WW GRAINGER INC (GWW) Stock Technical Analysis
NYSE:GWW - New York Stock Exchange, Inc. - US3848021040 - Common Stock - Currency: USD
Taking everything into account, GWW scores 2 out of 10 in our technical rating. GWW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
GWW is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry, of which 60% are performing better than GWW.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, GWW outperforms 54% of them, which is more or less in line with the market.
GWW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GWW is lagging the market.
In the last month GWW has a been trading in the 1008.59 - 1100.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GWW is bad and it also does not present a quality setup 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
933.00
1,143.74
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1022.56 to 1022.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @984.83 from a trend line in the weekly time frame.
- A support zone ranging from 942.42 to 947.93. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1035.53 to 1072.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1101.66 to 1101.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1121.57 to 1132.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for GWW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GWW is down. |
| ChartMill Relative Strength | 54.83 | NEUTRAL | GWW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GWW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GWW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GWW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.12 | NEUTRAL | The RSI value for GWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.43 | NEGATIVE | The MACD value suggests GWW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.67 | NEUTRAL | The Stochastics value for GWW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for GWW suggests low volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for GWW suggests a possible start of a new trend. |
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)
1035.28
-16.84 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.6%
1 Week1.11%
2 Weeks-0.97%
1 Month-4.85%
3 Month9.85%
6 Month-1.78%
12 Month13.45%
2 Year40.19%
3 Year90.47%
5 Year203.13%
10 Year352.66%
15 Year824.27%
Volatility
ATR(14)18.03
ATR(20)%1.66%
ATR Inc33.01%
Range Today16.33
ADR(20)16.5
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.83
Mansfield-0.81
10 Day High1059.4
10 Day Low1008.59
20 Day High1100
20 Day Low1008.59
52 Week High1227.66
52 Week Low888.75
CS1 End981.57
CR1 Start1040.92
Volume & EV
DER(3)-0.65%
DER(5)-0.53%
Volume210.84K
Volume Incr45.96%
Vol(5)302.33K
Vol(50)234.75K