Dow Inc

DOW is entrenched in a Stage 4 decline with a confirmed support failure, trading below its declining 9/20 EMAs and 50-day SMA. Both medium- and long-term biases are bearish, and short-term timing remains unfavorable as price consolidates under key moving averages despite oversold readings. Execution is Sell Now on rallies into the EMA/50-day SMA and trendline resistance zone. A sustained reclaim and acceptance above the 20-day EMA and 50-day SMA with follow-through would invalidate the current bearish stance.

• ↑Q2 net sales $12.1B (+20% YoY) signals strong recovery momentum
• ↑Operating EBITDA $2.3B with $2B expected improvement from efficiency programs
• ↓Weak profitability factors and low earnings yield raise sustainability concerns