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 $334.2 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 48.7, MACD -4.021

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $38.54 (11.82%)

Monthly

EMA Structure

Range
EMA 8$331.76Bearish
EMA 21$334.2Bearish
EMA 50$315.29Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.7 · MACD -4.021

Neutral zone

Strength
Bearish
Volatility
ATR $38.54 · BB 18.50%

High volatility

Strength
Bearish
Volume
MFI 48.8 · OBV -59.30%

Relative to 20-period average volume

Strength
Range
Price Levels
$282.09 - $400.42

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+34.65% · 2.9 ATR above latest close

$438.96
Nearest resistance

+22.82% · 1.9 ATR above · 34-bar high

$400.42
Current price

Price shown is delayed

$326.01
Nearest support

-13.47% · 1.1 ATR below · 34-bar low

$282.09
Deeper support zone

-25.29% · 2.1 ATR below latest close

$243.55
ATR zone

Latest close ± ATR14

$287.47 - $364.55

Indicators

Trend

Dow Theory Structure

Confirmation $289.86, invalidation $372.16

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

Trend strength is active

22.5 / 15.6 / 21.0Bearish
Supertrend (10,3)

Price is above Supertrend

$206.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$339.48 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

40%Range

Volatility

ATR (14)

High volatility

$38.54 (11.82%)Bearish
Bollinger Bands (20,2)

Width 18.50%

28%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$415.69 / $253.22Bearish
ATR channel lower / upper

Current Volatility Envelope

$287.47 / $364.55Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$282.09Range

Momentum

RSI (14)

Neutral zone

48.7Range
MACD (12,26,9)

Histogram is negative

-4.021Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

41.1 / 44.8Bearish
Williams %R (14)

Neutral zone

-58.9Range
CCI (20)

Balanced zone

-68.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.8Range
OBV slope

20-period OBV slope

-59.30%Bearish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Trend

Dow Theory Structure

Confirmation $289.86, invalidation $372.16

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

Trend strength is active

22.5 / 15.6 / 21.0Bearish
Supertrend (10,3)

Price is above Supertrend

$206.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$339.48 / $297.83Bearish
Donchian Channel (20)

20-period breakout channel position

40%Range

Momentum

RSI (14)

Neutral zone

48.7Range
MACD (12,26,9)

Histogram is negative

-4.021Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

41.1 / 44.8Bearish
Williams %R (14)

Neutral zone

-58.9Range
CCI (20)

Balanced zone

-68.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$38.54 (11.82%)Bearish
Bollinger Bands (20,2)

Width 18.50%

28%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$415.69 / $253.22Bearish
ATR channel lower / upper

Current Volatility Envelope

$287.47 / $364.55Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.8Range
OBV slope

20-period OBV slope

-59.30%Bearish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.42Range
Support

Nearest Downside Decision Level

$282.09Range

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