Sherwin Williams (SHW)       222.82  -4.34 (-1.91%)

222.82  -4.34 (-1.91%)

US8243481061 - Common Stock

Technical Rating

Overall SHW gets a technical rating of 1 out of 10. SHW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



SHW has an average volume of 1945330. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SHW outperforms 51% of them, which is more or less in line with the market.
SHW is an average performer in the Chemicals industry, it outperforms 52% of 123 stocks in the same industry.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
SHW is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so SHW is not an exception.
SHW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Statistics

1 Month 3 Months 6 Months 12 Months -16.48% -10.99% -35.50% -17.46% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 51.93 214.22 - 354.15
SHW Weekly chart
SHW Daily chart

Support/Resistance Analysis


220.55

285.36
When analyzing the support we notice one important area.
  • Support @222.78 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
  • A resistance zone ranging from 231.26 to 231.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 257.90 to 258.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @268.21 from a trend line in the daily time frame.
  • Resistance @282.53 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

SHW has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


SHW Daily chart

Sherwin Williams222.82

NYSE:SHW (6/28/2022, 2:08:10 PM)-4.34 (-1.91%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today -1.91% 1 Week 1.96%
2 Weeks -8.19% 1 Month -16.48%
3 Month -10.99% 6 Month -35.5%
Volatility
ATR(14) 9.51 ATR(20)% 3.85%
ATR Inc -39.1% Range Today 8.55
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 51.93 Mansfield -1.05
10 Day High 245.25 10 Day Low 214.22
20 Day High 278.31 20 Day Low 214.22
52 Week High 354.15 52 Week Low 214.22
CS1 End 226.27 CR1 Start 231.26
Volume & EV
DER(3) 0.57% DER(5) -1.67%
Volume 664.39K Volume Incr 38.2%
Vol(5) 2.35M Vol(50) 1.95M

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