US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

1 dayBullish54%
Daily Upside probability 54%Bullish

GWW 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,304.5 and reclaim $1,419.9.

Invalidation Trigger

Lose $1,304.5 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 52.7, MACD -4.102

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $34.48 (2.51%)

Daily

EMA Structure

Bullish
EMA 8$1,372.8Bearish
EMA 21$1,367.5Bullish
EMA 50$1,330.7Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.7 · MACD -4.102

Neutral zone

Strength
Bearish
Volatility
ATR $34.48 · BB 4.35%

Medium volatility

Strength
Range
Volume
MFI 55.8 · OBV 0.51%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$1,304.5 - $1,419.9

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.09% · 2.4 ATR above latest close

$1,454.4
Nearest resistance

+3.58% · 1.4 ATR above · 34-bar high

$1,419.9
Current price

Price shown is delayed

$1,370.9
Nearest support

-4.84% · 1.9 ATR below · 34-bar low

$1,304.5
Deeper support zone

-7.36% · 2.9 ATR below latest close

$1,270
ATR zone

Latest close ± ATR14

$1,336.4 - $1,405.4

Indicators

Trend

Dow Theory Structure

Confirmation $1,347.3, invalidation $1,418.2

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.1 / 23.5 / 19.5Bullish
Supertrend (10,3)

Price is above Supertrend

$1,249.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,375 / $1,320Bearish
Donchian Channel (20)

20-period breakout channel position

44%Range

Volatility

ATR (14)

Medium volatility

$34.48 (2.51%)Range
Bollinger Bands (20,2)

Width 4.35%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,439 / $1,297.5Range
ATR channel lower / upper

Current Volatility Envelope

$1,336.4 / $1,405.4Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,419.9Range
Support

Nearest Downside Decision Level

$1,304.5Range

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is negative

-4.102Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.6 / 46.7Bearish
Williams %R (14)

Neutral zone

-56.4Range
CCI (20)

Balanced zone

-72.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

55.8Bullish
OBV slope

20-period OBV slope

0.51%Bullish
Volume ratio

Relative to 20-period average volume

0.07xBearish

Trend

Dow Theory Structure

Confirmation $1,347.3, invalidation $1,418.2

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.1 / 23.5 / 19.5Bullish
Supertrend (10,3)

Price is above Supertrend

$1,249.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,375 / $1,320Bearish
Donchian Channel (20)

20-period breakout channel position

44%Range

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is negative

-4.102Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.6 / 46.7Bearish
Williams %R (14)

Neutral zone

-56.4Range
CCI (20)

Balanced zone

-72.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$34.48 (2.51%)Range
Bollinger Bands (20,2)

Width 4.35%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,439 / $1,297.5Range
ATR channel lower / upper

Current Volatility Envelope

$1,336.4 / $1,405.4Range

Volume / Money Flow

MFI (14)

Money flow is strong

55.8Bullish
OBV slope

20-period OBV slope

0.51%Bullish
Volume ratio

Relative to 20-period average volume

0.07xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,419.9Range
Support

Nearest Downside Decision Level

$1,304.5Range

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