US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

4 hoursBearish91%
4h Downside probability 91%Bearish

SHW 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $319.95 and stabilize above resistance $334.97.

Invalidation Trigger

Break above $334.97 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 40.8, MACD -0.414

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.25 (1.03%)

4h

EMA Structure

Bearish
EMA 8$317.57Bearish
EMA 21$319.95Bearish
EMA 50$322.7Bearish

Signals

CategoryReadStrength
Momentum
RSI 40.8 · MACD -0.414

Momentum is weak

Strength
Bearish
Volatility
ATR $3.25 · BB 3.27%

Low volatility

Strength
Bullish
Volume
MFI 20.0 · OBV -64.20%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$311.56 - $334.97

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+6.99% · 6.8 ATR above latest close

$338.22
Nearest resistance

+5.96% · 5.8 ATR above · 34-bar high

$334.97
Current price

Price shown is delayed

$316.13
Nearest support

-1.45% · 1.4 ATR below · 34-bar low

$311.56
Deeper support zone

-2.47% · 2.4 ATR below latest close

$308.31
ATR zone

Latest close ± ATR14

$312.88 - $319.38

Indicators

Trend

Dow Theory Structure

Confirmation $311.56, invalidation $322.85

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

Trend strength is active

37.0 / 22.3 / 41.1Bearish
Supertrend (10,3)

Price is above Supertrend

$305.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$320.23 / $323.27Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Volatility

ATR (14)

Low volatility

$3.25 (1.03%)Bullish
Bollinger Bands (20,2)

Width 3.27%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$325.98 / $313.64Bullish
ATR channel lower / upper

Current Volatility Envelope

$312.88 / $319.38Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$334.97Range
Support

Nearest Downside Decision Level

$311.56Range

Momentum

RSI (14)

Momentum is weak

40.8Bearish
MACD (12,26,9)

Histogram is negative

-0.414Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

30.2 / 24.6Bullish
Williams %R (14)

Neutral zone

-69.8Range
CCI (20)

Weak expansion

-137.7Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

20.0Bearish
OBV slope

20-period OBV slope

-64.20%Bearish
Volume ratio

Relative to 20-period average volume

2.31xBullish

Trend

Dow Theory Structure

Confirmation $311.56, invalidation $322.85

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

Trend strength is active

37.0 / 22.3 / 41.1Bearish
Supertrend (10,3)

Price is above Supertrend

$305.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$320.23 / $323.27Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Momentum

RSI (14)

Momentum is weak

40.8Bearish
MACD (12,26,9)

Histogram is negative

-0.414Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

30.2 / 24.6Bullish
Williams %R (14)

Neutral zone

-69.8Range
CCI (20)

Weak expansion

-137.7Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$3.25 (1.03%)Bullish
Bollinger Bands (20,2)

Width 3.27%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$325.98 / $313.64Bullish
ATR channel lower / upper

Current Volatility Envelope

$312.88 / $319.38Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

20.0Bearish
OBV slope

20-period OBV slope

-64.20%Bearish
Volume ratio

Relative to 20-period average volume

2.31xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$334.97Range
Support

Nearest Downside Decision Level

$311.56Range

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