US stock / ETF

The Sherwin-Williams Company

SHW · NYSE · USD

4 hoursBearish74%
4h Downside probability 74%Bearish

SHW 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $323.18 and stabilize above resistance $336.07.

Invalidation Trigger

Break above $336.07 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 44.9, MACD 0.455

4h
Volatility EnvironmentBullish
Low volatility

ATR is $4.19 (1.3%)

4h

EMA Structure

Bearish
EMA 8$322Bearish
EMA 21$323.18Bearish
EMA 50$328.65Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.9 · MACD 0.455

Momentum is weak

Strength
Bearish
Volatility
ATR $4.19 · BB 3.48%

Low volatility

Strength
Bullish
Volume
MFI 30.4 · OBV 56.92%

Relative to 20-period average volume

Strength
Range
Price Levels
$315.45 - $336.07

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+6.02% · 4.6 ATR above latest close

$340.26
Nearest resistance

+4.71% · 3.6 ATR above · 34-bar high

$336.07
Current price

Price shown is delayed

$320.94
Nearest support

-1.71% · 1.3 ATR below · 34-bar low

$315.45
Deeper support zone

-3.02% · 2.3 ATR below latest close

$311.26
ATR zone

Latest close ± ATR14

$316.75 - $325.13

Indicators

Trend

Dow Theory Structure

Confirmation $328.44, invalidation $318.76

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

Trend strength is moderate

12.5 / 17.8 / 27.3Bearish
Supertrend (10,3)

Price is above Supertrend

$307.94Bullish
Ichimoku Cloud

Cloud Span A / Span B

$322.77 / $332.12Bearish
Donchian Channel (20)

20-period breakout channel position

42%Bearish

Volatility

ATR (14)

Low volatility

$4.19 (1.3%)Bullish
Bollinger Bands (20,2)

Width 3.48%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$331.7 / $314.37Bullish
ATR channel lower / upper

Current Volatility Envelope

$316.75 / $325.13Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$336.07Range
Support

Nearest Downside Decision Level

$315.45Range

Momentum

RSI (14)

Momentum is weak

44.9Bearish
MACD (12,26,9)

Histogram is positive

0.455Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.2 / 32.9Bearish
Williams %R (14)

Neutral zone

-70.8Range
CCI (20)

Balanced zone

-31.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

30.4Bearish
OBV slope

20-period OBV slope

56.92%Bullish
Volume ratio

Relative to 20-period average volume

2.22xBullish

Trend

Dow Theory Structure

Confirmation $328.44, invalidation $318.76

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

Trend strength is moderate

12.5 / 17.8 / 27.3Bearish
Supertrend (10,3)

Price is above Supertrend

$307.94Bullish
Ichimoku Cloud

Cloud Span A / Span B

$322.77 / $332.12Bearish
Donchian Channel (20)

20-period breakout channel position

42%Bearish

Momentum

RSI (14)

Momentum is weak

44.9Bearish
MACD (12,26,9)

Histogram is positive

0.455Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.2 / 32.9Bearish
Williams %R (14)

Neutral zone

-70.8Range
CCI (20)

Balanced zone

-31.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$4.19 (1.3%)Bullish
Bollinger Bands (20,2)

Width 3.48%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$331.7 / $314.37Bullish
ATR channel lower / upper

Current Volatility Envelope

$316.75 / $325.13Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

30.4Bearish
OBV slope

20-period OBV slope

56.92%Bullish
Volume ratio

Relative to 20-period average volume

2.22xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$336.07Range
Support

Nearest Downside Decision Level

$315.45Range

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