US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

4 hoursBearish76%
4h Downside probability 76%Bearish

SHW 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $347.76 and stabilize above resistance $361.

Invalidation Trigger

Break above $361 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 39.4, MACD -0.145

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.24 (0.94%)

4h

EMA Structure

Bearish
EMA 8$345.95Bearish
EMA 21$347.76Bearish
EMA 50$349.74Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.4 · MACD -0.145

Momentum is weak

Strength
Bearish
Volatility
ATR $3.24 · BB 2.12%

Low volatility

Strength
Bullish
Volume
MFI 36.5 · OBV -43.72%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$340.5 - $361

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+5.91% · 6.3 ATR above latest close

$364.24
Nearest resistance

+4.97% · 5.3 ATR above · 34-bar high

$361
Current price

Price shown is delayed

$343.9
Nearest support

-0.99% · 1.0 ATR below · 34-bar low

$340.5
Deeper support zone

-1.93% · 2.0 ATR below latest close

$337.26
ATR zone

Latest close ± ATR14

$340.66 - $347.13

Indicators

Trend

Dow Theory Structure

Confirmation $355.51, invalidation $343.04

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

34.8 / 28.8 / 25.3Bullish
Supertrend (10,3)

Price is above Supertrend

$334.75Bullish
Ichimoku Cloud

Cloud Span A / Span B

$348.64 / $355.93Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Volatility

ATR (14)

Low volatility

$3.24 (0.94%)Bullish
Bollinger Bands (20,2)

Width 2.12%

2%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$353.7 / $341.55Bullish
ATR channel lower / upper

Current Volatility Envelope

$340.66 / $347.13Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$361Range
Support

Nearest Downside Decision Level

$340.5Range

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-0.145Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.9 / 17.0Bearish
Williams %R (14)

Oversold zone

-93.1Bullish
CCI (20)

Weak expansion

-163.5Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

36.5Bearish
OBV slope

20-period OBV slope

-43.72%Bearish
Volume ratio

Relative to 20-period average volume

0.48xBearish

Trend

Dow Theory Structure

Confirmation $355.51, invalidation $343.04

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

34.8 / 28.8 / 25.3Bullish
Supertrend (10,3)

Price is above Supertrend

$334.75Bullish
Ichimoku Cloud

Cloud Span A / Span B

$348.64 / $355.93Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-0.145Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.9 / 17.0Bearish
Williams %R (14)

Oversold zone

-93.1Bullish
CCI (20)

Weak expansion

-163.5Bearish
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Low volatility

$3.24 (0.94%)Bullish
Bollinger Bands (20,2)

Width 2.12%

2%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$353.7 / $341.55Bullish
ATR channel lower / upper

Current Volatility Envelope

$340.66 / $347.13Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

36.5Bearish
OBV slope

20-period OBV slope

-43.72%Bearish
Volume ratio

Relative to 20-period average volume

0.48xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$361Range
Support

Nearest Downside Decision Level

$340.5Range

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