SHW stock: buy or sell
Jan 18th, 2021
SHW stock brief
- Sherwin-Williams closed last Friday at $725.55 after slightly moving a 0.94%.
- The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers.
Should I buy Sherwin-Williams stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SHW stock a buy?
In the current situation of Sherwin-Williams there is just one buy setup eligible:
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that shares price doesn't have upper resistances, and usually it rises rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Sherwin-Williams can break to ATH any time soon, as it only needs to rise a 4.28%. The buy point is at $756.60 if you want to trade with this strategy. Set your stop-loss at $682.02
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$756.60||$682.02||9.86%|
Should I sell Sherwin-Williams stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid rash decisions based on our sentiments or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to use and are only applicable for selling stocks you already own, not for shorting $SHW stock
A golden rule is that you should not mantain an open trade that yields higher than expected losses at the time of the buy. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Sherwin-Williams stock?
In the current situation of Sherwin-Williams there is not any eligible sell setup, so Sherwin-Williams stock holders with operations in green can keep their positions
We don't have any rating published in the last 30 days for Sherwin-Williams
Sherwin-Williams stock analysis
Supports and resistances
The current resistances are:
The current support levels are:
The current range between the upper and lower bands is 3.03%, which means that price volatility is at very low levels. The compression of the Bollinger bands is frequently a signal of a sudden price movement (up or down), so we must be on alert and manage our buy or sell orders appropiately
Relative strength index
When the fluctuates for so long below 70 and above 30, without indicating moments of overbought and oversold, the indicator turns out to be of little use, and we find ourselves in one of these cases.
Sherwin-Williams stock price history
Sherwin-Williams went public on Mar 17th, 1980 priced at $0.00 per share1. Since then, SHW stock surged by -, with an average of 0.00% per year. An investment of $1,000USD at that time would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Sherwin-Williams stock
Nobody knows how much a share will be priced in the future. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions posted by brokerage institutions in the last 30 days. Again, these predictions are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price published in the previous 30 days for Sherwin-Williams.
Earnings and financials
Sherwin-Williams ($SHW) had the earnings event and released the report last October. SHW surpassed Wall St estimates and presented of $8.29, that is a 6.97% surprise compared to the forecasts of $7.75. Despite this, reported revenues of $5.1 billion were in line with market estimates.For comparison, the EPS for the same quarter last year was $6.65, so posted EPS means a gain of 24.66%. Looking at turnover, figures inched a 5.23% compared to $48.7B same quarter last year.
SHW ($SHW) is releasing Q4 financial report on Thursday next week. Market expects of $4.84, compared to Q3 that was $8.29.
Disclaimer:The comments written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not know the specific circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for informational motives only
|Friday, January 15th, 2021|
|Day range||$712.09 - $728.57|
|Average true range||$15.18|
|50d mov avg||$725.84|
|100d mov avg||$707.22|
|200d mov avg||$639.91|
|Earnings date||January 28th, 2021|