GRACO INC (GGG) Stock Technical Analysis
USA - NYSE:GGG - US3841091040 - Common Stock
We assign a technical rating of 0 out of 10 to GGG. GGG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GGG has a poor technical rating and the quality of the setup is also only medium 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
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 81.12 to 83.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 86.22 to 88.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @91.08 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for GGG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGG is down. |
| ChartMill Relative Strength | 25.88 | NEGATIVE | GGG has a low relative strength, it was outperformed by 74.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GGG is below a declining 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) | 34.78 | NEUTRAL | The RSI value for GGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests GGG has a negative trend. |
| Stochastics (14,3) | 3.52 | OVERSOLD | The low Stochastics value suggests GGG may be oversold. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for GGG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for GGG suggests a possible start of a new trend. |
79.14
-0.14 (-0.18%)
GRACO INC / GGG FAQ
Can you provide the ChartMill technical rating for GRACO INC?
ChartMill assigns a technical rating of 0 / 10 to GGG.
Can you provide the trend direction for GRACO INC?
The current trend direction for GRACO INC (GGG) is Bearish.
What is the RSI signal for GRACO INC (GGG) stock?
GRACO INC (GGG) has an RSI value of 34.7798. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GRACO INC?
The short term momentum for GRACO INC (GGG) is negative.
What are the support and resistance levels for GRACO INC (GGG) stock?
GRACO INC (GGG) has a resistance level at 81.12. Check the full technical report for our detailed analysis of GGG support and resistance levels.