Sherwin-williams $SHW Technical Update
The Sherwin-williams (NYSE: SHW) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SHW, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
Term → | Near | Mid | Long |
---|---|---|---|
Rating | Strong | Strong | Neutral |
P1 | 423.96 | 369.56 | 347.58 |
P2 | 432.73 | 405.63 | 406.26 |
P3 | 442.25 | 440.45 | 462.35 |
Support and Resistance Plot Chart for SHW
Long Term Trading Plans for SHW
February 16, 2019, 3:00 pm ET
The Technical Summary and Trading Plans for SHW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SHW Report.
SHW - (Long) Support Plan
The technical summary data tells us to buy SHW near 406.26 with an upside target of 462.35. This data also tells us to set a stop loss @ 406 to protect against excessive loss in case the stock begins to move against the trade. 406.26 is the first level of support below 439.18 , and by rule, any test of support is a buy signal. In this case, support 406.26 is being tested, a buy signal would exist.
SHW - (Short) Resistance Plan
The technical summary data is suggesting a short of SHW as it gets near 462.35 with a downside target of 406.26. We should have a stop loss in place at 462.61 though. 462.35 is the first level of resistance above 439.18, and by rule, any test of resistance is a short signal. In this case, if resistance 462.35 is being tested, a short signal would exist.