Sherwin-Williams Technical Analysis (NYSE:SHW)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Sherwin-Williams stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SHW stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Sherwin-Williams. Technical analysis uses an approach for Sherwin-Williams stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sherwin-Williams Moving Average
Moving averages show the average price of SHW stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Sherwin-Williams are mostly signals of long term trends and will help long term traders.
Sherwin-Williams Bollinger Bands
Bollinger bands comprise of a center line usually SHW SMA, and two SHW stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Sherwin-Williams bollinger bands show that the stock price is $426.12, upper band is 432.09, lower band is 392.38, and the average is 412.24.
Sherwin-Williams Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Sherwin-Williams MACD indicator can be used to identify bullish and bearish trends for the stock.
Sherwin-Williams Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 73.92 is the RSI value of SHW stock.