US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 weekBearish64%
Weekly Downside probability 64%Bearish

SHW 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $334.14 and stabilize above resistance $377.77.

Invalidation Trigger

Break above $377.77 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 45.3, MACD -0.832

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $20.93 (6.52%)

Weekly

EMA Structure

Bearish
EMA 8$334.09Bearish
EMA 21$334.14Bearish
EMA 50$335.58Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.3 · MACD -0.832

Neutral zone

Strength
Bearish
Volatility
ATR $20.93 · BB 22.87%

High volatility

Strength
Bearish
Volume
MFI 52.6 · OBV 8.65%

Relative to 20-period average volume

Strength
Range
Price Levels
$289.86 - $377.77

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+24.23% · 3.7 ATR above latest close

$398.7
Nearest resistance

+17.71% · 2.7 ATR above · 34-bar high

$377.77
Current price

Price shown is delayed

$320.94
Nearest support

-9.68% · 1.5 ATR below · 34-bar low

$289.86
Deeper support zone

-16.21% · 2.5 ATR below latest close

$268.93
ATR zone

Latest close ± ATR14

$300.01 - $341.87

Indicators

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $301.1

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

Trend strength is moderate

10.6 / 23.1 / 28.3Bearish
Supertrend (10,3)

Price is above Supertrend

$260.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$333.82 / $333.82Bearish
Donchian Channel (20)

20-period breakout channel position

38%Range

Volatility

ATR (14)

High volatility

$20.93 (6.52%)Bearish
Bollinger Bands (20,2)

Width 22.87%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$376.08 / $292.26Bearish
ATR channel lower / upper

Current Volatility Envelope

$300.01 / $341.87Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$377.77Range
Support

Nearest Downside Decision Level

$289.86Range

Momentum

RSI (14)

Neutral zone

45.3Range
MACD (12,26,9)

Histogram is negative

-0.832Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.9 / 38.1Bearish
Williams %R (14)

Neutral zone

-72.1Range
CCI (20)

Balanced zone

-28.8Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.6Range
OBV slope

20-period OBV slope

8.65%Bullish
Volume ratio

Relative to 20-period average volume

0.43xBearish

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $301.1

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

Trend strength is moderate

10.6 / 23.1 / 28.3Bearish
Supertrend (10,3)

Price is above Supertrend

$260.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$333.82 / $333.82Bearish
Donchian Channel (20)

20-period breakout channel position

38%Range

Momentum

RSI (14)

Neutral zone

45.3Range
MACD (12,26,9)

Histogram is negative

-0.832Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.9 / 38.1Bearish
Williams %R (14)

Neutral zone

-72.1Range
CCI (20)

Balanced zone

-28.8Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$20.93 (6.52%)Bearish
Bollinger Bands (20,2)

Width 22.87%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$376.08 / $292.26Bearish
ATR channel lower / upper

Current Volatility Envelope

$300.01 / $341.87Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.6Range
OBV slope

20-period OBV slope

8.65%Bullish
Volume ratio

Relative to 20-period average volume

0.43xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$377.77Range
Support

Nearest Downside Decision Level

$289.86Range

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