Sherwin-Williams Company (The) Stock Forecast
Sherwin-Williams Company (The) stock price down 0.385% on Tuesday
(Updated on Jul 02, 2024)
The Sherwin-Williams Company (The) stock price fell by -0.385% on the last day (Tuesday, 2nd Jul 2024) from $295.79 to $294.65. During the last trading day the stock fluctuated 1.40% from a day low at $292.33 to a day high of $296.42. The price has fallen in 6 of the last 10 days and is down by -2.71% for this period. Volume has increased on the last day by 545 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $501.47 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.95% during the next 3 months and, with a 90% probability hold a price between $262.38 and $284.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SHW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 0.92%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sherwin-Williams Company (The) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $296.85 and $302.68. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sherwin-Williams Company (The) stock
Sherwin-Williams Company (The) finds support from accumulated volume at $293.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.09 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sherwin-Williams Company (The) to open at $294.47, and during the day (based on 14 day Average True Range), to move between $289.00 and $300.30, which gives a possible trading interval of +/-$5.65 (+/-1.92%) up or down from last closing price. If Sherwin-Williams Company (The) takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $293.11 (0.52%) than the resistance at $301.26 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sherwin-Williams Company (The) stock A Buy?
Sherwin-Williams Company (The) holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.755 Sell Candidate Unchanged
Predicted Opening Price for Sherwin-Williams Company (The) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $294.47 ( 0.0622%) | $294.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 298.56 | 1.33% |
| R2 | 296.99 | 0.796% |
| R1 | 296.03 | 0.468% |
| Price | 294.65 | |
| S1 | 292.90 | -0.592% |
| S2 | 291.94 | -0.92% |
| S3 | 290.38 | -1.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 303.80 | 3.11% |
| R2 | 302.36 | 2.62% |
| R1 | 301.26 | 2.24% |
| Price | 294.65 | |
| S1 | 293.11 | -0.523% |
| S2 | 291.95 | -0.92% |
| S3 | 0 | - |
SHW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 07, 2024 | $0.715 | 0.245% |
| 2 | Feb 14, 2024 | Feb 23, 2024 | Mar 08, 2024 | $0.715 | 0.210% |
| 3 | Oct 17, 2023 | Nov 16, 2023 | Dec 08, 2023 | $0.610 | 0.210% |
| 4 | Jul 19, 2023 | Aug 17, 2023 | Sep 08, 2023 | $0.605 | 0.223% |
| 5 | Apr 19, 2023 | May 18, 2023 | Sep 08, 2023 | $0.605 | 0.223% |
FAQ
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