US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

1 weekBearish71%
Weekly Downside probability 71%Bearish

SHW 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $330.8 and stabilize above resistance $372.45.

Invalidation Trigger

Break above $372.45 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 43.8, MACD -2.411

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $20.53 (6.52%)

Weekly

EMA Structure

Bearish
EMA 8$326.64Bearish
EMA 21$330.8Bearish
EMA 50$333.93Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.8 · MACD -2.411

Momentum is weak

Strength
Bearish
Volatility
ATR $20.53 · BB 20.72%

High volatility

Strength
Bearish
Volume
MFI 28.4 · OBV 13.52%

Relative to 20-period average volume

Strength
Range
Price Levels
$289.86 - $372.45

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+24.76% · 3.8 ATR above latest close

$392.98
Nearest resistance

+18.24% · 2.8 ATR above · 34-bar high

$372.45
Current price

Price shown is delayed

$315
Nearest support

-7.98% · 1.2 ATR below · 34-bar low

$289.86
Deeper support zone

-14.5% · 2.2 ATR below latest close

$269.33
ATR zone

Latest close ± ATR14

$294.47 - $335.53

Indicators

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $301.1

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

Trend strength is moderate

11.9 / 16.3 / 29.9Bearish
Supertrend (10,3)

Price is above Supertrend

$265Bullish
Ichimoku Cloud

Cloud Span A / Span B

$335.37 / $333.82Bearish
Donchian Channel (20)

20-period breakout channel position

31%Bearish

Volatility

ATR (14)

High volatility

$20.53 (6.52%)Bearish
Bollinger Bands (20,2)

Width 20.72%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$365.33 / $296.02Bearish
ATR channel lower / upper

Current Volatility Envelope

$294.47 / $335.53Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$372.45Range
Support

Nearest Downside Decision Level

$289.86Range

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is negative

-2.411Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.6 / 28.3Bearish
Williams %R (14)

Oversold zone

-80.4Bullish
CCI (20)

Balanced zone

-69.3Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

28.4Bearish
OBV slope

20-period OBV slope

13.52%Bullish
Volume ratio

Relative to 20-period average volume

0.49xBearish

Trend

Dow Theory Structure

Confirmation $372.16, invalidation $301.1

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

Trend strength is moderate

11.9 / 16.3 / 29.9Bearish
Supertrend (10,3)

Price is above Supertrend

$265Bullish
Ichimoku Cloud

Cloud Span A / Span B

$335.37 / $333.82Bearish
Donchian Channel (20)

20-period breakout channel position

31%Bearish

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is negative

-2.411Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.6 / 28.3Bearish
Williams %R (14)

Oversold zone

-80.4Bullish
CCI (20)

Balanced zone

-69.3Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

High volatility

$20.53 (6.52%)Bearish
Bollinger Bands (20,2)

Width 20.72%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$365.33 / $296.02Bearish
ATR channel lower / upper

Current Volatility Envelope

$294.47 / $335.53Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

28.4Bearish
OBV slope

20-period OBV slope

13.52%Bullish
Volume ratio

Relative to 20-period average volume

0.49xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$372.45Range
Support

Nearest Downside Decision Level

$289.86Range

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