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Archive
- 7/10/2026 -
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Sherwin-Williams (SHW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Sherwin-Williams (SHW). During the week, the SHW dropped -18.49 points, or -5.25%, and closed at 333.99 on Friday, July 10, 2026. It was the worst weekly loss since May 1, 2026. Weekly volume was -10% below average.
 Long-term trend: [See SHW long-term trend chart]
A long-term downtrend had started on August 22, 2025 at 379.65 and reached 289.86 on June 2, 2026. SHW lost 89.79 points, or 23.65%, in 40 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 284.32 and resistance is at 376.20. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See SHW medium-term trend chart]
A medium-term uptrend had started on June 2, 2026 at 289.86 and reached 353.67 on July 7, 2026. SHW gained -63.81 points, or -22.01%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (342.07) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 18, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See SHW short-term trend chart]
A short-term downtrend had started on July 7, 2026 at 353.67 and reached 327.86 on July 8, 2026. SHW lost 25.81 points, or 7.30%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
 Candlestick pattern: [See SHW candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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