WW GRAINGER INC (GWW) Stock Technical Analysis
NYSE:GWW - New York Stock Exchange, Inc. - US3848021040 - Common Stock - Currency: USD
We assign a technical rating of 0 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.
When comparing the yearly performance of all stocks, GWW is a bad performer in the overall market: 78% of all stocks are doing better.
GWW is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, of which 78% are performing better than GWW.
GWW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GWW is lagging the market.
In the last month GWW has a been trading in the 915.87 - 1076.78 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of GWW is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
910.72
1,143.74
We found 1 important support area.
- A support zone ranging from 919.92 to 932.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 1021.21 to 1059.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for GWW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GWW is down. |
| ChartMill Relative Strength | 22.24 | NEGATIVE | GWW has a low relative strength, it was outperformed by 77.76% 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) | 24.09 | OVERSOLD | The low RSI value suggests GWW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.99 | NEGATIVE | The MACD value suggests GWW has a negative trend. |
| Stochastics (14,3) | 34.12 | NEUTRAL | The Stochastics value for GWW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GWW suggests some volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for GWW 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)
932.44
-107.1 (-10.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-10.3%
1 Week-11.53%
2 Weeks-9.33%
1 Month-11.24%
3 Month-12.69%
6 Month-12.25%
12 Month-2.14%
2 Year30.57%
3 Year68.03%
5 Year155.16%
10 Year317.31%
15 Year781.41%
Volatility
ATR(14)25.01
ATR(20)%2.52%
ATR Inc256.91%
Range Today44.69
ADR(20)19.29
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.24
Mansfield-1.7
10 Day High1062.33
10 Day Low915.87
20 Day High1076.78
20 Day Low915.87
52 Week High1227.66
52 Week Low893.99
CS1 End932.43
CR1 Start1021.21
Volume & EV
DER(3)0.93%
DER(5)0.99%
Volume1.26M
Volume Incr40.25%
Vol(5)472.68K
Vol(50)283.38K