When the Price of Sherwin-williams $SHW Talks, People Listen

March 21, 2023, 14:15 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SHW

• Buy SHW slightly over 206.05 target 227.92 stop loss @ 205.45 Details

The technical summary data tells us to buy SHW near 206.05 with an upside target of 227.92. This data also tells us to set a stop loss @ 205.45 to protect against excessive loss in case the stock begins to move against the trade. 206.05 is the first level of support below 218.06 , and by rule, any test of support is a buy signal. In this case, support 206.05 would be being tested, so a buy signal would exist.

• Short SHW slightly under 227.92, target 206.05, stop loss @ 228.58 Details

The technical summary data is suggesting a short of SHW as it gets near 227.92 with a downside target of 206.05. We should have a stop loss in place at 228.58though. 227.92 is the first level of resistance above 218.06, and by rule, any test of resistance is a short signal. In this case, if resistance 227.92 is being tested, so a short signal would exist.

Swing Trading Plans for SHW

• Buy SHW slightly over 218.35, target 227.92, Stop Loss @ 217.72 Details

If 218.35 begins to break higher, the technical summary data tells us to buy SHW just slightly over 218.35, with an upside target of 227.92. The data also tells us to set a stop loss @ 217.72 in case the stock turns against the trade. 218.35 is the first level of resistance above 218.06, and by rule, any break above resistance is a buy signal. In this case, 218.35, 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 218.35, target 210.99, Stop Loss @ 218.98. Details

The technical summary data is suggesting a short of SHW if it tests 218.35 with a downside target of 210.99. We should have a stop loss in place at 218.98 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, 218.35, 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 218.35, target 220.60, Stop Loss @ 217.84 Details

If 218.35 begins to break higher, the technical summary data tells us to buy SHW just slightly over 218.35, with an upside target of 220.60. The data also tells us to set a stop loss @ 217.84 in case the stock turns against the trade. 218.35 is the first level of resistance above 218.06, and by rule, any break above resistance is a buy signal. In this case, 218.35, 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 218.35, target 217.29, Stop Loss @ 218.86. Details

The technical summary data is suggesting a short of SHW if it tests 218.35 with a downside target of 217.29. We should have a stop loss in place at 218.86 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, 218.35, 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 March 21:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	206.05
P2	217.29	210.99	227.92
P3	220.60	218.35	250.30

AI Generated Signals for SHW

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Sherwin-williams (NYSE: SHW) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for SHW can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.