GRACO INC (GGG) Stock Technical Analysis
NYSE:GGG - New York Stock Exchange, Inc. - US3841091040 - Common Stock - Currency: USD
Overall GGG gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GGG is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month GGG has a been trading in the 82.91 - 88.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, GGG outperforms 54% of them, which is more or less in line with the market.
GGG is an average performer in the Machinery industry, it outperforms 53% 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.
Considerably lower volume is observed in the last couple of days.
GGG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 86.16. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GGG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
75.01
89.25
2 important support areas can be observed.
- A support zone ranging from 83.93 to 85.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.77 to 76.51. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 86.16 to 88.37. 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 | 54.72 | NEUTRAL | GGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GGG is above a declining 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) | 56.8 | NEUTRAL | The RSI value for GGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GGG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.76 | NEUTRAL | The Stochastics value for GGG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for GGG suggests low volalility. |
| Average Directional Index/ADX (14) | 13.53 | 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)
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 |
|---|---|---|---|
| 86.07 | 83.92 | 2.15 (2.50%) | 25.00% |
| An entry @86.07. This is a Buy Stop order right above the 10 day high. | An exit @83.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.15 points, which is 2.50%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
85.48
-0.04 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.05%
1 Week1.41%
2 Weeks1.91%
1 Month-0.3%
3 Month1.9%
6 Month-2.79%
12 Month7.81%
2 Year-1.01%
3 Year43.88%
5 Year78.12%
10 Year20.34%
15 Year203.23%
Volatility
ATR(14)1.14
ATR(20)%1.5%
ATR Inc-31.27%
Range Today0.8
ADR(20)1.21
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.72
Mansfield-0.3
10 Day High86.06
10 Day Low82.91
20 Day High88.7
20 Day Low82.91
52 Week High92.86
52 Week Low72.06
CS1 End85.02
CR1 Start86.16
Volume & EV
DER(3)4.87%
DER(5)2.25%
Volume715.50K
Volume Incr-23.38%
Vol(5)557.60K
Vol(50)887.12K