US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

4 hoursBullish64%
4h Upside probability 64%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 $1,329 and reclaim $1,403.2.

Invalidation Trigger

Lose $1,329 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 52.5, MACD -0.603

4h
Volatility EnvironmentBullish
Low volatility

ATR is $14.21 (1.04%)

4h

EMA Structure

Bullish
EMA 8$1,374.7Bearish
EMA 21$1,368.8Bullish
EMA 50$1,354.7Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.5 · MACD -0.603

Neutral zone

Strength
Range
Volatility
ATR $14.21 · BB 4.18%

Low volatility

Strength
Bullish
Volume
MFI 43.7 · OBV 17.39%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,329 - $1,403.2

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+3.38% · 3.3 ATR above latest close

$1,417.4
Nearest resistance

+2.35% · 2.3 ATR above · 34-bar high

$1,403.2
Current price

Price shown is delayed

$1,371.1
Nearest support

-3.07% · 3.0 ATR below · 34-bar low

$1,329
Deeper support zone

-4.11% · 4.0 ATR below latest close

$1,314.7
ATR zone

Latest close ± ATR14

$1,356.9 - $1,385.3

Indicators

Trend

Dow Theory Structure

Confirmation $1,403.2, invalidation $1,353.9

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

Trend strength is active

48.3 / 35.9 / 20.5Bullish
Supertrend (10,3)

Price is above Supertrend

$1,326.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,372.3 / $1,357.7Bearish
Donchian Channel (20)

20-period breakout channel position

52%Range

Volatility

ATR (14)

Low volatility

$14.21 (1.04%)Bullish
Bollinger Bands (20,2)

Width 4.18%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,398.7 / $1,339.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,356.9 / $1,385.3Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,403.2Range
Support

Nearest Downside Decision Level

$1,329Range

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is negative

-0.603Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.8 / 37.9Bearish
Williams %R (14)

Neutral zone

-65.2Range
CCI (20)

Balanced zone

17.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.7Bearish
OBV slope

20-period OBV slope

17.39%Bullish
Volume ratio

Relative to 20-period average volume

1.52xBullish

Trend

Dow Theory Structure

Confirmation $1,403.2, invalidation $1,353.9

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

Trend strength is active

48.3 / 35.9 / 20.5Bullish
Supertrend (10,3)

Price is above Supertrend

$1,326.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,372.3 / $1,357.7Bearish
Donchian Channel (20)

20-period breakout channel position

52%Range

Momentum

RSI (14)

Neutral zone

52.5Range
MACD (12,26,9)

Histogram is negative

-0.603Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.8 / 37.9Bearish
Williams %R (14)

Neutral zone

-65.2Range
CCI (20)

Balanced zone

17.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$14.21 (1.04%)Bullish
Bollinger Bands (20,2)

Width 4.18%

57%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,398.7 / $1,339.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,356.9 / $1,385.3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.7Bearish
OBV slope

20-period OBV slope

17.39%Bullish
Volume ratio

Relative to 20-period average volume

1.52xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,403.2Range
Support

Nearest Downside Decision Level

$1,329Range

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