Buy Sherwin-Williams | NYSE SHW | Naranj Capital

 BUY   Sherwin-Williams (NYSE: SHW)

Sherwin-Williams (NYSE: SHW) STOCK RECOMMENDATION

Idea BUY
Buy Range 366 – 371
Target 385 – 390
StopLoss* below 360
Duration 14-15 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 366 – 371 385 – 390 below 360 14-15 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Sherwin-Williams (NYSE: SHW) STOCK OVERVIEW

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.

Stock Data
NYSE Symbol SHW
Sectoral Index Building Materials
52 Weeks High 371.19
52 Weeks Low 232.06

Sherwin-Williams (NYSE: SHW) - RELATIVE STRENGTH

SHW-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Sherwin-Williams —     NYSE —

Sherwin-Williams (NYSE: SHW) - DAILY TECHNICAL ANALYSIS

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

SHW-RSI
Sherwin-Williams (NYSE: SHW) - RSI
  • Current RSI of this stock is 69.50, which indicates the strength of buyers.

Sherwin-Williams (NYSE: SHW) - EMA CROSS

Sherwin-Williams (NYSE: SHW) - EMA Cross
  • 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.

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

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

CONCLUSION - Sherwin-Williams (NYSE: SHW) STOCK PRICE FORECAST

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

Sherwin-Williams (NYSE: SHW) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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