US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

1 hourBullish73%
1h Upside probability 73%Bullish

GWW 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,304.8 and reclaim $1,369.4.

Invalidation Trigger

Lose $1,304.8 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 52.7, MACD 0.451

1h
Volatility EnvironmentBullish
Low volatility

ATR is $8.09 (0.6%)

1h

EMA Structure

Bullish
EMA 8$1,339.1Bullish
EMA 21$1,338Bullish
EMA 50$1,332.7Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.7 · MACD 0.451

Neutral zone

Strength
Bullish
Volatility
ATR $8.09 · BB 3.27%

Low volatility

Strength
Bullish
Volume
MFI 51.0 · OBV -17.01%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,304.8 - $1,369.4

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.71% · 4.5 ATR above latest close

$1,377.5
Nearest resistance

+2.1% · 3.5 ATR above · 34-bar high

$1,369.4
Current price

Price shown is delayed

$1,341.2
Nearest support

-2.71% · 4.5 ATR below · 34-bar low

$1,304.8
Deeper support zone

-3.31% · 5.5 ATR below latest close

$1,296.7
ATR zone

Latest close ± ATR14

$1,333.1 - $1,349.2

Indicators

Trend

Dow Theory Structure

Confirmation $1,347.1, invalidation $1,337

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

Trend strength is active

38.1 / 26.0 / 37.7Bearish
Supertrend (10,3)

Price is above Supertrend

$1,325.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,337.5 / $1,337.1Bullish
Donchian Channel (20)

20-period breakout channel position

60%Range

Volatility

ATR (14)

Low volatility

$8.09 (0.6%)Bullish
Bollinger Bands (20,2)

Width 3.27%

56%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,350.6 / $1,325.5Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,333.1 / $1,349.2Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,369.4Range
Support

Nearest Downside Decision Level

$1,304.8Range

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is positive

0.451Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

82.0 / 77.5Bullish
Williams %R (14)

Overbought zone

-18.0Bearish
CCI (20)

Balanced zone

31.5Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.0Range
OBV slope

20-period OBV slope

-17.01%Bearish
Volume ratio

Relative to 20-period average volume

0.72xBearish

Trend

Dow Theory Structure

Confirmation $1,347.1, invalidation $1,337

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

Trend strength is active

38.1 / 26.0 / 37.7Bearish
Supertrend (10,3)

Price is above Supertrend

$1,325.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,337.5 / $1,337.1Bullish
Donchian Channel (20)

20-period breakout channel position

60%Range

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is positive

0.451Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

82.0 / 77.5Bullish
Williams %R (14)

Overbought zone

-18.0Bearish
CCI (20)

Balanced zone

31.5Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$8.09 (0.6%)Bullish
Bollinger Bands (20,2)

Width 3.27%

56%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,350.6 / $1,325.5Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,333.1 / $1,349.2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.0Range
OBV slope

20-period OBV slope

-17.01%Bearish
Volume ratio

Relative to 20-period average volume

0.72xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,369.4Range
Support

Nearest Downside Decision Level

$1,304.8Range

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