As of March 24, 2026, SHW (The Sherwin-Williams Company) is in a falling knife state on the daily chart, with a confidence level of 72%. Key support is at $304 and key resistance at $340. Sharp selloff from the $360s into the low $300s with a rebound candle; price ($313.95) remains below all key MAs and prior support.
Bear-market bounce/mean-reversion attempt from the $304-$312 area, then rejection at the EMA cluster and prior breakdown zone.
Support fails: continuation leg down as wave (3) extension/flush completes, then a reactive bounce from the next demand zone.
Daily close below $304 confirms continued falling-knife behavior toward the next lower support pocket.
Two daily closes back above $340 would invalidate falling-knife and shift to a rebound/base attempt.
Scale into the swing-low support and lower fib-retracement pocket; only add aggressively if capitulation pushes into next demand while RSI is depressed and volatility spikes.
Trim into the EMA/SMA overhead supply first, then heavier trimming near prior swing-high resistance; close if price gets extremely stretched back toward the top of the larger range.
As of March 24, 2026, SHW (The Sherwin-Williams Company) is in a falling knife state on the daily chart with 72% confidence. Sharp selloff from the $360s into the low $300s with a rebound candle; price ($313.95) remains below all key MAs and prior support.
On the daily timeframe, SHW has key support at $304 and key resistance at $340. The most likely scenario (bearish) targets $332 and $340, with a revert level at $320.
SHW (The Sherwin-Williams Company) is currently classified as falling knife on the daily chart, with 72% confidence. Confirmation requires: Daily close below $304 confirms continued falling-knife behavior toward the next lower support pocket. This would be invalidated by: Two daily closes back above $340 would invalidate falling-knife and shift to a rebound/base attempt.
The most likely scenario (bearish) targets $332 and $340, with a revert level at $320. The alternative scenario (bearish) targets $296 and $285.
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