Trading Signals: SHW Stock Price Prediction and Forecast

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Tue. Jul. 25, 2023

Trading Signals: SHW Stock Price Prediction and Forecast (Tue. Apr. 12, 2016 - Fri. Oct. 27, 2023)

(Sherwin-Williams Company)
SHW latest price $275.9600 (2.96%) ($274.8800 - $282.9800) on Tue. Jul. 25, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.3% (three month average)
RSI   78
Latest Price   $275.9600(2.96%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHW advances 0.6% a day on average for past five trading days.
Weekly Trend   SHW advances 2.1% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Normal for small cap.
Correlated ETFs   Broad market will support SHW advance at 0% a week (0% probability)
XHB(75%)    PAVE(64%)    XLB(63%)    IVE(60%)    SPY(59%)
Factors Impacting SHW price   SHW will decline at least -0.65% in a week (0% probabilities).
VXX(-53%)    VIXM(-51%)    UUP(-39%)    USO(-28%)    TBT(-23%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.65% (StdDev 1.3%)
Hourly BBV 0.8 ()
Intraday Trend 0.3%

5 Day Moving Average   $269.41(2.43%)
10 Day Moving Average   $268.06(2.95%)
20 Day Moving Average   $263.9(4.57%)
To recent high   0%
To recent low   24.2%
Market Cap   $25.112b

The Sherwin-Williams Co. engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering. The Consumer Brands Group segment sells portfolios of branded and private-label products through retailers in North America and in parts of Europe, Australia, New Zealand and China, and also operates global supply chain for paint and coatings. The Performance Coating Group segment offers coatings and finishes, and sells in industrial wood, protective and marine, coil, packaging, and automotive markets. The company was founded by Henry Sherwin and Edward Williams in 1866 and is headquartered in Cleveland, OH.

$. SHW price fluctuates within 2.03% (three month std-dev: 1.3%) daily (68% of days).

Sample size 43 Average positive next day return: 1.08%(44%) Average negative next day return: -1.46%(56%) Sample size 43 Average positive next three day return: 2.29%(49%) Average negative next three day return: -3.07%(51%) Sample size 43 Average positive next weekly return: 3.4%(51%) Average negative next weekly return: -3.89%(49%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230825

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_25_2023	236.41	263.9	268.06	269.41	269.57	272.48	275.96(2.96%)	UT	HoldLong	65	1.2	253	80	269	206	4.04	71%	0.23	99	1.3%	0.8	2.3	78	1.2
2	Jul_24_2023	235.87	262.68	266.57	267.76	267.35	267.06	268.02(-0.26%)	UD	OpenLong	75	0.1	33	-10	14	88	2.28	69%	0.17	98.5	1.26%	-0.4	1	56	1.6
3	Jul_21_2023	235.46	261.68	265.53	267.72	267.47	266.66	268.73(0.9%)	N/A	N/A	0	0.2	-17	-20	-41	54	2.3	69%	0.2	83.4	1.26%	1.5	1.2	54	1.1
4	Jul_20_2023	234.99	260.59	264.26	267.38	267.67	267.63	266.33(-0.63%)	N/A	N/A	0	-0.2	-5	0	-23	49	1.26	69%	0.21	74.7	1.26%	-1.6	0.9	58	1.4
5	Jul_19_2023	234.5	259.67	263.4	267.37	267.53	268.28	268.01(0.12%)	UT	OpenLong	75	0.1	59	20	51	83	1.39	69%	0.21	72.9	1.25%	0.6	1.2	68	1.5

6	Jul_18_2023	234.01	258.7	262.46	266.41	266.58	267.71	267.69(-0.05%)	UD	OpenLong	75	0.2	75	30	71	85	1.62	69%	0.2	73.7	1.27%	-0.1	1.3	66	1.9
7	Jul_17_2023	233.54	257.71	262.02	265.15	265.46	266.77	267.83(0.3%)	UT	OpenLong	75	0.4	109	40	109	109	0.95	70%	0.21	74	1.27%	1.2	1.5	72	1.4
8	Jul_14_2023	233.05	256.77	261.68	262.97	263.58	265.45	267.04(0.28%)	UT	OpenLong	75	0.6	121	60	120	122	1.14	70%	0.2	72.6	1.29%	1.8	1.5	75	1.2
9	Jul_13_2023	232.59	255.77	261.04	260.65	261.2	264.14	266.3(1.17%)	UT	OpenLong	75	0.9	148	90	152	137	1.15	70%	0.19	71.1	1.3%	1.7	1.6	75	1
10	Jul_12_2023	232.14	254.69	260	258.86	259.16	261.71	263.21(0.7%)	UT	OpenLong	75	0.7	177	70	186	150	0.92	70%	0.18	71	1.29%	1.2	1.4	71	1.1

11	Jul_11_2023	231.72	253.59	259.34	257.98	257.17	258.25	261.38(1.73%)	UT	OpenLong	75	0.5	67	20	55	104	0.77	70%	0.13	68.4	1.29%	1.8	1.3	68	-0.3
12	Jul_10_2023	231.41	252.68	258.43	258.53	257.41	256.61	256.93(0.59%)	N/A	N/A	0	-0.3	-0	-30	-29	86	1.05	69%	0.13	76.4	1.28%	-0.1	0.7	65	-0.5
13	Jul_7_2023	231.1	251.91	257.57	260.24	259.06	256.1	255.42(-0.76%)	CR	SmallShort	-20	-0.7	-86	-90	-134	60	1.02	69%	0.13	87.2	1.28%	-0.4	0.5	60	-0.3
14	Jul_6_2023	230.8	251.19	256.79	261.42	260.97	258.2	257.37(-0.54%)	CR	SmallShort	-20	-0.6	-107	-80	-163	62	1.3	69%	0.11	97.2	1.29%	-0.8	0.9	66	-0.6
15	Jul_5_2023	230.54	250.33	255.86	261.15	261.66	262.02	258.78(-2.03%)	N/A	N/A	0	-0.3	-5	20	-45	115	2.07	69%	0.11	100	1.28%	-1.5	1.1	71	0.9

16	Jul_3_2023	230.29	249.43	254.85	260.73	260.8	263.75	264.13(-0.52%)	UD	OpenLong	75	0.4	176	80	164	213	0.75	73%	0.15	104.8	1.26%	0	1.9	84	1.2
17	Jun_30_2023	229.94	247.95	253.17	258.25	258.62	261.3	265.52(1.62%)	UT	HoldLong	65	1	229	80	232	220	1.77	75%	0.15	109.1	1.31%	1.4	2.5	79	1
18	Jun_29_2023	229.59	246.06	251.44	254.55	255.22	257.86	261.29(2.06%)	UT	HoldLong	65	1	168	80	166	172	1.41	74%	0.12	105.7	1.31%	1.8	2.4	79	1
19	Jun_28_2023	229.32	244.42	249.95	251.55	251.94	255.94	256.02(-0.26%)	UD	OpenLong	75	0.7	189	120	196	168	1.84	73%	0.08	87	1.3%	0.6	1.7	76	1.2
20	Jun_27_2023	229.13	243.08	248.81	249.8	249.52	252.57	256.69(1.98%)	UT	HoldLong	65	1	214	80	228	173	1.8	73%	0.06	74.1	1.31%	1.6	1.9	78	1.1

21	Jun_26_2023	228.99	241.58	247.2	248.14	247.75	247.93	251.71(1.89%)	UT	OpenLong	75	0.5	86	0	81	99	1.11	71%	0.04	69.1	1.3%	1.8	1.5	71	1
22	Jun_23_2023	228.89	240.43	246.34	247.37	246.88	246.48	247.04(0.31%)	N/A	N/A	0	-0	-39	-20	-68	48	1.61	70%	0.01	64.6	1.28%	0.1	1	74	1.1
23	Jun_22_2023	228.87	239.46	245.76	247.86	247.84	247.58	246.28(-0.4%)	UD	OpenLong	75	-0.2	33	-10	8	108	0.82	62%	0.01	64.5	1.29%	-1.4	0.9	80	1.4
24	Jun_21_2023	228.84	238.68	245.2	248.04	247.93	247.29	247.28(-0.44%)	UD	OpenLong	65	-0.1	15	-20	-18	113	0.97	62%	0.05	66	1.41%	-1.1	1.1	80	1.3
25	Jun_20_2023	228.73	237.93	244.47	247.57	247.55	248.09	248.37(0.19%)	UT	HoldLong	65	0.1	45	20	13	141	1.21	62%		66.4	1.41%	0.7	1.3	80	1.2
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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