Chemicals Scan

Scan

Chemicals Scan

Scan symbols 8
DOWLYBSHWAPDLINECLPPGDD
Watchlists 1
@chemicals
raw scan snapshot — prices as of scan date, not live 22 rows · screens, not recommendations

Bifurcated sector — commodity chemicals (DOW, LYB) deeply broken while specialty/coatings (PPG, ECL, DD, LIN) hold up. DOW (RSI 31.8, -15.1% 30D, -25.8% from high) is the only near-oversold name and the weakest in the group. PPG is the lone strong momentum name (RSI 65.5, +16.4% 30D). The industrial-gas anchors (LIN, APD) are flat/basing.

Latest bar Thursday 2026-06-18 (Fri 06-19 Juneteenth, closed). LYB, SHW, PPG are 2d stale and APD, DD are 1d stale from yfinance throttle — flagged inline.

Quick Snapshot

Signal Reading
Overall 🟡 Split tape — commodity petrochemicals (DOW -15% 30D, LYB -15% 30D) are the laggards near oversold, while coatings/specialty (PPG +16% 30D, ECL +10% 30D, DD) and industrial gas (LIN, APD) hold steady. No clean sector trend
Key insight DOW (RSI 31.8, weak-down, -25.8% from high) is the only name approaching oversold but it's the weakest fundamentally-trending name — a falling-knife setup, not a quality pullback. PPG (RSI 65.5, strong-up, golden cross, +16.4% 30D) is the lone clean momentum name

Price Table

Stock Price RSI vs SMA20 7D% 30D% 3M% 52wkHi% Signal
PPG $120.65 65.5 +7.1% +4.86% +16.39% +16.87% -9.58% 🔒 Hold (06-16, 2d stale)
SHW $322.44 59.7 +5.1% +4.09% +6.77% +0.80% -15.07% 🔍 Watch (06-16, 2d stale)
ECL $269.12 59.4 +3.8% -0.02% +9.82% +4.31% -12.98% 🔒 Hold
LIN $512.15 52.0 +0.4% -1.66% -0.46% +4.56% -1.46% 🔒 Hold
DD $47.95 51.7 +0.6% -2.05% +2.99% +10.61% -9.40% 🔍 Watch (06-17, 1d stale)
APD $281.75 45.1 -0.3% +0.10% -3.43% -0.22% -9.01% 🔍 Watch (06-17, 1d stale)
LYB $62.59 34.9 ↓ -6.6% +1.28% -14.68% -11.17% -25.43% 🔍 Watch (06-16, 2d stale)
DOW $31.73 31.8 ↓ -6.9% -2.55% -15.07% -14.50% -25.76% ❌ Don't Buy

Tier Analysis

Strong-Up / Hold (RSI 60-66): PPG (RSI 65.5, strong-up, golden cross, uptrend regime, +13.2% vs SMA200, +16.4% 30D, +16.9% 3M) is the single clean momentum leader — coatings outperforming commodities. SHW (RSI 59.7, weak-up but downtrend regime, death cross, still -15.1% from high — bounce within a downtrend) and ECL (RSI 59.4, up trend, +9.8% 30D, -13.0% from high) round out the firmer band.

Mid-Range / Flat (RSI 45-52): LIN (RSI 52.0, strong-up, golden cross, +9.6% vs SMA200, only -1.5% from high but flat 30D — basing regime, the steady anchor), DD (RSI 51.7, strong-up, golden cross, +14.4% vs SMA200, +10.6% 3M — quietly constructive), APD (RSI 45.1, weak-down, basing, -3.4% 30D — the soft industrial-gas name). These are the holding-pattern names: structurally intact, no momentum.

Approaching / Oversold (RSI 32-35): LYB (RSI 34.9, weak-down, -14.7% 30D, -25.4% from high — but golden cross technically intact above SMA200) and DOW (RSI 31.8, weak-down, -15.1% 30D, -25.8% from high, -13.3% vs SMA50) are the two broken commodity-petrochemical laggards. Both oversold by RSI but in active downtrends — falling-knife territory, not quality-pullback buys.

Entry Zones

Stock Price RSI 30D% Setup
DOW $31.73 31.8 ↓ -15.07% Near-oversold but weak-down trend + -25.8% from high; commodity-petrochemical falling knife — need RSI <30 AND a floor near SMA200 ($29.09) before any contrarian look
LYB $62.59 34.9 ↓ -14.68% Same commodity-petrochemical weakness; -25.4% from high, weak-down — watch for stabilization above SMA200 ($55.84), not buyable yet (06-16, 2d stale)
DD $47.95 51.7 +2.99% Cleanest structural setup (strong-up, golden cross, +14.4% vs SMA200, only -9.4% from high); alert for an RSI dip to 40-45 as a quality re-entry (06-17, 1d stale)

Action Matrix

Action Stocks Why
🔒 HOLD PPG, ECL, LIN Strong-up / up trends, golden crosses intact — hold, PPG the cleanest momentum
🔍 WATCH DD Strong-up + golden cross, only -9.4% from high; best quality re-entry on a dip
🔍 WATCH SHW, APD RSI-trend conflict — SHW bouncing in a downtrend, APD soft/basing; need trend confirmation
🔍 WATCH LYB Oversold-ish (RSI 34.9) but weak-down; only watch for an above-SMA200 floor
❌ DON'T BUY DOW RSI 31.8 but weak-down trend, -25.8% from high — commodity falling knife

What Changed

  • Commodity vs specialty split widens — DOW (-15.1% 30D) and LYB (-14.7% 30D) are the laggards; coatings/specialty (PPG +16.4%, ECL +9.8%) and DD hold up
  • DOW the weakest name — RSI 31.8, -25.8% from high, -13.3% vs SMA50; only near-oversold name but in an active downtrend
  • PPG breaks out — RSI 65.5, strong-up, golden cross, +16.4% 30D / +16.9% 3M — the lone clean momentum name in the group
  • Industrial gas anchors flat — LIN (RSI 52, -1.5% from high, basing) and APD (RSI 45.1, -3.4% 30D) holding steady with no momentum
  • DD quietly constructive — strong-up, golden cross, +14.4% vs SMA200, +10.6% 3M, only -9.4% from high

The Gold

Key Discoveries

Discovery Implication
Commodity petrochem (DOW/LYB) -15% 30D vs specialty (PPG/ECL) up Sector is bifurcated — don't treat "chemicals" as one trade
DOW RSI 31.8 but weak-down + -25.8% from high Oversold ≠ buyable — this is a downtrend, not a quality pullback
DD strong-up + golden cross + only -9.4% from high, RSI 51.7 Quietly the best-structured name for a pullback re-entry

Mistakes (Don't Repeat)

Mistake Lesson
Treating DOW's RSI 31.8 as an oversold-buy in a quality name DOW is the weakest-trending name in the group; oversold RSI in a weak-down/-25%-from-high name is a knife

Open Questions

  • Is the DOW/LYB commodity-petrochemical weakness a margin/feedstock cycle issue or demand-driven? (needs event verify)
  • Does PPG's coatings strength foreshadow a broader specialty-over-commodity rotation, or is it name-specific?
9 events
DateTypeEvent
Jun 16 ScanChemicals Scan Jun 25 ScanChemicals Scan Jun 26 ScanChemicals Scan Jul 7 ScanChemicals Scan — July 6, 2026 Close Jul 11 ScanChemicals Scan — July 10, 2026 Close May 29 ScanChemicals Scan Jul 17 ScanChemicals Scan — July 17, 2026 Close Jul 25 ScanChemicals Scan — July 24, 2026 Close Jul 28 ScanChemicals Scan — July 28, 2026 Close

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