US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

SHW 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $347.58 and stabilize above resistance $359.

Invalidation Trigger

Break above $359 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 41.7, MACD -0.079

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.06 (0.89%)

4h

EMA Structure

Bearish
EMA 8$345.9Bearish
EMA 21$347.58Bearish
EMA 50$349.59Bearish

Signals

CategoryReadStrength
Momentum
RSI 41.7 · MACD -0.079

Momentum is weak

Strength
Bearish
Volatility
ATR $3.06 · BB 2.11%

Low volatility

Strength
Bullish
Volume
MFI 48.0 · OBV -48.56%

Relative to 20-period average volume

Strength
Range
Price Levels
$340.5 - $359

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.99% · 5.6 ATR above latest close

$362.06
Nearest resistance

+4.1% · 4.6 ATR above · 34-bar high

$359
Current price

Price shown is delayed

$344.86
Nearest support

-1.26% · 1.4 ATR below · 34-bar low

$340.5
Deeper support zone

-2.15% · 2.4 ATR below latest close

$337.44
ATR zone

Latest close ± ATR14

$341.8 - $347.92

Indicators

Trend

Dow Theory Structure

Confirmation $343.04, invalidation $348.78

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

34.0 / 22.9 / 26.8Bearish
Supertrend (10,3)

Price is above Supertrend

$336.73Bullish
Ichimoku Cloud

Cloud Span A / Span B

$346.97 / $355.19Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Volatility

ATR (14)

Low volatility

$3.06 (0.89%)Bullish
Bollinger Bands (20,2)

Width 2.11%

16%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$352.88 / $342.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$341.8 / $347.92Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$359Range
Support

Nearest Downside Decision Level

$340.5Range

Momentum

RSI (14)

Momentum is weak

41.7Bearish
MACD (12,26,9)

Histogram is negative

-0.079Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.6 / 13.2Bullish
Williams %R (14)

Oversold zone

-85.4Bullish
CCI (20)

Weak expansion

-109.6Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.0Range
OBV slope

20-period OBV slope

-48.56%Bearish
Volume ratio

Relative to 20-period average volume

2.43xBullish

Trend

Dow Theory Structure

Confirmation $343.04, invalidation $348.78

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

34.0 / 22.9 / 26.8Bearish
Supertrend (10,3)

Price is above Supertrend

$336.73Bullish
Ichimoku Cloud

Cloud Span A / Span B

$346.97 / $355.19Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Momentum

RSI (14)

Momentum is weak

41.7Bearish
MACD (12,26,9)

Histogram is negative

-0.079Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.6 / 13.2Bullish
Williams %R (14)

Oversold zone

-85.4Bullish
CCI (20)

Weak expansion

-109.6Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$3.06 (0.89%)Bullish
Bollinger Bands (20,2)

Width 2.11%

16%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$352.88 / $342.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$341.8 / $347.92Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.0Range
OBV slope

20-period OBV slope

-48.56%Bearish
Volume ratio

Relative to 20-period average volume

2.43xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$359Range
Support

Nearest Downside Decision Level

$340.5Range

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