US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

4 hoursBullish59%
4h Upside probability 59%Bullish

GWW 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,333 and reclaim $1,417.8.

Invalidation Trigger

Lose $1,333 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

4h
Momentum StateRange
Momentum mixed

RSI 48.8, MACD 0.159

4h
Volatility EnvironmentBullish
Low volatility

ATR is $17.37 (1.27%)

4h

EMA Structure

Bullish
EMA 8$1,374.7Bearish
EMA 21$1,374.2Bearish
EMA 50$1,371.1Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.8 · MACD 0.159

Neutral zone

Strength
Range
Volatility
ATR $17.37 · BB 4.84%

Low volatility

Strength
Bullish
Volume
MFI 45.4 · OBV -3.79%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,333 - $1,417.8

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.66% · 3.7 ATR above latest close

$1,435.2
Nearest resistance

+3.39% · 2.7 ATR above · 34-bar high

$1,417.8
Current price

Price shown is delayed

$1,371.3
Nearest support

-2.79% · 2.2 ATR below · 34-bar low

$1,333
Deeper support zone

-4.05% · 3.2 ATR below latest close

$1,315.7
ATR zone

Latest close ± ATR14

$1,353.9 - $1,388.6

Indicators

Trend

Dow Theory Structure

Confirmation $1,392.8, invalidation $1,333

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

Trend strength is moderate

19.0 / 19.0 / 47.5Bearish
Supertrend (10,3)

Price is above Supertrend

$1,314.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,369.2 / $1,375.4Bearish
Donchian Channel (20)

20-period breakout channel position

45%Range

Volatility

ATR (14)

Low volatility

$17.37 (1.27%)Bullish
Bollinger Bands (20,2)

Width 4.84%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,412 / $1,336.4Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,353.9 / $1,388.6Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,417.8Range
Support

Nearest Downside Decision Level

$1,333Range

Momentum

RSI (14)

Neutral zone

48.8Range
MACD (12,26,9)

Histogram is positive

0.159Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.0 / 52.8Bullish
Williams %R (14)

Neutral zone

-42.0Range
CCI (20)

Balanced zone

-27.6Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.4Range
OBV slope

20-period OBV slope

-3.79%Bearish
Volume ratio

Relative to 20-period average volume

1.04xRange

Trend

Dow Theory Structure

Confirmation $1,392.8, invalidation $1,333

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

Trend strength is moderate

19.0 / 19.0 / 47.5Bearish
Supertrend (10,3)

Price is above Supertrend

$1,314.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,369.2 / $1,375.4Bearish
Donchian Channel (20)

20-period breakout channel position

45%Range

Momentum

RSI (14)

Neutral zone

48.8Range
MACD (12,26,9)

Histogram is positive

0.159Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.0 / 52.8Bullish
Williams %R (14)

Neutral zone

-42.0Range
CCI (20)

Balanced zone

-27.6Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$17.37 (1.27%)Bullish
Bollinger Bands (20,2)

Width 4.84%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,412 / $1,336.4Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,353.9 / $1,388.6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.4Range
OBV slope

20-period OBV slope

-3.79%Bearish
Volume ratio

Relative to 20-period average volume

1.04xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,417.8Range
Support

Nearest Downside Decision Level

$1,333Range

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