GRACO INC (GGG) Stock Technical Analysis
NYSE:GGG - US3841091040 - Common Stock
84.51 USD
-0.03 (-0.04%)
84.51 USD
0 (0%)
We assign a technical rating of 3 out of 10 to GGG. GGG has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 44% of all stocks.
GGG is an average performer in the Machinery industry, it outperforms 46% of 128 stocks in the same industry.
GGG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GGG is lagging the market.
In the last month GGG has a been trading in the 82.52 - 87.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 83.64, a Stop Loss order could be placed below this zone.
More info and screens
75.01
93.21
When analyzing the support we can see 3 important areas.
- Support @83.64 from a horizontal line in the daily time frame.
- Support @77.40 from a trend line in the weekly time frame.
- Support @75.77 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 84.58 to 87.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for GGG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGG is down. |
| ChartMill Relative Strength | 44.14 | NEUTRAL | GGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GGG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GGG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.73 | NEUTRAL | The RSI value for GGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GGG has a negative trend. |
| Stochastics (14,3) | 24.04 | NEUTRAL | The Stochastics value for GGG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for GGG suggests low volalility. |
| Average Directional Index/ADX (14) | 18.09 | NEGATIVE | The low ADX value for GGG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
84.51
-0.03 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.04%
1 Week-2.54%
2 Weeks-1.98%
1 Month0.75%
3 Month-0.61%
6 Month-3.46%
12 Month5.6%
2 Year15.96%
3 Year40.97%
5 Year37.75%
10 Year26.08%
15 Year166.34%
Volatility
ATR(14)1.42
ATR(20)%1.68%
ATR Inc-38.18%
Range Today0.67
ADR(20)1.33
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.14
Mansfield-0.87
10 Day High87.98
10 Day Low83.86
20 Day High87.98
20 Day Low82.52
52 Week High92.86
52 Week Low72.06
CS1 End83.64
CR1 Start84.58
Volume & EV
DER(3)-0.07%
DER(5)0.2%
Volume419.60K
Volume Incr-30.1%
Vol(5)488.32K
Vol(50)713.75K