How the price action of Sherwin-williams Company (the) ($SHW) is used to our Advantage
November 17, 2023, 07:30 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SHW
- Buy SHW slightly over 259.66 target 279.62 stop loss @ 258.91 Details
The technical summary data tells us to buy SHW near 259.66 with an upside target of 279.62. This data also tells us to set a stop loss @ 258.91 to protect against excessive loss in case the stock begins to move against the trade. 259.66 is the first level of support below 269.3 , and by rule, any test of support is a buy signal. In this case, support 259.66 is being tested, a buy signal would exist.
- Short SHW slightly under 279.62, target 259.66, stop loss @ 280.43 Details
The technical summary data is suggesting a short of SHW as it gets near 279.62 with a downside target of 259.66. We should have a stop loss in place at 280.43though. 279.62 is the first level of resistance above 269.3, and by rule, any test of resistance is a short signal. In this case, if resistance 279.62 is being tested, a short signal would exist.
Swing Trading Plans for SHW
- Buy SHW slightly over 271.7, target 279.62, Stop Loss @ 270.92 Details
If 271.7 begins to break higher, the technical summary data tells us to buy SHW just slightly over 271.7, with an upside target of 279.62. The data also tells us to set a stop loss @ 270.92 in case the stock turns against the trade. 271.7 is the first level of resistance above 269.3, and by rule, any break above resistance is a buy signal. In this case, 271.7, 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 271.7, target 264.1, Stop Loss @ 272.48. Details
The technical summary data is suggesting a short of SHW if it tests 271.7 with a downside target of 264.1. We should have a stop loss in place at 272.48 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, 271.7, 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 271.7, target 274.82, Stop Loss @ 271.07 Details
If 271.7 begins to break higher, the technical summary data tells us to buy SHW just slightly over 271.7, with an upside target of 274.82. The data also tells us to set a stop loss @ 271.07 in case the stock turns against the trade. 271.7 is the first level of resistance above 269.3, and by rule, any break above resistance is a buy signal. In this case, 271.7, 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 271.7, target 268.36, Stop Loss @ 272.33. Details
The technical summary data is suggesting a short of SHW if it tests 271.7 with a downside target of 268.36. We should have a stop loss in place at 272.33 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, 271.7, 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 November 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
239.81 |
| P2 |
268.36 |
264.1 |
259.66 |
| P3 |
274.82 |
271.7 |
279.62 |
AI Generated Signals for SHW
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Sherwin-williams Company (the) (NYSE: SHW) data table below can help you with price action, and we have more details too. Trading plans for SHW are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SHW:
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