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

May 18, 2023, 10:45 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SHW

• Buy SHW slightly over 228.30 target 251.50 stop loss @ 227.64 Details

The technical summary data tells us to buy SHW near 228.30 with an upside target of 251.50. This data also tells us to set a stop loss @ 227.64 to protect against excessive loss in case the stock begins to move against the trade. 228.30 is the first level of support below 230.57 , and by rule, any test of support is a buy signal. In this case, support 228.30 is being tested, a buy signal would exist.

• Short SHW slightly under 251.50, target 228.30, stop loss @ 252.23 Details

The technical summary data is suggesting a short of SHW as it gets near 251.50 with a downside target of 228.30. We should have a stop loss in place at 252.23though. 251.50 is the first level of resistance above 230.57, and by rule, any test of resistance is a short signal. In this case, if resistance 251.50 is being tested, a short signal would exist.

Swing Trading Plans for SHW

• Buy SHW slightly over 251.50, target n/a, Stop Loss @ 250.77 Details

If 251.50 begins to break higher, the technical summary data tells us to buy SHW just slightly over 251.50, with an upside target of n/a. The data also tells us to set a stop loss @ 250.77 in case the stock turns against the trade. 251.50 is the first level of resistance above 230.57, and by rule, any break above resistance is a buy signal. In this case, 251.50, 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 251.50, target 228.33, Stop Loss @ 252.23. Details

The technical summary data is suggesting a short of SHW if it tests 251.50 with a downside target of 228.33. We should have a stop loss in place at 252.23 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, 251.50, 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 251.50, target n/a, Stop Loss @ 250.91 Details

If 251.50 begins to break higher, the technical summary data tells us to buy SHW just slightly over 251.50, with an upside target of n/a. The data also tells us to set a stop loss @ 250.91 in case the stock turns against the trade. 251.50 is the first level of resistance above 230.57, and by rule, any break above resistance is a buy signal. In this case, 251.50, 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 251.50, target 228.33, Stop Loss @ 252.09. Details

The technical summary data is suggesting a short of SHW if it tests 251.50 with a downside target of 228.33. We should have a stop loss in place at 252.09 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, 251.50, 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 May 18:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	205.32
P2	222.17	223.35	228.30
P3	226.03	228.33	251.50

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.