US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 weekBearish81%
Weekly Downside probability 81%Bearish

SHW 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $331.51 and stabilize above resistance $372.16.

Invalidation Trigger

Break above $372.16 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 47.7, MACD -0.705

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $20.47 (6.28%)

Weekly

EMA Structure

Bearish
EMA 8$329.91Bearish
EMA 21$331.51Bearish
EMA 50$333.93Bearish

Signals

CategoryReadStrength
Momentum
RSI 47.7 · MACD -0.705

Neutral zone

Strength
Bearish
Volatility
ATR $20.47 · BB 16.68%

High volatility

Strength
Bearish
Volume
MFI 43.2 · OBV -2.74%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$289.86 - $372.16

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+20.43% · 3.3 ATR above latest close

$392.63
Nearest resistance

+14.16% · 2.3 ATR above · 34-bar high

$372.16
Current price

Price shown is delayed

$326.01
Nearest support

-11.09% · 1.8 ATR below · 34-bar low

$289.86
Deeper support zone

-17.37% · 2.8 ATR below latest close

$269.39
ATR zone

Latest close ± ATR14

$305.54 - $346.48

Indicators

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $311.12

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

Trend strength is moderate

10.0 / 24.5 / 22.5Bullish
Supertrend (10,3)

Price is above Supertrend

$272.68Bullish
Ichimoku Cloud

Cloud Span A / Span B

$329.83 / $333.82Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Volatility

ATR (14)

High volatility

$20.47 (6.28%)Bearish
Bollinger Bands (20,2)

Width 16.68%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$368.24 / $294.64Bearish
ATR channel lower / upper

Current Volatility Envelope

$305.54 / $346.48Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$372.16Range
Support

Nearest Downside Decision Level

$289.86Range

Momentum

RSI (14)

Neutral zone

47.7Range
MACD (12,26,9)

Histogram is negative

-0.705Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

24.4 / 41.0Bearish
Williams %R (14)

Neutral zone

-75.6Range
CCI (20)

Balanced zone

-47.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.2Bearish
OBV slope

20-period OBV slope

-2.74%Bearish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $311.12

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

Trend strength is moderate

10.0 / 24.5 / 22.5Bullish
Supertrend (10,3)

Price is above Supertrend

$272.68Bullish
Ichimoku Cloud

Cloud Span A / Span B

$329.83 / $333.82Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Momentum

RSI (14)

Neutral zone

47.7Range
MACD (12,26,9)

Histogram is negative

-0.705Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

24.4 / 41.0Bearish
Williams %R (14)

Neutral zone

-75.6Range
CCI (20)

Balanced zone

-47.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$20.47 (6.28%)Bearish
Bollinger Bands (20,2)

Width 16.68%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$368.24 / $294.64Bearish
ATR channel lower / upper

Current Volatility Envelope

$305.54 / $346.48Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.2Bearish
OBV slope

20-period OBV slope

-2.74%Bearish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$372.16Range
Support

Nearest Downside Decision Level

$289.86Range

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