SHERWIN-WILLIAMS CO. - 1H - Technical analysis published on 07/11/2022 (GMT)
- 277
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 239.99 USD
My targets
246.55 USD (+1.77%)
263.43 USD (+8.74%)
My analysis
The basic bullish trend is very strong on SHERWIN-WILLIAMS CO. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 239.99 USD. Crossing the first resistance at 246.55 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 263.43 USD as an objective. Crossing it would then enable buyers to target 278.31 USD. Caution, a return to below 239.99 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SHERWIN-WILLIAMS CO. rating 242.26 USD. The price registered an increase of +1.67% on the session and was between 236.01 USD and 243.66 USD. This implies that the price is at +2.65% from its lowest and at -0.57% from its highest.236.01
243.66
242.26
Here is a more detailed summary of the historical variations registered by SHERWIN-WILLIAMS CO.:
Technical
A technical analysis in 1H of this SHERWIN-WILLIAMS CO. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 226.07 | 232.69 | 239.99 | 242.26 | 246.55 | 263.43 | 278.31 |
| Change (%) | -6.68% | -3.95% | -0.94% | - | +1.77% | +8.74% | +14.88% |
| Change | -16.19 | -9.57 | -2.27 | - | +4.29 | +21.17 | +36.05 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 232.91 | 234.54 | 236.41 | 238.04 | 239.91 | 241.54 | 243.41 |
| Camarilla | 237.33 | 237.65 | 237.97 | 238.29 | 238.61 | 238.93 | 239.25 |
| Woodie | 233.04 | 234.60 | 236.54 | 238.10 | 240.04 | 241.60 | 243.54 |
| Fibonacci | 234.54 | 235.87 | 236.70 | 238.04 | 239.37 | 240.20 | 241.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.42 | 222.70 | 230.49 | 238.77 | 246.56 | 254.84 | 262.63 |
| Camarilla | 233.87 | 235.34 | 236.82 | 238.29 | 239.76 | 241.24 | 242.71 |
| Woodie | 214.19 | 222.58 | 230.26 | 238.65 | 246.33 | 254.72 | 262.40 |
| Fibonacci | 222.70 | 228.84 | 232.63 | 238.77 | 244.91 | 248.70 | 254.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.23 | 174.72 | 199.32 | 238.81 | 263.41 | 302.90 | 327.50 |
| Camarilla | 206.29 | 212.16 | 218.04 | 223.91 | 229.79 | 235.66 | 241.54 |
| Woodie | 127.78 | 171.00 | 191.87 | 235.09 | 255.96 | 299.18 | 320.05 |
| Fibonacci | 174.72 | 199.21 | 214.33 | 238.81 | 263.30 | 278.42 | 302.90 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.17 | |
| MACD (12,26,9): | 1.2700 | |
| Directional Movement: | 15.93 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 241.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 236.61 | |
| Elder Ray (13): | 1.54 | |
| Super Trend (3,10): | 236.09 | |
| Zig ZAG (10): | 241.82 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 74.29 | |
| TEMA (21): | 241.05 | |
| Williams %R (14): | -25.15 | |
| Chande Momentum Oscillator (20): | 2.32 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.52 |
| MA7: | 237.71 | |
| MA20: | 231.14 | |
| MA50: | 253.97 | |
| MA100: | 253.96 | |
| MAexp7: | 241.13 | |
| MAexp20: | 239.95 | |
| MAexp50: | 236.80 | |
| MAexp100: | 235.79 | |
| Price / MA7: | +1.91% | |
| Price / MA20: | +4.81% | |
| Price / MA50: | -4.61% | |
| Price / MA100: | -4.61% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +0.96% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +2.74% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
The last news published on SHERWIN-WILLIAMS CO. at the time of the generation of this analysis was as follows:
- Sherwin-Williams to Announce Second Quarter 2022 Financial Results on July 27, 2022
- Sherwin-Williams Issues 2021 Sustainability Report
- Sherwin-Williams to Acquire German Industrial Coatings Company, Gross & Perthun GmbH
- Sherwin-Williams to Hold Financial Community Presentation on June 8, 2022
- The Sherwin-Williams Foundation and The Urban League of Greater Cleveland Partner to Foster Economic Inclusion for Minority-Owned Construction Companies
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SHERWIN-WILLIAMS CO. - 1H