See how the Double Bottom is playing out for SHW. View live chart.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Gradual reversal from bearish to bullish.
Technical analysis of Sherwin-Williams (SHW) reveals a significant setup. With a last close of $317.51, volatility remains active (2.24%). Algorithmically, a Double Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $353.67, targeting $406.24 with support near $327.39 (R:R 2.0).
What is your outlook on SHW?