Sherwin Williams LongSherwin Williams has printed a Double Bottom set up on the Daily Chart. Ideal target is to the neckline.
SHW
shw stock buy limitwe can but entry level at this point , we must put the stop under the support shown in the graph
SHW Long OpportunitySHW has just over 13 days lost 20%. With earnings season coming up and SHW's full-year Zacks Consensus Estimates are calling for earnings of $9.48 per share and revenue of $21.88 billion. These results would represent year-over-year changes of +16.32% and +9.68%, respectively. Quite a high bar. According to our modelling the stock will be taking a breather going into earnings with some upside potential.
Sherwin-Williams Company (SHW) for SHORT Signals
Position: short Entry price: 286
Target: 272 SL: 275
Indicators
RSI is reversing from a position of overbought: good time for a short
DMI - is reversing indicating a bearish trend
Both Keltner channel and Bollinger bands indicate a strong trend
Pattern
The price is bouncing between the support and the resistance lines and the bearish trend has been confirmed
Conclusions
SWH develops, manufactures, distributes and sells paint, coatings and related products to professional, industrial, commercial and retail customers. Mostly based in the US.
The number of of new residential sales has been decreasing since May 2020 in the US. The fundamentals of the company, the Q2 earnings released today and the candles themselves cannot carry to break the resistance.
Symmetrical Triangle Forming in Sherwin-Williams NYSE:SHW is forming a symmetrical triangle. This is a name with lots of momentum as it has been going up consistently for the past few months. Look for long entries with more reward than risk. First target would be previous highs, 2nd target is all time highs. Refer to the stop loss level in the chart.
Materials Sector Stocks Are Still Making Higher-Highs: SHWWhile many stocks are rapidly falling, large number of stocks in the Materials sector are not doing badly. Sherwin William (SHW) is a typical example. The stock price recently made higher-high and a pullback to value zone might worth waiting for before buying the stock...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$SHW Sherwin-Williams Long Term Bull Flag Breakout$SHW appears to be breaking out of a long term bull flag
Medium term target $421 possible by mid-July ER
Longer term target $435 (retest of ATH) by Sept-Oct
Idea credit to Adam Miller ( @SupplyTractor ) for directing me to this stock
6.14.2017 Trade Idea: SHWIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
Sherwin Williams Head and ShouldersSherwin Williams might be setting up for a classic head and shoulders Price has already broken the $260 neckline. If it closes today (12/221/15) below the $260 it will likely be sign that the bears have won and this brief rally since October is finished. Look for support around previous support of $235-$230 area
