US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

4 hoursBullish67%
4h Upside probability 67%Bullish

GWW 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $1,236.3 and reclaim $1,293.9.

Invalidation Trigger

Lose $1,236.3 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 59.5, MACD 4.333

4h
Volatility EnvironmentBullish
Low volatility

ATR is $9.55 (0.75%)

4h

EMA Structure

Range
EMA 8$1,275.2Bullish
EMA 21$1,267.2Bullish
EMA 50$1,270.1Bullish

Signals

CategoryReadStrength
Momentum
RSI 59.5 · MACD 4.333

Momentum is strong

Strength
Bullish
Volatility
ATR $9.55 · BB 4.93%

Low volatility

Strength
Bullish
Volume
MFI 40.0 · OBV -2.49%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,236.3 - $1,293.9

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.81% · 2.4 ATR above latest close

$1,303.4
Nearest resistance

+1.06% · 1.4 ATR above · 34-bar high

$1,293.9
Current price

Price shown is delayed

$1,280.3
Nearest support

-3.44% · 4.6 ATR below · 34-bar low

$1,236.3
Deeper support zone

-4.18% · 5.6 ATR below latest close

$1,226.7
ATR zone

Latest close ± ATR14

$1,270.8 - $1,289.8

Indicators

Trend

Dow Theory Structure

Confirmation $1,293.6, invalidation $1,240

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

Trend strength is active

34.4 / 46.3 / 18.9Bullish
Supertrend (10,3)

Price is above Supertrend

$1,251.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,266 / $1,266.5Bullish
Donchian Channel (20)

20-period breakout channel position

77%Bullish

Volatility

ATR (14)

Low volatility

$9.55 (0.75%)Bullish
Bollinger Bands (20,2)

Width 4.93%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,286.8 / $1,247.9Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,270.8 / $1,289.8Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,293.9Range
Support

Nearest Downside Decision Level

$1,236.3Range

Momentum

RSI (14)

Momentum is strong

59.5Bullish
MACD (12,26,9)

Histogram is positive

4.333Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.1 / 80.4Bearish
Williams %R (14)

Neutral zone

-24.9Range
CCI (20)

Strong expansion

105.8Bullish
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

40.0Bearish
OBV slope

20-period OBV slope

-2.49%Bearish
Volume ratio

Relative to 20-period average volume

1.51xBullish

Trend

Dow Theory Structure

Confirmation $1,293.6, invalidation $1,240

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

Trend strength is active

34.4 / 46.3 / 18.9Bullish
Supertrend (10,3)

Price is above Supertrend

$1,251.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,266 / $1,266.5Bullish
Donchian Channel (20)

20-period breakout channel position

77%Bullish

Momentum

RSI (14)

Momentum is strong

59.5Bullish
MACD (12,26,9)

Histogram is positive

4.333Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.1 / 80.4Bearish
Williams %R (14)

Neutral zone

-24.9Range
CCI (20)

Strong expansion

105.8Bullish
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$9.55 (0.75%)Bullish
Bollinger Bands (20,2)

Width 4.93%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,286.8 / $1,247.9Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,270.8 / $1,289.8Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

40.0Bearish
OBV slope

20-period OBV slope

-2.49%Bearish
Volume ratio

Relative to 20-period average volume

1.51xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,293.9Range
Support

Nearest Downside Decision Level

$1,236.3Range

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