Sherwin-williams $SHW Trading Report

November 07, 2023, 22:15 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SHW

• Buy SHW slightly over 240.06 target 259.17 stop loss @ 239.37 Details

The technical summary data tells us to buy SHW near 240.06 with an upside target of 259.17. This data also tells us to set a stop loss @ 239.37 to protect against excessive loss in case the stock begins to move against the trade. 240.06 is the first level of support below 251.99 , and by rule, any test of support is a buy signal. In this case, support 240.06 would be being tested, so a buy signal would exist.

• Short SHW slightly under 259.17, target 240.06, stop loss @ 259.92 Details

The technical summary data is suggesting a short of SHW as it gets near 259.17 with a downside target of 240.06. We should have a stop loss in place at 259.92though. 259.17 is the first level of resistance above 251.99, and by rule, any test of resistance is a short signal. In this case, if resistance 259.17 is being tested, so a short signal would exist.

Swing Trading Plans for SHW

• Buy SHW slightly over 259.17, target 278.62, Stop Loss @ 258.42 Details

If 259.17 begins to break higher, the technical summary data tells us to buy SHW just slightly over 259.17, with an upside target of 278.62. The data also tells us to set a stop loss @ 258.42 in case the stock turns against the trade. 259.17 is the first level of resistance above 251.99, and by rule, any break above resistance is a buy signal. In this case, 259.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHW slightly near 259.17, target 242.38, Stop Loss @ 259.92. Details

The technical summary data is suggesting a short of SHW if it tests 259.17 with a downside target of 242.38. We should have a stop loss in place at 259.92 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 259.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SHW

• Buy SHW slightly over 259.17, target 278.62, Stop Loss @ 258.57 Details

If 259.17 begins to break higher, the technical summary data tells us to buy SHW just slightly over 259.17, with an upside target of 278.62. The data also tells us to set a stop loss @ 258.57 in case the stock turns against the trade. 259.17 is the first level of resistance above 251.99, and by rule, any break above resistance is a buy signal. In this case, 259.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHW slightly near 259.17, target 247.74, Stop Loss @ 259.77. Details

The technical summary data is suggesting a short of SHW if it tests 259.17 with a downside target of 247.74. We should have a stop loss in place at 259.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 259.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Sherwin-williams (SHW) available here: SHW.

SHW Ratings for November 07:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	240.06
P2	238.47	231.26	259.17
P3	247.74	242.38	278.62

AI Generated Signals for SHW

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Trading or Investing in Sherwin-williams (NYSE: SHW) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SHW change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SHW is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SHW too.  All of these are offered below the Summary Table.