US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 weekBullish92%
Weekly Upside probability 92%Bullish

SHW 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $289.86 and reclaim $377.77.

Invalidation Trigger

Lose $289.86 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 52.9, MACD 3.513

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $21.58 (6.25%)

Weekly

EMA Structure

Bullish
EMA 8$344.4Bullish
EMA 21$336.98Bullish
EMA 50$336.83Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.9 · MACD 3.513

Neutral zone

Strength
Bullish
Volatility
ATR $21.58 · BB 23.26%

High volatility

Strength
Bearish
Volume
MFI 62.1 · OBV 2.54%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$289.86 - $377.77

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+15.75% · 2.5 ATR above latest close

$399.35
Nearest resistance

+9.5% · 1.5 ATR above · 34-bar high

$377.77
Current price

Price shown is delayed

$345
Nearest support

-15.98% · 2.6 ATR below · 34-bar low

$289.86
Deeper support zone

-22.24% · 3.6 ATR below latest close

$268.28
ATR zone

Latest close ± ATR14

$323.42 - $366.58

Indicators

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $301.1

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.9 / 28.6 / 22.7Bullish
Supertrend (10,3)

Price is above Supertrend

$279.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$333.82 / $333.82Bullish
Donchian Channel (20)

20-period breakout channel position

67%Range

Volatility

ATR (14)

High volatility

$21.58 (6.25%)Bearish
Bollinger Bands (20,2)

Width 23.26%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$383.57 / $290.83Bearish
ATR channel lower / upper

Current Volatility Envelope

$323.42 / $366.58Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$377.77Range
Support

Nearest Downside Decision Level

$289.86Range

Momentum

RSI (14)

Neutral zone

52.9Range
MACD (12,26,9)

Histogram is positive

3.513Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.0 / 73.4Bearish
Williams %R (14)

Neutral zone

-33.0Range
CCI (20)

Balanced zone

72.3Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.1Bullish
OBV slope

20-period OBV slope

2.54%Bullish
Volume ratio

Relative to 20-period average volume

0.47xBearish

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $301.1

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.9 / 28.6 / 22.7Bullish
Supertrend (10,3)

Price is above Supertrend

$279.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$333.82 / $333.82Bullish
Donchian Channel (20)

20-period breakout channel position

67%Range

Momentum

RSI (14)

Neutral zone

52.9Range
MACD (12,26,9)

Histogram is positive

3.513Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.0 / 73.4Bearish
Williams %R (14)

Neutral zone

-33.0Range
CCI (20)

Balanced zone

72.3Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$21.58 (6.25%)Bearish
Bollinger Bands (20,2)

Width 23.26%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$383.57 / $290.83Bearish
ATR channel lower / upper

Current Volatility Envelope

$323.42 / $366.58Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.1Bullish
OBV slope

20-period OBV slope

2.54%Bullish
Volume ratio

Relative to 20-period average volume

0.47xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$377.77Range
Support

Nearest Downside Decision Level

$289.86Range

Related Forecasts