When Sherwin-williams (SHW) Moves Investors should Listen
February 11, 2023, 00:45 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SHW
- Buy SHW slightly over 226.22 target 250.09 stop loss @ 225.57 Details
The technical summary data tells us to buy SHW near 226.22 with an upside target of 250.09. This data also tells us to set a stop loss @ 225.57 to protect against excessive loss in case the stock begins to move against the trade. 226.22 is the first level of support below 230.49 , and by rule, any test of support is a buy signal. In this case, support 226.22 is being tested, a buy signal would exist.
- Short SHW slightly under 250.09, target 226.22, stop loss @ 250.81 Details
The technical summary data is suggesting a short of SHW as it gets near 250.09 with a downside target of 226.22. We should have a stop loss in place at 250.81though. 250.09 is the first level of resistance above 230.49, and by rule, any test of resistance is a short signal. In this case, if resistance 250.09 is being tested, a short signal would exist.
Swing Trading Plans for SHW
- Buy SHW slightly over 244.32, target 250.09, Stop Loss @ 243.61 Details
If 244.32 begins to break higher, the technical summary data tells us to buy SHW just slightly over 244.32, with an upside target of 250.09. The data also tells us to set a stop loss @ 243.61 in case the stock turns against the trade. 244.32 is the first level of resistance above 230.49, and by rule, any break above resistance is a buy signal. In this case, 244.32, 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 244.32, target 229.54, Stop Loss @ 245.03. Details
The technical summary data is suggesting a short of SHW if it tests 244.32 with a downside target of 229.54. We should have a stop loss in place at 245.03 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, 244.32, 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 231.83, target 235.45, Stop Loss @ 231.29 Details
If 231.83 begins to break higher, the technical summary data tells us to buy SHW just slightly over 231.83, with an upside target of 235.45. The data also tells us to set a stop loss @ 231.29 in case the stock turns against the trade. 231.83 is the first level of resistance above 230.49, and by rule, any break above resistance is a buy signal. In this case, 231.83, 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 231.83, target 229.54, Stop Loss @ 232.37. Details
The technical summary data is suggesting a short of SHW if it tests 231.83 with a downside target of 229.54. We should have a stop loss in place at 232.37 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, 231.83, 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 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
202.50 |
| P2 |
231.83 |
229.54 |
226.22 |
| P3 |
235.45 |
244.32 |
250.09 |
AI Generated Signals for SHW
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Sherwin-williams (NYSE: SHW) report below is a real world example. Included are trading plans for SHW, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SHW:
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