NYSE:SHW -- bullish chart
Mean ^
Var ^
Autocorrelation crossed 0 into positive territory, which means trending
Last indicator shows a measure of information; the higher the information, the higher the uncertainty. You want to be trading when the indicators is decreasing.
SHW has a history of making outsized moves on the back of Daily Squeeze action. In the recent past, it has moved in "harmonic" 50+ point surges. If the next daily squeeze fires long, I look for it to run up to it's prior high at $354. If it behaves like it did last quarter, this could happen on the run up into earnings. Thankfully, we're 1 month out, which...
Uptrend
Breakout, especially after passing out of a major level, can be a good buying position. There is a good one and i suppose its a good opportunity for buying, As always SL is guarantee for our work.
Uptrend
The last wave was a pullback to broken level and again it has started new wave toward up.
The next target is very close but I suppose it will be broken soon and 350 will be mid term goal.
About 260 can be a good place for setting SL on it.
Following on my thread, this time around I am applying my mean reversion strategy on SHW. This is a symbol with more than 20 years of price data. This proves that the strategy is inherently profitable across diverse assets and not subjected to overfitting risk. This study shows a strong positive expectancy as the win rate is above 90% while the average profit on a...
SHW has just over 13 days lost 20%. With earnings season coming up and SHW's full-year Zacks Consensus Estimates are calling for earnings of $9.48 per share and revenue of $21.88 billion. These results would represent year-over-year changes of +16.32% and +9.68%, respectively. Quite a high bar. According to our modelling the stock will be taking a breather going...
Bearish
- "Momentum theory" indicator turning red
- Rejected major support / resistance
- Bear flag formation
- Price broke down upward trend line
- Head and shoulder pattern
The PEAD projected a Neutral outlook for $SHW after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 25%.
Falling wedge in between a horizontal support area.
Daily classic bullish divergence on the MACD and RSI.
Stop = Below horizontal supports.
Target = Horizontal resistance.
SHW is showing every sign of impending reversal it can while still maintaining its upward price channel. Even with yesterday's (1/3/22) sharp price decline, today it found support at the bottom of the channel.
The expected move the options are pricing in for the Jan 21, 2022 expiration date is about ∓ 3% shown as a yellow triangle here. Statistically; however,...
shw breaking extreme trendline resistance on the monthly timeframe, we ran about 100 usd per share this year.
If it holds above resistance and continues the rally, we can see it hit 400-450 in 2022.
like and follow for more! 💘
