WW GRAINGER INC (GWW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GWW - US3848021040 - Common Stock
We assign a technical rating of 8 out of 10 to GWW. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GWW is only an average performer.
Besides having an excellent technical rating, GWW also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1029.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1028.03, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
908.99
3 important support areas can be observed.
- A support zone ranging from 1015.48 to 1028.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 1029.83 to 1034.88. This zone is formed by a combination of multiple trend lines 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 | 46.84 | NEUTRAL | GWW is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of GWW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.98 | NEUTRAL | The RSI value for GWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.81 | NEGATIVE | The MACD value suggests GWW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.14 | NEUTRAL | The Stochastics value for GWW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for GWW suggests low volalility. |
| Average Directional Index/ADX (14) | 30.54 | POSITIVE | The high ADX value value for GWW suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,034.89 | 1,015.47 | 19.42 (1.88%) | 25.00% |
| An entry @1034.89. This is a Buy Stop order right above the resistance zone. | An exit @1015.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 19.42 points, which is 1.88%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GWW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1029.82
-3.51 (-0.34%)
WW GRAINGER INC / GWW FAQ
Can you provide the ChartMill technical rating for WW GRAINGER INC?
ChartMill assigns a technical rating of 8 / 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 57.9814. 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 -1.8121, indicating a bearish trend.
What is the short term momentum for GWW stock?
The short term momentum for WW GRAINGER INC (GWW) is positive.