US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

1 dayBullish58%
Daily Upside probability 58%Bullish

GWW 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: price is below EMA21, short trend is weak

Confirmation Trigger

Hold above $1,260.2 and reclaim $1,419.9.

Invalidation Trigger

Lose $1,260.2 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Daily
Momentum StateRange
Momentum mixed

RSI 46.1, MACD 0.230

Daily
Volatility EnvironmentRange
Low volatility

ATR is $19.96 (1.52%)

Daily

EMA Structure

Range
EMA 8$1,310.5Bullish
EMA 21$1,320.5Bearish
EMA 50$1,317.7Bearish

Signals

CategoryReadStrength
Momentum
RSI 46.1 · MACD 0.230

Neutral zone

Strength
Range
Volatility
ATR $19.96 · BB 10.36%

Low volatility

Strength
Range
Volume
MFI 49.1 · OBV -12.78%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,260.2 - $1,419.9

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+9.73% · 6.4 ATR above latest close

$1,439.9
Nearest resistance

+8.21% · 5.4 ATR above · 34-bar high

$1,419.9
Current price

Price shown is delayed

$1,312.2
Nearest support

-3.96% · 2.6 ATR below · 34-bar low

$1,260.2
Deeper support zone

-5.49% · 3.6 ATR below latest close

$1,240.3
ATR zone

Latest close ± ATR14

$1,292.3 - $1,332.2

Indicators

Trend

Dow Theory Structure

Confirmation $1,331.6, invalidation $1,293.9

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

27.8 / 22.6 / 10.8Bullish
Supertrend (10,3)

Price is above Supertrend

$1,252.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,326 / $1,340.1Bearish
Donchian Channel (20)

20-period breakout channel position

33%Range

Volatility

ATR (14)

Low volatility

$19.96 (1.52%)Range
Bollinger Bands (20,2)

Width 10.36%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,357.4 / $1,282.2Range
ATR channel lower / upper

Current Volatility Envelope

$1,292.3 / $1,332.2Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,419.9Range
Support

Nearest Downside Decision Level

$1,260.2Range

Momentum

RSI (14)

Neutral zone

46.1Range
MACD (12,26,9)

Histogram is positive

0.230Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

69.2 / 58.7Bullish
Williams %R (14)

Neutral zone

-30.8Range
CCI (20)

Balanced zone

-26.0Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.1Range
OBV slope

20-period OBV slope

-12.78%Bearish
Volume ratio

Relative to 20-period average volume

0.96xRange

Trend

Dow Theory Structure

Confirmation $1,331.6, invalidation $1,293.9

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

27.8 / 22.6 / 10.8Bullish
Supertrend (10,3)

Price is above Supertrend

$1,252.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,326 / $1,340.1Bearish
Donchian Channel (20)

20-period breakout channel position

33%Range

Momentum

RSI (14)

Neutral zone

46.1Range
MACD (12,26,9)

Histogram is positive

0.230Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

69.2 / 58.7Bullish
Williams %R (14)

Neutral zone

-30.8Range
CCI (20)

Balanced zone

-26.0Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$19.96 (1.52%)Range
Bollinger Bands (20,2)

Width 10.36%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,357.4 / $1,282.2Range
ATR channel lower / upper

Current Volatility Envelope

$1,292.3 / $1,332.2Range

Volume / Money Flow

MFI (14)

Money flow is neutral

49.1Range
OBV slope

20-period OBV slope

-12.78%Bearish
Volume ratio

Relative to 20-period average volume

0.96xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,419.9Range
Support

Nearest Downside Decision Level

$1,260.2Range

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