PPG Industries (PPG) is a global manufacturer of paints, coatings, and specialty materials.
The company is set to release their latest quarterly figures after the close of trading Thursday, so let's check on the charts and indicators to see how traders and investors may be positioned.
In the daily bar chart of PPG, below, I can see that the shares have been mostly trading sideways the past 12 months. Prices recently made a lower high versus December. PPG is testing the rising 50-day moving average line but remains above the rising 200-day moving average line.
The On-Balance-Volume (OBV) line has made a slightly lower high from December to January suggesting that sellers of PPG are moving to a more aggressive stance on the stock. The Moving Average Convergence Divergence (MACD) oscillator is weak and only slightly above the zero line and maybe a day or two from an outright sell signal.