WW GRAINGER INC (GWW) Stock Technical Analysis
USA - NYSE:GWW - US3848021040 - Common Stock
We assign a technical rating of 1 out of 10 to GWW. GWW'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.
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 947.93, a Stop Loss order could be placed below this zone.
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910.72
When analyzing the support we notice one important area.
- A support zone ranging from 919.92 to 947.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 960.89 to 1000.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1021.21 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1046.36 to 1056.12. 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 | NEUTRAL | NEUTRAL | The short term trend for GWW is neutral. |
| ChartMill Relative Strength | 23.01 | NEGATIVE | GWW has a low relative strength, it was outperformed by 76.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GWW is below the rising 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) | 46.09 | NEUTRAL | The RSI value for GWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.03 | POSITIVE | The MACD value suggests GWW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.93 | NEUTRAL | The Stochastics value for GWW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for GWW suggests low volalility. |
| Average Directional Index/ADX (14) | 27.55 | POSITIVE | The high ADX value value for GWW suggests a strong trend. |
958.97
-4.51 (-0.47%)
WW GRAINGER INC / GWW FAQ
Can you provide the ChartMill technical rating for WW GRAINGER INC?
ChartMill assigns a technical rating of 1 / 10 to GWW.
Can you provide the trend direction for WW GRAINGER INC?
The current trend direction for WW GRAINGER INC (GWW) is Bearish.
What is the RSI signal for GWW stock?
WW GRAINGER INC (GWW) has an RSI value of 46.0942. This indicates that the stock is currently neutral.
What is the support and resistance level for GWW stock?
WW GRAINGER INC (GWW) has a support level at 947.93 and a resistance level at 960.89. Check the full technical report for our detailed analysis of GWW support and resistance levels.