US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

1 hourRange50%
1h Range probability 100%Range

GWW 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: price is above EMA21, short trend is constructive

Confirmation Trigger

Break either side of $1,294 - $1,329.8 with volume.

Invalidation Trigger

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

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 54.3, MACD 1.581

1h
Volatility EnvironmentBullish
Low volatility

ATR is $5.7 (0.43%)

1h

EMA Structure

Range
EMA 8$1,309.3Bullish
EMA 21$1,308Bullish
EMA 50$1,309.1Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.3 · MACD 1.581

Neutral zone

Strength
Bullish
Volatility
ATR $5.7 · BB 1.52%

Low volatility

Strength
Bullish
Volume
MFI 42.0 · OBV -0.51%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,294 - $1,329.8

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+1.77% · 4.1 ATR above latest close

$1,335.5
Nearest resistance

+1.34% · 3.1 ATR above · 34-bar high

$1,329.8
Current price

Price shown is delayed

$1,312.2
Nearest support

-1.39% · 3.2 ATR below · 34-bar low

$1,294
Deeper support zone

-1.82% · 4.2 ATR below latest close

$1,288.3
ATR zone

Latest close ± ATR14

$1,306.5 - $1,317.9

Indicators

Trend

Dow Theory Structure

Confirmation $1,316.3, invalidation $1,294

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

Trend strength is active

28.7 / 30.8 / 11.5Bullish
Supertrend (10,3)

Price is above Supertrend

$1,295.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,310.1 / $1,311.9Bullish
Donchian Channel (20)

20-period breakout channel position

82%Range

Volatility

ATR (14)

Low volatility

$5.7 (0.43%)Bullish
Bollinger Bands (20,2)

Width 1.52%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,319.1 / $1,296.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,306.5 / $1,317.9Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,329.8Range
Support

Nearest Downside Decision Level

$1,294Range

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is positive

1.581Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

81.9 / 86.8Bearish
Williams %R (14)

Overbought zone

-18.1Bearish
CCI (20)

Strong expansion

118.5Bullish
TD Sequential

Exhaustion setup is near completion

sell 9Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

42.0Bearish
OBV slope

20-period OBV slope

-0.51%Bearish
Volume ratio

Relative to 20-period average volume

6.09xBullish

Trend

Dow Theory Structure

Confirmation $1,316.3, invalidation $1,294

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

Trend strength is active

28.7 / 30.8 / 11.5Bullish
Supertrend (10,3)

Price is above Supertrend

$1,295.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,310.1 / $1,311.9Bullish
Donchian Channel (20)

20-period breakout channel position

82%Range

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is positive

1.581Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

81.9 / 86.8Bearish
Williams %R (14)

Overbought zone

-18.1Bearish
CCI (20)

Strong expansion

118.5Bullish
TD Sequential

Exhaustion setup is near completion

sell 9Bearish

Volatility

ATR (14)

Low volatility

$5.7 (0.43%)Bullish
Bollinger Bands (20,2)

Width 1.52%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,319.1 / $1,296.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,306.5 / $1,317.9Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

42.0Bearish
OBV slope

20-period OBV slope

-0.51%Bearish
Volume ratio

Relative to 20-period average volume

6.09xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,329.8Range
Support

Nearest Downside Decision Level

$1,294Range

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