SHERWIN-WILLIAMS CO/THE (SHW)

US8243481061 - Common Stock

241.07  +6.18 (+2.63%)

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.



SHW is one of the better performing stocks in the Chemicals industry, it outperforms 77% of 118 stocks in the same industry.
In the last month SHW has a been trading in the 221.76 - 235.20 range, which is quite wide. It is currently trading near the high of this range.
SHW has an average volume of 1434470 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 compared to the yearly performance of all other stocks, SHW outperforms 53% of them, which is more or less in line with the market.
SHW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHW is lagging the market.

Statistics

1 Month 3 Months 6 Months 12 Months 1.46% 2.87% -8.87% -12.64% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 53.37 195.24 - 278.31
SHW Weekly chart
SHW Daily chart

Support/Resistance Analysis


199.20

261.60
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 237.54 to 239.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 226.13 to 232.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 212.32 to 215.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 201.21 to 204.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
  • A resistance zone ranging from 242.67 to 242.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • 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

4

SHW has an average technical rating and the quality of the presented setup is also not ideal 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-WILLIAMS CO/THE

NYSE:SHW (6/2/2023, 2:25:01 PM)

241.07

+6.18 (+2.63%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.63%
1 Week2.67%
2 Weeks3.19%
1 Month1.46%
3 Month2.87%
6 Month-8.87%
12 Month-12.64%
Volatility
ATR(14)5.36
ATR(20)%2.1%
ATR Inc22.78%
Range Today5.9
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.37
Mansfield-0.49
10 Day High235.2
10 Day Low223.28
20 Day High235.2
20 Day Low221.76
52 Week High278.31
52 Week Low195.24
CS1 End232.89
CR1 Start237.54
Volume & EV
DER(3)0.79%
DER(5)0.24%
Volume1.16M
Volume Incr15.37%
Vol(5)1.60M
Vol(50)1.43M
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