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Uptrend SupportArchive
- 9/18/2026 -
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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 gave back -2.58 points, or -0.80%, and closed at 320.73 on Friday, September 18, 2026. Weekly volume was -7% below average.
 Long-term trend: [See SHW long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 195.24 and reached 400.40 on November 27, 2024. SHW gained -205.16 points, or -105.08%, in 110 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 299.34 and resistance is at 425.10. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See SHW medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 400.40 and reached 289.86 on June 2, 2026. SHW lost 110.54 points, or 27.61%, in 78 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 284.93 and resistance is at 348.98. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See SHW weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 August 7, 2026 at 372.16 and reached 314.38 on September 18, 2026. SHW lost 57.78 points, or 15.53%, in 42 days. The price is now at the 10.99% retracement level.
 Daily Technical Indicators: [See SHW daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since August 14, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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