SHERWIN-WILLIAMS CO/THE (SHW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SHW - US8243481061 - Common Stock
Taking everything into account, SHW scores 0 out of 10 in our technical rating. SHW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SHW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 328.68, a Stop Loss order could be placed below this zone.
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310.37
We found 3 important support areas.
- Strong support @328.68 from a horizontal line in the weekly time frame.
- Support @322.30 from a horizontal line in the daily time frame.
- A support zone ranging from 313.50 to 313.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 330.16 to 341.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @346.60 from a horizontal line in the daily time frame.
- Resistance @353.66 from a horizontal line in the daily time frame.
- Resistance @362.63 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 | DOWN | NEGATIVE | The long term trend for SHW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHW is down. |
| ChartMill Relative Strength | 23.43 | NEGATIVE | SHW has a low relative strength, it was outperformed by 76.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHW is below 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) | 43.7 | NEUTRAL | The RSI value for SHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests SHW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.26 | NEUTRAL | The Stochastics value for SHW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for SHW suggests low volalility. |
| Average Directional Index/ADX (14) | 16.48 | NEGATIVE | The low ADX value for SHW suggests a weak or negative trend. |
328.69
-0.61 (-0.19%)
SHERWIN-WILLIAMS CO/THE / SHW FAQ
Can you provide the ChartMill technical rating for SHERWIN-WILLIAMS CO/THE?
ChartMill assigns a technical rating of 0 / 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 43.703. 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 -0.952518, 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 328.68 and a resistance level at 330.16. Check the full technical report for our detailed analysis of SHW support and resistance levels.