GRACO INC (GGG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GGG - US3841091040 - Common Stock
Overall GGG gets a technical rating of 8 out of 10. Although GGG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- GGG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GGG has a been trading in the 81.68 - 89.66 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, GGG turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- GGG is an average performer in the Machinery industry, it outperforms 51% of 132 stocks in the same industry.
Although GGG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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78.35
4 important support areas can be observed.
- A support zone ranging from 86.86 to 87.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.51 to 85.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.66 from a trend line in the weekly time frame.
- A support zone ranging from 79.14 to 80.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 91.08 to 92.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGG is up. |
| ChartMill Relative Strength | 55.13 | NEUTRAL | GGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.21 | NEUTRAL | The RSI value for GGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests GGG has a positive trend. |
| Stochastics (14,3) | 74.73 | NEUTRAL | The Stochastics value for GGG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for GGG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for GGG suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.67 | 86.85 | 2.82 (3.14%) | 25.00% |
| An entry @89.67. This is a Buy Stop order right above the 10 day high. | An exit @86.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.82 points, which is 3.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
87.65
+0.89 (+1.03%)
GRACO INC / GGG FAQ
Can you provide the ChartMill technical rating for GRACO INC?
ChartMill assigns a technical rating of 8 / 10 to GGG.
What is the trend direction for GGG stock?
The current trend direction for GRACO INC (GGG) is Bullish.
What is the RSI signal for GRACO INC (GGG) stock?
GRACO INC (GGG) has an RSI value of 60.2115. This indicates that the stock is currently neutral.
What is the MACD signal for GGG stock?
The MACD indicator for GRACO INC (GGG) has a value of 0.0964466, indicating a bearish trend.
What is the short term momentum for GGG stock?
The short term momentum for GRACO INC (GGG) is positive.