US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 monthBearish80%
Monthly Downside probability 80%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 $333.2 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 46.3, MACD -4.724

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $37.12 (11.78%)

Monthly

EMA Structure

Range
EMA 8$329.31Bearish
EMA 21$333.2Bearish
EMA 50$314.86Bullish

Signals

CategoryReadStrength
Momentum
RSI 46.3 · MACD -4.724

Neutral zone

Strength
Bearish
Volatility
ATR $37.12 · BB 19.30%

High volatility

Strength
Bearish
Volume
MFI 45.6 · OBV -78.52%

Relative to 20-period average volume

Strength
Range
Price Levels
$282.09 - $400.42

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+38.9% · 3.3 ATR above latest close

$437.54
Nearest resistance

+27.12% · 2.3 ATR above · 34-bar high

$400.42
Current price

Price shown is delayed

$315
Nearest support

-10.45% · 0.9 ATR below · 34-bar low

$282.09
Deeper support zone

-22.23% · 1.9 ATR below latest close

$244.97
ATR zone

Latest close ± ATR14

$277.88 - $352.12

Indicators

Trend

Dow Theory Structure

Confirmation $289.86, invalidation $372.16

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

Trend strength is active

23.0 / 14.7 / 22.5Bearish
Supertrend (10,3)

Price is above Supertrend

$202.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$339.48 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

28%Bearish

Volatility

ATR (14)

High volatility

$37.12 (11.78%)Bearish
Bollinger Bands (20,2)

Width 19.30%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$410.66 / $256.15Bearish
ATR channel lower / upper

Current Volatility Envelope

$277.88 / $352.12Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$282.09Range

Momentum

RSI (14)

Neutral zone

46.3Range
MACD (12,26,9)

Histogram is negative

-4.724Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.6 / 40.6Bearish
Williams %R (14)

Neutral zone

-71.4Range
CCI (20)

Weak expansion

-120.1Bearish
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.6Range
OBV slope

20-period OBV slope

-78.52%Bearish
Volume ratio

Relative to 20-period average volume

0.20xBearish

Trend

Dow Theory Structure

Confirmation $289.86, invalidation $372.16

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

Trend strength is active

23.0 / 14.7 / 22.5Bearish
Supertrend (10,3)

Price is above Supertrend

$202.83Bullish
Ichimoku Cloud

Cloud Span A / Span B

$339.48 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

28%Bearish

Momentum

RSI (14)

Neutral zone

46.3Range
MACD (12,26,9)

Histogram is negative

-4.724Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.6 / 40.6Bearish
Williams %R (14)

Neutral zone

-71.4Range
CCI (20)

Weak expansion

-120.1Bearish
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$37.12 (11.78%)Bearish
Bollinger Bands (20,2)

Width 19.30%

13%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$410.66 / $256.15Bearish
ATR channel lower / upper

Current Volatility Envelope

$277.88 / $352.12Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.6Range
OBV slope

20-period OBV slope

-78.52%Bearish
Volume ratio

Relative to 20-period average volume

0.20xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$282.09Range

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