US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 monthRange53%
Monthly Range probability 94%Range

SHW 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: price is above EMA21, short trend is constructive

Confirmation Trigger

Break either side of $232.22 - $400.18 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Monthly
Momentum StateRange
Momentum mixed

RSI 52.5, MACD -5.635

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $36.79 (10.69%)

Monthly

EMA Structure

Range
EMA 8$333.49Bullish
EMA 21$335.31Bullish
EMA 50$313.24Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.5 · MACD -5.635

Neutral zone

Strength
Range
Volatility
ATR $36.79 · BB 22.91%

High volatility

Strength
Bearish
Volume
MFI 43.5 · OBV -211.30%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$232.22 - $400.18

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+27.02% · 2.5 ATR above latest close

$436.97
Nearest resistance

+16.32% · 1.5 ATR above · 34-bar high

$400.18
Current price

Price shown is delayed

$344.02
Nearest support

-32.5% · 3.0 ATR below · 34-bar low

$232.22
Deeper support zone

-43.19% · 4.0 ATR below latest close

$195.43
ATR zone

Latest close ± ATR14

$307.23 - $380.81

Indicators

Trend

Dow Theory Structure

Confirmation $376.98, invalidation $319.18

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

21.6 / 15.7 / 21.0Bearish
Supertrend (10,3)

Price is above Supertrend

$202.89Bullish
Ichimoku Cloud

Cloud Span A / Span B

$337.68 / $297.85Bullish
Donchian Channel (20)

20-period breakout channel position

49%Range

Volatility

ATR (14)

High volatility

$36.79 (10.69%)Bearish
Bollinger Bands (20,2)

Width 22.91%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$412.38 / $259.08Bearish
ATR channel lower / upper

Current Volatility Envelope

$307.23 / $380.81Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.18Range
Support

Nearest Downside Decision Level

$232.22Range

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is negative

-5.635Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.4 / 32.4Bullish
Williams %R (14)

Neutral zone

-39.6Range
CCI (20)

Balanced zone

-97.6Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.5Bearish
OBV slope

20-period OBV slope

-211.30%Bearish
Volume ratio

Relative to 20-period average volume

1.40xBullish

Trend

Dow Theory Structure

Confirmation $376.98, invalidation $319.18

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

21.6 / 15.7 / 21.0Bearish
Supertrend (10,3)

Price is above Supertrend

$202.89Bullish
Ichimoku Cloud

Cloud Span A / Span B

$337.68 / $297.85Bullish
Donchian Channel (20)

20-period breakout channel position

49%Range

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is negative

-5.635Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.4 / 32.4Bullish
Williams %R (14)

Neutral zone

-39.6Range
CCI (20)

Balanced zone

-97.6Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

High volatility

$36.79 (10.69%)Bearish
Bollinger Bands (20,2)

Width 22.91%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$412.38 / $259.08Bearish
ATR channel lower / upper

Current Volatility Envelope

$307.23 / $380.81Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.5Bearish
OBV slope

20-period OBV slope

-211.30%Bearish
Volume ratio

Relative to 20-period average volume

1.40xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$400.18Range
Support

Nearest Downside Decision Level

$232.22Range

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