Sherwin-Williams (SHW) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for SHW · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$361.57last close · Aug 4, 202652-week range $289.86 – $379.65 · 4.76% below the high

SHW Falling Wedge Pattern

SHW is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $344.69 (+13.8%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; SHW's own falling wedges have hit 33.3%.

DirectionBullishTarget$344.69Projected move+13.8%Breakout level$302.48

New to this pattern? What a falling wedge is and how to trade it →

SHW's Most Recent Falling Wedge Trade

SHW's most recent completed falling wedge resolved as a win: it broke higher on Jun 9, 2026 near $303.95, then reached its target at $330.57 on Jul 8, 2026 — a +1.89R move (8.8%) over 19 sessions. Across 198 backtested falling wedges, this setup wins 57.1% of the time.

OutcomeWinResult+1.89REntry$303.95Exit$330.57

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
SHW win rate
33.3%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

SHW Pattern Trade History

Every completed pattern trade our nightly backtest found on SHW's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 9, 2026 @ $303.95Jul 8, 2026 @ $330.57Win+1.89R
Rising WedgeFeb 25, 2026 @ $358.52Mar 6, 2026 @ $332.40Win+1.36R
TriangleJan 6, 2026 @ $333.81Jan 22, 2026 @ $350.63Win+1.32R
Falling WedgeAug 11, 2025 @ $356.32Nov 17, 2025 @ $326.81Loss-1.03R
TriangleMar 12, 2025 @ $350.88Apr 7, 2025 @ $319.67Win+2.19R
Falling WedgeFeb 26, 2025 @ $356.44Mar 13, 2025 @ $342.10Loss-1.02R
TriangleFeb 12, 2025 @ $353.00Apr 7, 2025 @ $327.82Win+1.66R
TriangleJul 8, 2024 @ $297.67Aug 5, 2024 @ $339.09Win+7.76R
Bullish PennantJan 30, 2024 @ $309.15Mar 13, 2024 @ $336.81Win+1.61R
Bullish PennantJul 25, 2023 @ $275.11Sep 27, 2023 @ $250.62Loss-1.10R
Falling WedgeMar 23, 2023 @ $210.79Mar 31, 2023 @ $224.77Loss-1.18R
Rising WedgeDec 14, 2022 @ $251.98Jan 26, 2023 @ $221.71Win+2.22R

SHW Support and Resistance Levels

Price found a floor near $297.09 about 2 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $376.21 — still about 4% away.

  • Traders commonly watch $376.21 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $297.09 floor about 2 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $359.89, resistance near $376.21. These are chart/swing-derived levels, not formula pivots.

Resistance
$376.21$523.03$592.11$688.47
Support
$359.89$353.37$351.24$295.39$293.90$289.20$281.82$273.62

SHW Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$359.08$364.49$356.94$361.57
Aug 3, 2026$348.62$354.33$347.32$354.22
Jul 31, 2026$343.18$343.18$337.48$340.85
Jul 30, 2026$345.89$346.57$340.12$344.84
Jul 29, 2026$352.00$352.00$329.02$343.88
Jul 28, 2026$347.49$357.27$343.11$354.27
Jul 27, 2026$325.00$329.77$320.00$327.27
Jul 24, 2026$313.26$320.14$313.01$317.51
Jul 23, 2026$308.40$315.79$301.10$310.54
Jul 22, 2026$321.05$322.79$318.32$319.91

SHW Frequently Asked Questions

What chart pattern is SHW forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Sherwin-Williams (SHW) on the daily chart, with a measured-move target of $344.69.
Is a falling wedge bullish or bearish?
The falling wedge detected on SHW is a bullish pattern, projecting a measured-move target of $344.69. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for SHW?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), SHW's nearest support is around $359.89 and nearest resistance around $376.21.
What is the price target if SHW's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $344.69 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was SHW's closing price on Aug 4, 2026?
Sherwin-Williams (SHW) last closed at $361.57 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.