388.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 381.82, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
330.55
393.29
We found 3 important support areas.
- A support zone ranging from 367.40 to 381.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 357.96 to 360.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @333.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 388.37 to 389.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.69
Mansfield0.31
10 Day High391.99
10 Day Low367.35
20 Day High391.99
20 Day Low357.59
52 Week High392.57
52 Week Low272.34
Performance
1 Week-1.32%
2 Weeks-0.18%
1 Month6.01%
3 Month6.85%
6 Month25.74%
12 Month38.97%
2 Year53.83%
3 Year15.72%
5 Year97.2%
10 Year369.64%
15 Year1790.14%
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)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)55.87
LBB369.8
UBB392.42
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 |
|---|---|---|---|
| 389.41 | 367.39 | 22.02 (5.65%) | 17.68% |
| An entry @389.41. This is a Buy Stop order right above the resistance zone. | An exit @367.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 22.02 points, which is 5.65%. | For a 1.00% total portfolio risk, you can invest 17.68% of your capital in this trade. |
- 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.
SHERWIN-WILLIAMS CO/THE
NYSE:SHW (11/21/2024, 8:04:00 PM)
After market: 383.32 0 (0%)383.32
+11.66 (+3.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.14%
1 Week-1.32%
2 Weeks-0.18%
1 Month6.01%
3 Month6.85%
6 Month25.74%
12 Month38.97%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)9.15
ATR(20)%2.09%
ATR Inc
Range Today13.94
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High391.99
10 Day Low367.35
20 Day High391.99
20 Day Low357.59
52 Week High392.57
52 Week Low272.34
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.59M
Volume Incr-34.35%
Vol(5)1.76M
Vol(50)1.78M