WW GRAINGER INC (GWW) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:GWW • US3848021040
Taking everything into account, GWW scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GWW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- GWW is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GWW has a been trading in the 1000.52 - 1204.36 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, GWW did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- GWW is an average performer in the Trading Companies & Distributors industry, it outperforms 65% of 50 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GWW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
923.12
3 important support areas can be observed.
- A support zone ranging from 1015.48 to 1068.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @947.93 from a horizontal line in the weekly time frame.
- Support @932.44 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 | 80.27 | POSITIVE | GWW has a high relative strength, it outperformed 80.27% 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) | UP | POSITIVE | The current price of GWW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.57 | OVERBOUGHT | The high RSI value suggests GWW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 11 | POSITIVE | The MACD value suggests GWW has a positive trend. |
| Stochastics (14,3) | 93.41 | OVERBOUGHT | The high Stochastics value suggests GWW may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for GWW suggests some volalility. |
| Average Directional Index/ADX (14) | 37.35 | POSITIVE | The high ADX value value for GWW suggests a strong trend. |
1194.93
+39.93 (+3.46%)
WW GRAINGER INC / GWW FAQ
Can you provide the ChartMill technical rating for WW GRAINGER INC?
ChartMill assigns a technical rating of 9 / 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 80.5654. This indicates that the stock is currently overbought.
Can you provide the MACD signal for WW GRAINGER INC?
The MACD indicator for WW GRAINGER INC (GWW) has a value of 10.9985, indicating a bullish trend.
What is the short term momentum for GWW stock?
The short term momentum for WW GRAINGER INC (GWW) is positive.