Buy Sherwin-Williams | NYSE – SHW | Short Term Trading Advice | Building Materials Sector | 11th Sep 2024 | Expected Gain 5% – 6%

Stock Market
NYSE, United States of America

Target hit. Trade closed.

11 Sep 2024
26 Sep 2024
26 Sep 2024
12 days
Loss per
100,000 USD
Stop-loss
360
Buy Advice
11 Sep 2024
366 – 371
Target 1
26 Sep 2024
385
Target 2
26 Sep 2024
390
Profit per
100,000 USD
12 days
5,246
360
366 – 371
385
390
5,246
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Sherwin-Williams
  • 366 – 371
  • 385 – 390
  • Below 360
  • 5% – 6%
  • 14 - 15 Days
  • Buy Sherwin-Williams
  • Buy
    Range
    366 – 371
  • Target 385 – 390
  • Stoploss Below 360
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Sherwin-Williams (NYSE: SHW) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • SHW
  • Sherwin-Williams
  • Building Materials
  • 371.19
  • 232.06
  • NYSE code SHW
  • Stock Name Sherwin-Williams
  • Sector Building Materials
  • 52 Weeks High 371.19
  • 52 Weeks Low 232.06
  • Company profile

    Sherwin-Williams Company focuses on creating, manufacturing, distributing, and selling paints and coatings for various customers, including professionals and retailers. It has three main segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group provides architectural paints, protective products, and finishes for contractors and DIY homeowners. The Consumer Brands Group offers a range of branded and private-label paints, stains, and adhesives to retailers and distributors. The Performance Coatings Group specializes in industrial coatings for wood, automotive refinishing, and other applications. The company operates mainly in the Americas, Europe, Asia, and Australia and was founded in 1866, with its headquarters in Cleveland, Ohio.

  • Sherwin-Williams (NYSE: SHW) vs NYSE - Relative Strength Comparison

    The image showcases Sherwin-Williams's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    SHW —   NYSE —

  • Sherwin-Williams (NYSE: SHW) - Technical Analysis (Daily)

    Sherwin-Williams - Technical Analysis chart on Daily Price and Volume
    Sherwin-Williams - Technical Analysis chart on Daily Price and Volume

    • The stock price encountered resistance at the 283 level, which led to a decline until it found support around 235.
    • After that, the price started to rise again, returned to its previous resistance zone.
    • During this time, a Rounding Bottom pattern formed.
    • Once this pattern was broken, the price initially surged but then consolidated, creating an Ascending Triangle pattern.
    • Another breakout pushed the price close to the 350 level, where it faced significant resistance, resulted in a sharp decline.
    • Eventually, the price found support near 283 and began to rise again.
    • During this period, an Inverted Head & Shoulders pattern emerged.
    • Recently, following a breakout, the price has reached an all-time high and is expected to continue its upward trend.
  • Sherwin-Williams (NYSE: SHW) - RSI Indicator

    Sherwin-Williams stock analysis based on RSI indicator
    Sherwin-Williams - RSI indicator

    • Current RSI of this stock is 69.50, which indicates the strength of buyers.

  • Sherwin-Williams (NYSE: SHW) - ADX & DI Indicator

    Sherwin-Williams stock analysis based on ADX & DI indicator
    Sherwin-Williams - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Sherwin-Williams (NYSE: SHW) - EMA Crossover

    Sherwin-Williams stock analysis based on EMA Crossover
    Sherwin-Williams - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Sherwin-Williams (NYSE: SHW) Stock Price Forcast

    Based on our positional trading picks in USA stocks, Sherwin-Williams stock price target will be USD 385 - USD 390 in the next 14-15 trading sessions.

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