WW GRAINGER INC (GWW) Stock Technical Analysis
USA - NYSE:GWW - US3848021040 - Common Stock
958.9 USD
+2.31 (+0.24%)
958.9 USD
0 (0%)
We assign a technical rating of 0 out of 10 to GWW. GWW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GWW is a bad performer in the overall market: 83% of all stocks are doing better.
GWW is one of the lesser performing stocks in the Trading Companies & Distributors industry. 68% of 49 stocks in the same industry do better.
GWW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GWW has a been trading in the 937.82 - 1017.81 range, which is quite wide. It is currently trading near the lows of this range.
GWW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 955.43, a Stop Loss order could be placed below this zone.
More info and screens
910.72
1,143.74
When analyzing the support we notice one important area.
- A support zone ranging from 919.92 to 955.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 976.91 to 988.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1009.43 to 1021.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1041.71 to 1062.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1101.67 to 1101.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1121.57 to 1132.42. 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 | DOWN | NEGATIVE | The long term trend for GWW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GWW is down. |
| ChartMill Relative Strength | 17.75 | NEGATIVE | GWW has a low relative strength, it was outperformed by 82.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GWW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GWW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GWW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.15 | NEUTRAL | The RSI value for GWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.78 | NEGATIVE | The MACD value suggests GWW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.98 | NEUTRAL | The Stochastics value for GWW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for GWW suggests some volalility. |
| Average Directional Index/ADX (14) | 31.29 | POSITIVE | The high ADX value value for GWW suggests a strong 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)
958.9
+2.31 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.24%
1 Week1.15%
2 Weeks-2.07%
1 Month-3.9%
3 Month-9.49%
6 Month-3.53%
12 Month-11.63%
2 Year31.39%
3 Year64.1%
5 Year173.96%
10 Year356.62%
15 Year673.12%
Volatility
ATR(14)17.41
ATR(20)%2.02%
ATR Inc-8.41%
Range Today16.89
ADR(20)19.12
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.75
Mansfield-1.85
10 Day High990
10 Day Low937.82
20 Day High1017.81
20 Day Low937.82
52 Week High1227.66
52 Week Low893.99
CS1 End955.43
CR1 Start976.91
Volume & EV
DER(3)-0.36%
DER(5)-0.88%
Volume320.25K
Volume Incr-11.77%
Vol(5)270.85K
Vol(50)320.70K