SHW stock: buy or sell

SHW stock price: $270.96 1.39% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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SHW stock brief

  • Sherwin-Williams inched a 1.39% after marking new highs on Wednesday
  • The price is currently over the upper Bollinger band, which is usually an indicator of a short-term correction
  • 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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 not any eligible buy setup. This doesn't mean we expect a selloff for $SHW in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Sherwin-Williams stock?

When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your benefits. Trading strategies give us the ability us to avoid impetuous decisions based on our emotions or the noise surrounding the market. When selling, as well as buying, our setups are very simple to use and are only applicable for selling shares you already own, not for shorting Sherwin-Williams stock

As a golden rule, you should never mantain an investment that results in losses greater than those expected by the time of purchase. The timing to sell shares must always be ruled 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 profit can keep their positions

Sherwin-Williams ratings

In the last month, 2 brokerage ratings were published for Sherwin-Williams

Sherwin-Williams analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
Wolfe Research
Apr 4th, 2021
Jefferies Financial Group Neutral

Sherwin-Williams stock analysis

In late March, the price broke out above the previous top at $242.94 on the downtrend started in November 2020. Since then, the price action resulted in a 11.53% gain.

$SHW at new All-time Highs

On Wednesday, Sherwin-Williams reached all-time highs (ATH) again at $271.58

SMAs overview

SHW stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistances.

The current support levels are:

  • S1: $251.58 (-7.15% below)
  • S2: $251.05 (-7.35% below)
  • S3: $248.71 (-8.21% below)
  • Bollinger bands

    Price readings above or below the Bollinger Bands mean that the price has followed a strong trend that has led to extreme highs or lows. At this point, the price is over the upper band, which should mean a possible short-term correction (at least) until it is below the band

    SHW stock Bollinger Bands chart

    Relative strength index

    Crossed over the 70 level Wednesday, with a value of 72.09. Breaking out above the level of 70 is not a sell signal, as stocks can be in the overvalued zone for many, many weeks and continue to gain

    SHW stock RSI chart

    Sherwin-Williams stock price history

    Sherwin-Williams IPO was on Mar 17th, 1980 priced at $0.00 per share1. Since then, SHW stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would have a value of $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    SHW stock price history chart

    Price target for Sherwin-Williams stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions published by brokerage institutions in the last 30 days. Again, these predictions are not direct recommendations for small investors and should not be trusted blindly.

    There is just one price target issued for Sherwin-Williams that forecasts a price of $800.00.

    Sherwin-Williams stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    Wolfe Research Not available
    Apr 4th, 2021
    Jefferies Financial Group $800.00

    Earnings and financials

    Last January, The Sherwin-Williams Company ($SHW) reported adjusted EPS for that slightly uplifted Market expectations. Quarterly EPS was $5.09 per share compared to the forecasted $4.85. This quarterly report represents an earnings surprise of 4.95%. On the contrary, the company said turnover for Q4 was $4.5 billion aligned with analysts' estimates.

    Compared to the same quarter last year, EPS was $1.42, so reported EPS means a improvement of 258.45%. Looking at sales, figures climbed a 9.10% compared to $41.1B same quarter last year.

    SHW ($SHW) will host the earnings call next Wednesday. Expected for this quarter is $1.64, compared to $5.09 that was reported for Q4.

    Sherwin-Williams performance

    SHW performance compared
    Company1m3m6m
    Sherwin-Williams ($SHW) 12.60% 10.60% 18.70%

    Please read:
    The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not know the individual conditions 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 Opinions are published for educative purposes only

    SHW summary

    Wednesday, April 21st, 2021
    Open$268.64
    Close$270.96
    Day range$268.34 - $271.58
    Previous close$267.24
    Session gain1.39%
    Average true range$7.00
    50d mov avg$242.11
    100d mov avg$241.38
    200d mov avg$232.74
    Earnings dateApril 28th, 2021

    Frequently asked questions

    What is Sherwin-Williams stock symbol?

    The Sherwin-Williams Company is a public company trading in the US stock market with the SHW symbol

    Is Sherwin-Williams stock a buy or sell?

    Sherwin-Williams received 2 ratings in the last 30 days: 0 bullish, 0 bearish and 1 neutral.

    Will SHW go up?

    Sherwin-Williams had different price predictions posted by market analysts in the last 4 weeks forecasting the target price to $800.00. That is a 195.25% than the last price ($270.96).