WW GRAINGER INC (GWW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GWW - US3848021040 - Common Stock
We assign a technical rating of 3 out of 10 to GWW. Recently some decent action could be observed, but in the medium term time frame this is still negative. GWW was also a bad performer in the overall market in the last year.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 964.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 957.49, a Stop Loss order could be placed below this zone.
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908.99
2 important support areas can be observed.
- A support zone ranging from 944.90 to 957.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 918.17 to 926.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 964.97 to 975.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1015.84 from a horizontal line in the daily time frame.
- Resistance @1052.12 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for GWW is up. |
| ChartMill Relative Strength | 23.14 | NEGATIVE | GWW has a low relative strength, it was outperformed by 76.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GWW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GWW is above the rising 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) | 52.53 | NEUTRAL | The RSI value for GWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.6 | POSITIVE | The MACD value suggests GWW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.67 | NEUTRAL | The Stochastics value for GWW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for GWW suggests low volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for GWW suggests a possible start of a new trend. |
958.68
-0.39 (-0.04%)
WW GRAINGER INC / GWW FAQ
Can you provide the ChartMill technical rating for WW GRAINGER INC?
ChartMill assigns a technical rating of 3 / 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 52.5349. This indicates that the stock is currently neutral.
What is the buy/sell signal for GWW stock?
The buy/sell signal for WW GRAINGER INC (GWW) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for WW GRAINGER INC?
WW GRAINGER INC (GWW) has a support level at 957.49 and a resistance level at 964.97. Check the full technical report for our detailed analysis of GWW support and resistance levels.