US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

12 hoursRange53%
12h Range probability 94%Range

GWW 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Break either side of $1,236.3 - $1,340 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 51.3, MACD 3.793

12h
Volatility EnvironmentRange
Low volatility

ATR is $20 (1.56%)

12h

EMA Structure

Bearish
EMA 8$1,269.3Bullish
EMA 21$1,272.8Bullish
EMA 50$1,288.5Bearish

Signals

CategoryReadStrength
Momentum
RSI 51.3 · MACD 3.793

Neutral zone

Strength
Bullish
Volatility
ATR $20 · BB 3.93%

Low volatility

Strength
Range
Volume
MFI 37.3 · OBV -4.89%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,236.3 - $1,340

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.22% · 4.0 ATR above latest close

$1,360
Nearest resistance

+4.66% · 3.0 ATR above · 34-bar high

$1,340
Current price

Price shown is delayed

$1,280.3
Nearest support

-3.44% · 2.2 ATR below · 34-bar low

$1,236.3
Deeper support zone

-5% · 3.2 ATR below latest close

$1,216.3
ATR zone

Latest close ± ATR14

$1,260.3 - $1,300.3

Indicators

Trend

Dow Theory Structure

Confirmation $1,293.9, invalidation $1,240

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

21.4 / 28.6 / 16.9Bullish
Supertrend (10,3)

Price is above Supertrend

$1,224.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,274 / $1,314.5Bearish
Donchian Channel (20)

20-period breakout channel position

73%Range

Volatility

ATR (14)

Low volatility

$20 (1.56%)Range
Bollinger Bands (20,2)

Width 3.93%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,312.6 / $1,231.8Range
ATR channel lower / upper

Current Volatility Envelope

$1,260.3 / $1,300.3Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,340Range
Support

Nearest Downside Decision Level

$1,236.3Range

Momentum

RSI (14)

Neutral zone

51.3Range
MACD (12,26,9)

Histogram is positive

3.793Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.4 / 78.2Bearish
Williams %R (14)

Neutral zone

-23.6Range
CCI (20)

Strong expansion

110.3Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

37.3Bearish
OBV slope

20-period OBV slope

-4.89%Bearish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Trend

Dow Theory Structure

Confirmation $1,293.9, invalidation $1,240

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

21.4 / 28.6 / 16.9Bullish
Supertrend (10,3)

Price is above Supertrend

$1,224.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,274 / $1,314.5Bearish
Donchian Channel (20)

20-period breakout channel position

73%Range

Momentum

RSI (14)

Neutral zone

51.3Range
MACD (12,26,9)

Histogram is positive

3.793Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.4 / 78.2Bearish
Williams %R (14)

Neutral zone

-23.6Range
CCI (20)

Strong expansion

110.3Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

Low volatility

$20 (1.56%)Range
Bollinger Bands (20,2)

Width 3.93%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,312.6 / $1,231.8Range
ATR channel lower / upper

Current Volatility Envelope

$1,260.3 / $1,300.3Range

Volume / Money Flow

MFI (14)

Money flow is weak

37.3Bearish
OBV slope

20-period OBV slope

-4.89%Bearish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,340Range
Support

Nearest Downside Decision Level

$1,236.3Range

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