GGG Technical Analysis - GRACO INC

Technical Rating and Analysis

We assign a technical rating of 1 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.

When comparing the yearly performance of all stocks, GGG is a bad performer in the overall market: 70% of all stocks are doing better.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

GGG is part of the Machinery industry. There are 130 other stocks in this industry, GGG did better than 51% of them.

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 79.88 - 85.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

GGG has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

79.81

93.21

When analyzing the support we notice one important area.

Support @80.62 from a trend line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 81.90 to 84.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 86.60 to 87.54. This zone is formed by a combination of multiple trend lines 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.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for GGG is neutral.
ChartMill Relative Strength	30.49	NEUTRAL	GGG is not amongst the best or worst performers 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)	41.87	NEUTRAL	The RSI value for GGG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests GGG has a positive trend, although the MACD value is declining.
Stochastics (14,3)	48.98	NEUTRAL	The Stochastics value for GGG is a neutral value.
Average True Range in percent/ATR (20)	1.75	LOW VOLATILITY	The low ATR as a percentage value for GGG suggests low volalility.
Average Directional Index/ADX (14)	20.75	NEUTRAL	The ADX value for GGG suggests a possible start of a new trend.