US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 monthBearish83%
Monthly Downside probability 83%Bearish

SHW 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $334.81 and stabilize above resistance $400.42.

Invalidation Trigger

Break above $400.42 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 47.6, MACD -4.247

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $39.68 (12.36%)

Monthly

EMA Structure

Range
EMA 8$332.88Bearish
EMA 21$334.81Bearish
EMA 50$314.76Bullish

Signals

CategoryReadStrength
Momentum
RSI 47.6 · MACD -4.247

Neutral zone

Strength
Bearish
Volatility
ATR $39.68 · BB 19.02%

High volatility

Strength
Bearish
Volume
MFI 51.9 · OBV -72.17%

Relative to 20-period average volume

Strength
Range
Price Levels
$276.13 - $400.42

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+37.13% · 3.0 ATR above latest close

$440.1
Nearest resistance

+24.76% · 2.0 ATR above · 34-bar high

$400.42
Current price

Price shown is delayed

$320.94
Nearest support

-13.96% · 1.1 ATR below · 34-bar low

$276.13
Deeper support zone

-26.33% · 2.1 ATR below latest close

$236.45
ATR zone

Latest close ± ATR14

$281.26 - $360.62

Indicators

Trend

Dow Theory Structure

Confirmation $289.86, invalidation $377.77

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

Trend strength is active

22.8 / 17.4 / 20.2Bearish
Supertrend (10,3)

Price is above Supertrend

$208.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$339.48 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Volatility

ATR (14)

High volatility

$39.68 (12.36%)Bearish
Bollinger Bands (20,2)

Width 19.02%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$414.19 / $256.04Bearish
ATR channel lower / upper

Current Volatility Envelope

$281.26 / $360.62Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$276.13Range

Momentum

RSI (14)

Neutral zone

47.6Range
MACD (12,26,9)

Histogram is negative

-4.247Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.6 / 49.2Bearish
Williams %R (14)

Neutral zone

-65.4Range
CCI (20)

Balanced zone

-91.9Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.9Range
OBV slope

20-period OBV slope

-72.17%Bearish
Volume ratio

Relative to 20-period average volume

0.39xBearish

Trend

Dow Theory Structure

Confirmation $289.86, invalidation $377.77

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

Trend strength is active

22.8 / 17.4 / 20.2Bearish
Supertrend (10,3)

Price is above Supertrend

$208.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$339.48 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Momentum

RSI (14)

Neutral zone

47.6Range
MACD (12,26,9)

Histogram is negative

-4.247Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.6 / 49.2Bearish
Williams %R (14)

Neutral zone

-65.4Range
CCI (20)

Balanced zone

-91.9Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$39.68 (12.36%)Bearish
Bollinger Bands (20,2)

Width 19.02%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$414.19 / $256.04Bearish
ATR channel lower / upper

Current Volatility Envelope

$281.26 / $360.62Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.9Range
OBV slope

20-period OBV slope

-72.17%Bearish
Volume ratio

Relative to 20-period average volume

0.39xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$276.13Range

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