US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 hourBearish81%
1h Downside probability 81%Bearish

SHW 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $317.32 and stabilize above resistance $322.85.

Invalidation Trigger

Break above $322.85 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 44.0, MACD -0.117

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.02 (0.64%)

1h

EMA Structure

Bearish
EMA 8$315.87Bullish
EMA 21$317.32Bearish
EMA 50$319.52Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.0 · MACD -0.117

Momentum is weak

Strength
Bearish
Volatility
ATR $2.02 · BB 4.22%

Low volatility

Strength
Bullish
Volume
MFI 18.4 · OBV 3.57%

Relative to 20-period average volume

Strength
Range
Price Levels
$311.56 - $322.85

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.76% · 4.3 ATR above latest close

$324.86
Nearest resistance

+2.12% · 3.3 ATR above · 34-bar high

$322.85
Current price

Price shown is delayed

$316.13
Nearest support

-1.45% · 2.3 ATR below · 34-bar low

$311.56
Deeper support zone

-2.08% · 3.3 ATR below latest close

$309.54
ATR zone

Latest close ± ATR14

$314.11 - $318.15

Indicators

Trend

Dow Theory Structure

Confirmation $311.56, invalidation $316.47

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.5 / 8.5 / 45.4Bearish
Supertrend (10,3)

Price is above Supertrend

$306.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$316.09 / $319.13Bearish
Donchian Channel (20)

20-period breakout channel position

40%Range

Volatility

ATR (14)

Low volatility

$2.02 (0.64%)Bullish
Bollinger Bands (20,2)

Width 4.22%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$322.38 / $312.07Bullish
ATR channel lower / upper

Current Volatility Envelope

$314.11 / $318.15Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$322.85Range
Support

Nearest Downside Decision Level

$311.56Range

Momentum

RSI (14)

Momentum is weak

44.0Bearish
MACD (12,26,9)

Histogram is negative

-0.117Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

40.5 / 37.7Bullish
Williams %R (14)

Neutral zone

-59.5Range
CCI (20)

Balanced zone

-68.2Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

18.4Bearish
OBV slope

20-period OBV slope

3.57%Bullish
Volume ratio

Relative to 20-period average volume

6.04xBullish

Trend

Dow Theory Structure

Confirmation $311.56, invalidation $316.47

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.5 / 8.5 / 45.4Bearish
Supertrend (10,3)

Price is above Supertrend

$306.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$316.09 / $319.13Bearish
Donchian Channel (20)

20-period breakout channel position

40%Range

Momentum

RSI (14)

Momentum is weak

44.0Bearish
MACD (12,26,9)

Histogram is negative

-0.117Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

40.5 / 37.7Bullish
Williams %R (14)

Neutral zone

-59.5Range
CCI (20)

Balanced zone

-68.2Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Low volatility

$2.02 (0.64%)Bullish
Bollinger Bands (20,2)

Width 4.22%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$322.38 / $312.07Bullish
ATR channel lower / upper

Current Volatility Envelope

$314.11 / $318.15Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

18.4Bearish
OBV slope

20-period OBV slope

3.57%Bullish
Volume ratio

Relative to 20-period average volume

6.04xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$322.85Range
Support

Nearest Downside Decision Level

$311.56Range

Related Forecasts