US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 hourBearish61%
1h Downside probability 61%Bearish

SHW 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $345.84 and stabilize above resistance $355.51.

Invalidation Trigger

Break above $355.51 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 40.9, MACD -0.279

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.47 (0.43%)

1h

EMA Structure

Bearish
EMA 8$344.54Bearish
EMA 21$345.84Bearish
EMA 50$347.25Bearish

Signals

CategoryReadStrength
Momentum
RSI 40.9 · MACD -0.279

Momentum is weak

Strength
Bearish
Volatility
ATR $1.47 · BB 1.87%

Low volatility

Strength
Bullish
Volume
MFI 23.7 · OBV 3.83%

Relative to 20-period average volume

Strength
Range
Price Levels
$343.04 - $355.51

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+3.81% · 8.9 ATR above latest close

$356.98
Nearest resistance

+3.38% · 7.9 ATR above · 34-bar high

$355.51
Current price

Price shown is delayed

$343.9
Nearest support

-0.25% · 0.6 ATR below · 34-bar low

$343.04
Deeper support zone

-0.68% · 1.6 ATR below latest close

$341.56
ATR zone

Latest close ± ATR14

$342.42 - $345.37

Indicators

Trend

Dow Theory Structure

Confirmation $348.78, invalidation $345.09

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

25.8 / 38.5 / 37.0Bullish
Supertrend (10,3)

Price is above Supertrend

$339.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$347.6 / $349.27Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Volatility

ATR (14)

Low volatility

$1.47 (0.43%)Bullish
Bollinger Bands (20,2)

Width 1.87%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$348.83 / $342.71Bullish
ATR channel lower / upper

Current Volatility Envelope

$342.42 / $345.37Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$355.51Range
Support

Nearest Downside Decision Level

$343.04Range

Momentum

RSI (14)

Momentum is weak

40.9Bearish
MACD (12,26,9)

Histogram is negative

-0.279Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.1 / 8.5Bullish
Williams %R (14)

Oversold zone

-85.9Bullish
CCI (20)

Balanced zone

-95.2Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

23.7Bearish
OBV slope

20-period OBV slope

3.83%Bullish
Volume ratio

Relative to 20-period average volume

0.55xBearish

Trend

Dow Theory Structure

Confirmation $348.78, invalidation $345.09

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

25.8 / 38.5 / 37.0Bullish
Supertrend (10,3)

Price is above Supertrend

$339.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$347.6 / $349.27Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Momentum

RSI (14)

Momentum is weak

40.9Bearish
MACD (12,26,9)

Histogram is negative

-0.279Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.1 / 8.5Bullish
Williams %R (14)

Oversold zone

-85.9Bullish
CCI (20)

Balanced zone

-95.2Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Low volatility

$1.47 (0.43%)Bullish
Bollinger Bands (20,2)

Width 1.87%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$348.83 / $342.71Bullish
ATR channel lower / upper

Current Volatility Envelope

$342.42 / $345.37Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

23.7Bearish
OBV slope

20-period OBV slope

3.83%Bullish
Volume ratio

Relative to 20-period average volume

0.55xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$355.51Range
Support

Nearest Downside Decision Level

$343.04Range

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