WW GRAINGER INC (GWW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GWW - US3848021040 - Common Stock
Overall GWW gets a technical rating of 7 out of 10. Although GWW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although GWW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
908.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 944.00 to 947.93. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1013.64 to 1034.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong 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 | UP | POSITIVE | The long term trend for GWW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GWW is up. |
| ChartMill Relative Strength | 38.79 | NEUTRAL | GWW is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of GWW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GWW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.55 | NEUTRAL | The RSI value for GWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.58 | NEGATIVE | The MACD value suggests GWW has a negative trend. |
| Stochastics (14,3) | 45.92 | 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) | 30.28 | POSITIVE | The high ADX value value for GWW suggests a strong trend. |
1004.68
-24.3 (-2.36%)
WW GRAINGER INC / GWW FAQ
Can you provide the ChartMill technical rating for WW GRAINGER INC?
ChartMill assigns a technical rating of 7 / 10 to GWW.
What is the trend direction for GWW stock?
The current trend direction for WW GRAINGER INC (GWW) is Bullish.
What is the RSI signal for GWW stock?
WW GRAINGER INC (GWW) has an RSI value of 50.5467. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WW GRAINGER INC?
The MACD indicator for WW GRAINGER INC (GWW) has a value of -3.57792, indicating a bearish trend.
What is the short term momentum for GWW stock?
The short term momentum for WW GRAINGER INC (GWW) is positive.