US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 monthBearish79%
Monthly Downside probability 79%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 $334.93 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 50.0, MACD -5.194

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $38.11 (11.5%)

Monthly

EMA Structure

Range
EMA 8$333.05Bearish
EMA 21$334.93Bearish
EMA 50$313.08Bullish

Signals

CategoryReadStrength
Momentum
RSI 50.0 · MACD -5.194

Neutral zone

Strength
Bearish
Volatility
ATR $38.11 · BB 18.79%

High volatility

Strength
Bearish
Volume
MFI 42.5 · OBV -19.29%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$232.06 - $400.42

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+32.36% · 2.8 ATR above latest close

$438.53
Nearest resistance

+20.86% · 1.8 ATR above · 34-bar high

$400.42
Current price

Price shown is delayed

$331.32
Nearest support

-29.96% · 2.6 ATR below · 34-bar low

$232.06
Deeper support zone

-41.46% · 3.6 ATR below latest close

$193.95
ATR zone

Latest close ± ATR14

$293.21 - $369.43

Indicators

Trend

Dow Theory Structure

Confirmation $318.22, invalidation $377.77

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

Trend strength is active

22.6 / 14.6 / 20.4Bearish
Supertrend (10,3)

Price is above Supertrend

$227.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$337.53 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

38%Range

Volatility

ATR (14)

High volatility

$38.11 (11.5%)Bearish
Bollinger Bands (20,2)

Width 18.79%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$410.89 / $259.76Bearish
ATR channel lower / upper

Current Volatility Envelope

$293.21 / $369.43Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$232.06Range

Momentum

RSI (14)

Neutral zone

50.0Range
MACD (12,26,9)

Histogram is negative

-5.194Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.2 / 39.3Bullish
Williams %R (14)

Neutral zone

-53.8Range
CCI (20)

Balanced zone

-32.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

42.5Bearish
OBV slope

20-period OBV slope

-19.29%Bearish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Trend

Dow Theory Structure

Confirmation $318.22, invalidation $377.77

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

Trend strength is active

22.6 / 14.6 / 20.4Bearish
Supertrend (10,3)

Price is above Supertrend

$227.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$337.53 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

38%Range

Momentum

RSI (14)

Neutral zone

50.0Range
MACD (12,26,9)

Histogram is negative

-5.194Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.2 / 39.3Bullish
Williams %R (14)

Neutral zone

-53.8Range
CCI (20)

Balanced zone

-32.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$38.11 (11.5%)Bearish
Bollinger Bands (20,2)

Width 18.79%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$410.89 / $259.76Bearish
ATR channel lower / upper

Current Volatility Envelope

$293.21 / $369.43Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

42.5Bearish
OBV slope

20-period OBV slope

-19.29%Bearish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$232.06Range

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