SHW Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for SHW's stock price next week:
Technical Analysis
- Current price: $360.15
- RSI (14) at 57.05 indicates neutral momentum, with room for upward movement
- MACD at -0.40 shows slightly bearish short-term momentum
- Price is trading below both 60-day SMA ($365.42) and 20-day SMA ($344.85)
- Fibonacci levels indicate:
- Resistance 1: $363.35
- Resistance 2: $372.67
- Support 1: $333.15
- Support 2: $323.83
News Impact
- SHW will report Q4 earnings on January 30, 2025, which could significantly impact price movement
- The stock has shown resilience despite recent market volatility
- Analysts maintain a "Moderate Buy" consensus with a mean price target of $394.45
Price Prediction for Next Week Based on technical indicators and upcoming earnings:
- Target Price Range: $363-368
- Primary Scenario (60% probability): Price likely to test first resistance at $363.35 after earnings
- Secondary Scenario (30% probability): Break above $368 if earnings exceed expectations
- Bearish Scenario (10% probability): Drop to support at $333.15 on disappointing results
Trading Recommendation BUY with entry point at current price ($360.15) with:
- Initial target: $363.35
- Stop loss: $355.50
- Position size should be moderate due to earnings event risk
The recommendation is based on:
- Neutral RSI with upside potential
- Strong analyst consensus
- Historical positive earnings reactions
- Current price sitting near technical support levels
SHW Similar Chart Price Prediction
The price of SHW is predicted to go up 1.33%, based on the high correlation periods with SMHI. The similarity of these two price pattern on the periods is 97.18%.
SHW
SMHI
Up: 1.33%Similarity: 97.18%
SHW Revenue Forecast
SHW EPS Forecast
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SHW VS S&P500
Professional painters have favored Sherwin products for decades, leading to strong brand loyalty and pricing power.
New residential construction and increased rental properties should provide strong tailwinds for residential coatings growth.
The exclusive partnership with Lowe's creates an additional avenue for Sherwin to sell its products to new customers without meaningful cannibalization risk.
SHW Analyst's Forecast
John Roberts
Mizuho
Buy
Price Target
$435 → $408
Upside
+22.01%
Mizuho analyst John Roberts lowered the firm's price target on Sherwin-Williams to $408 from $435 and keeps an Outperform rating on the shares. In conjunction with its 2025 outlook for the chemicals packaging space, the firm reduced estimates and price targets for several stocks. The March quarter "appears set to begin as weak" as the December quarter ended for most stocks, the analyst tells investors in a research note. Mizuho also updated its top picks, returning DuPont (DD) to top pick replacing Air Products (APD) with Linde (LIN). Each of these stocks are relatively defensive at attractive valuations, contends Mizuho. The firm's only picks in basic chemicals and agriculture remain Westlake (WLK) and Corteva (CTVA). It recommends most consumer-facing chemicals and packaging, although none are top picks.
Patrick Cunningham
Citigroup
Strong Buy
Price Target
$430 → $420
Upside
+16.15%
Michael Leithead
Barclays
Hold
Price Target
$355 → $370
Upside
+1.94%