SHERWIN-WILLIAMS CO/THE (SHW)       241.73  -3.62 (-1.48%)

241.73  -3.62 (-1.48%)

US8243481061 - Common Stock - After market: 241.73 0 (0%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to SHW. SHW has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.



In the last month SHW has a been trading in the 219.07 - 249.92 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SHW has an average volume of 1466390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, SHW turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
SHW is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
SHW is one of the lesser performing stocks in the Chemicals industry. 65% of 123 stocks in the same industry do better.

Statistics

1 Month 3 Months 6 Months 12 Months 6.14% 11.79% 1.96% -14.20% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 41.02 195.24 - 288.5
SHW Weekly chart
SHW Daily chart

Support/Resistance Analysis


222.80

261.60
2 important support areas can be observed.
  • A support zone ranging from 238.53 to 240.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 225.05 to 228.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
  • A resistance zone ranging from 250.67 to 251.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 257.76 to 259.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

SHW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 250.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 240.24, a Stop Loss order could be placed below this zone.


SHW Daily chart

SHERWIN-WILLIAMS CO/THE241.73

NYSE:SHW (2/3/2023, 7:07:49 PM)-3.62 (-1.48%)

After market: 241.73 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals

Performance
Today -1.48% 1 Week 5.77%
2 Weeks -1.46% 1 Month 6.14%
3 Month 11.79% 6 Month 1.96%

Volatility
ATR(14) 8.04 ATR(20)% 3.23%
ATR Inc -35.53% Range Today 2.9

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 41.02 Mansfield -0.29
10 Day High 249.74 10 Day Low 219.07
20 Day High 249.92 20 Day Low 219.07
52 Week High 288.5 52 Week Low 195.24
CS1 End 240.24 CR1 Start 250.67

Volume & EV
DER(3) 2.38% DER(5) 0.92%
Volume 1.69M Volume Incr 22.5%
Vol(5) 1.95M Vol(50) 1.47M

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