GRACO INC (GGG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GGG - US3841091040 - Common Stock
Taking everything into account, GGG scores 3 out of 10 in our technical rating. In the past year, GGG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, GGG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 83.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.80, a Stop Loss order could be placed below this zone.
More info and screens
78.77
When analyzing the support we notice one important area.
- A support zone ranging from 79.57 to 82.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 83.34 to 83.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @85.94 from a trend line in the weekly time frame.
- A resistance zone ranging from 87.54 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.
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 | UP | POSITIVE | The short term trend for GGG is up. |
| ChartMill Relative Strength | 33.39 | 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) | DOWN | MIXED | The current price of GGG is above 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) | 54.7 | NEUTRAL | The RSI value for GGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests GGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.56 | OVERBOUGHT | The high Stochastics value suggests GGG may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for GGG suggests low volalility. |
| Average Directional Index/ADX (14) | 18.41 | NEGATIVE | The low ADX value for GGG suggests a weak or negative trend. |
82.86
-0.61 (-0.73%)
GRACO INC / GGG FAQ
Can you provide the ChartMill technical rating for GRACO INC?
ChartMill assigns a technical rating of 3 / 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 54.7036. 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 positive.
What are the support and resistance levels for GRACO INC (GGG) stock?
GRACO INC (GGG) has a support level at 82.8 and a resistance level at 83.34. Check the full technical report for our detailed analysis of GGG support and resistance levels.