Learn to Evaluate Sherwin-williams (SHW) using the Charts
February 01, 2023, 10:00 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SHW
- Buy SHW slightly over 209.08 target 237.88 stop loss @ 208.48 Details
The technical summary data tells us to buy SHW near 209.08 with an upside target of 237.88. This data also tells us to set a stop loss @ 208.48 to protect against excessive loss in case the stock begins to move against the trade. 209.08 is the first level of support below 237.8 , and by rule, any test of support is a buy signal. In this case, support 209.08 is being tested, a buy signal would exist.
- Short SHW slightly under 237.88, target 209.08, stop loss @ 238.57 Details
The technical summary data is suggesting a short of SHW as it gets near 237.88 with a downside target of 209.08. We should have a stop loss in place at 238.57though. 237.88 is the first level of resistance above 237.8, and by rule, any test of resistance is a short signal. In this case, if resistance 237.88 is being tested, a short signal would exist.
Swing Trading Plans for SHW
- Buy SHW slightly over 237.88, target 238.83, Stop Loss @ 237.19 Details
If 237.88 begins to break higher, the technical summary data tells us to buy SHW just slightly over 237.88, with an upside target of 238.83. The data also tells us to set a stop loss @ 237.19 in case the stock turns against the trade. 237.88 is the first level of resistance above 237.8, and by rule, any break above resistance is a buy signal. In this case, 237.88, 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 237.88, target 224.56, Stop Loss @ 238.57. Details
The technical summary data is suggesting a short of SHW if it tests 237.88 with a downside target of 224.56. We should have a stop loss in place at 238.57 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, 237.88, 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 237.88, target 238.83, Stop Loss @ 237.33 Details
If 237.88 begins to break higher, the technical summary data tells us to buy SHW just slightly over 237.88, with an upside target of 238.83. The data also tells us to set a stop loss @ 237.33 in case the stock turns against the trade. 237.88 is the first level of resistance above 237.8, and by rule, any break above resistance is a buy signal. In this case, 237.88, 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 237.88, target 235.10, Stop Loss @ 238.43. Details
The technical summary data is suggesting a short of SHW if it tests 237.88 with a downside target of 235.10. We should have a stop loss in place at 238.43 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, 237.88, 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 February 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
180.12 |
| P2 |
219.99 |
224.56 |
209.08 |
| P3 |
235.10 |
238.83 |
237.88 |
AI Generated Signals for SHW
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Sherwin-williams (NYSE: SHW) report below can help you understand how to do this. The trading plans for SHW, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SHW:
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