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 5 out of 10 to GWW. GWW has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
GWW is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. GWW outperforms 75% of them.
In the last month GWW has a been trading in the 893.99 - 1028.07 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, GWW did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GWW is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, GWW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1024.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1021.21, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
910.72
1,040.57
We found 2 important support areas.
- A support zone ranging from 976.81 to 1021.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 919.92 to 955.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1024.32 to 1030.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.79
Mansfield0.24
10 Day High1028.07
10 Day Low968.11
20 Day High1028.07
20 Day Low893.99
52 Week High1227.66
52 Week Low874.98
Performance
1 Week3.22%
2 Weeks2.46%
1 Month3.04%
3 Month-3.61%
6 Month-7.31%
12 Month9.91%
2 Year47.26%
3 Year104.85%
5 Year271.69%
10 Year312.31%
15 Year826.64%
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)
Technical Indicators
MACD(12,26,9)5.3
RSI(14)58.88
LBB966.83
UBB1032.32
1024.31
+11.6 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.15%
1 Week3.22%
2 Weeks2.46%
1 Month3.04%
3 Month-3.61%
6 Month-7.31%
12 Month9.91%
2 Year47.26%
3 Year104.85%
5 Year271.69%
10 Year312.31%
15 Year826.64%
Volatility
ATR(14)26.89
ATR(20)%3.27%
ATR Inc-41.59%
Range Today28.09
ADR(20)31.52
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.79
Mansfield0.24
10 Day High1028.07
10 Day Low968.11
20 Day High1028.07
20 Day Low893.99
52 Week High1227.66
52 Week Low874.98
CS1 End1021.21
CR1 Start1024.32
Volume & EV
DER(3)-0.64%
DER(5)-0.04%
Volume459.10K
Volume Incr-7.6%
Vol(5)270.02K
Vol(50)288.69K