WW GRAINGER INC (GWW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GWW - US3848021040 - Common Stock
We assign a technical rating of 0 out of 10 to GWW. GWW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, GWW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 954.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 944.00, a Stop Loss order could be placed below this zone.
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908.99
When analyzing the support we notice one important area.
- A support zone ranging from 918.17 to 944.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 954.12 to 984.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1021.21 from a horizontal line in the daily time frame.
- Resistance @1052.12 from a horizontal line in the daily time frame.
- Resistance @1121.57 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for GWW is neutral. |
| ChartMill Relative Strength | 20.38 | NEGATIVE | GWW has a low relative strength, it was outperformed by 79.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GWW is above 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) | 50.94 | NEUTRAL | The RSI value for GWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.08 | POSITIVE | The MACD value suggests GWW has a positive trend. |
| Stochastics (14,3) | 71.18 | NEUTRAL | The Stochastics value for GWW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for GWW suggests some volalility. |
| Average Directional Index/ADX (14) | 34 | POSITIVE | The high ADX value value for GWW suggests a strong trend. |
948.63
+3.53 (+0.37%)
WW GRAINGER INC / GWW FAQ
Can you provide the ChartMill technical rating for WW GRAINGER INC?
ChartMill assigns a technical rating of 0 / 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 50.9409. This indicates that the stock is currently neutral.
What is the support and resistance level for GWW stock?
WW GRAINGER INC (GWW) has a support level at 944 and a resistance level at 954.12. Check the full technical report for our detailed analysis of GWW support and resistance levels.