When the Price of (SHW) Talks, People Listen

December 12, 2024, 07:00 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SHW

• Buy SHW near 349.42 target 377.16 stop loss @ 348.41 Details

The technical summary data tells us to buy SHW near 349.42 with an upside target of 377.16. This data also tells us to set a stop loss @ 348.41 to protect against excessive loss in case the stock begins to move against the trade. 349.42 is the first level of support below 371.94 , and by rule, any test of support is a buy signal. In this case, support 349.42 would be being tested, so a buy signal would exist.

• Short SHW slightly under 377.16, target 349.42, stop loss @ 378.25 Details

The technical summary data is suggesting a short of SHW as it gets near 377.16 with a downside target of 349.42. We should have a stop loss in place at 378.25though. 377.16 is the first level of resistance above 371.94, and by rule, any test of resistance is a short signal. In this case, if resistance 377.16 is being tested, so a short signal would exist.

Swing Trading Plans for SHW

• Buy SHW slightly over 377.16, target 380.08, Stop Loss @ 376.07 Details

If 377.16 begins to break higher, the technical summary data tells us to buy SHW just slightly over 377.16, with an upside target of 380.08. The data also tells us to set a stop loss @ 376.07 in case the stock turns against the trade. 377.16 is the first level of resistance above 371.94, and by rule, any break above resistance is a buy signal. In this case, 377.16, 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 377.16, target 370.41, Stop Loss @ 378.25. Details

The technical summary data is suggesting a short of SHW if it tests 377.16 with a downside target of 370.41. We should have a stop loss in place at 378.25 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, 377.16, 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 372.18, target 377.16, Stop Loss @ 371.31 Details

If 372.18 begins to break higher, the technical summary data tells us to buy SHW just slightly over 372.18, with an upside target of 377.16. The data also tells us to set a stop loss @ 371.31 in case the stock turns against the trade. 372.18 is the first level of resistance above 371.94, and by rule, any break above resistance is a buy signal. In this case, 372.18, 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 372.18, target 370.41, Stop Loss @ 373.05. Details

The technical summary data is suggesting a short of SHW if it tests 372.18 with a downside target of 370.41. We should have a stop loss in place at 373.05 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, 372.18, 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 Company (the) (SHW) available here: SHW.

SHW Ratings for December 12:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	349.42
P2	366.78	370.41	377.16
P3	372.18	380.08	404.1

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 Company (the) (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.