US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

4 hoursBullish92%
4h Upside probability 92%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 $1,283.1 and reclaim $1,363.6.

Invalidation Trigger

Lose $1,283.1 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 60.7, MACD 0.499

4h
Volatility EnvironmentBullish
Low volatility

ATR is $13.02 (0.96%)

4h

EMA Structure

Bullish
EMA 8$1,350.3Bullish
EMA 21$1,338.3Bullish
EMA 50$1,318.3Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.7 · MACD 0.499

Momentum is strong

Strength
Bullish
Volatility
ATR $13.02 · BB 3.76%

Low volatility

Strength
Bullish
Volume
MFI 64.1 · OBV 1.21%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$1,283.1 - $1,363.6

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.81% · 1.9 ATR above latest close

$1,376.6
Nearest resistance

+0.84% · 0.9 ATR above · 34-bar high

$1,363.6
Current price

Price shown is delayed

$1,352.2
Nearest support

-5.11% · 5.3 ATR below · 34-bar low

$1,283.1
Deeper support zone

-6.08% · 6.3 ATR below latest close

$1,270
ATR zone

Latest close ± ATR14

$1,339.2 - $1,365.2

Indicators

Trend

Dow Theory Structure

Confirmation $1,359.3, invalidation $1,320.2

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

Trend strength is moderate

15.2 / 27.6 / 39.5Bearish
Supertrend (10,3)

Price is above Supertrend

$1,317.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,332.6 / $1,311.8Bullish
Donchian Channel (20)

20-period breakout channel position

78%Bullish

Volatility

ATR (14)

Low volatility

$13.02 (0.96%)Bullish
Bollinger Bands (20,2)

Width 3.76%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,364.7 / $1,313.6Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,339.2 / $1,365.2Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,363.6Range
Support

Nearest Downside Decision Level

$1,283.1Range

Momentum

RSI (14)

Momentum is strong

60.7Bullish
MACD (12,26,9)

Histogram is positive

0.499Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.7 / 86.7Bearish
Williams %R (14)

Neutral zone

-24.3Range
CCI (20)

Strong expansion

107.2Bullish
TD Sequential

Exhaustion setup is near completion

sell 10Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

64.1Bullish
OBV slope

20-period OBV slope

1.21%Bullish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Trend

Dow Theory Structure

Confirmation $1,359.3, invalidation $1,320.2

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

Trend strength is moderate

15.2 / 27.6 / 39.5Bearish
Supertrend (10,3)

Price is above Supertrend

$1,317.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,332.6 / $1,311.8Bullish
Donchian Channel (20)

20-period breakout channel position

78%Bullish

Momentum

RSI (14)

Momentum is strong

60.7Bullish
MACD (12,26,9)

Histogram is positive

0.499Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.7 / 86.7Bearish
Williams %R (14)

Neutral zone

-24.3Range
CCI (20)

Strong expansion

107.2Bullish
TD Sequential

Exhaustion setup is near completion

sell 10Bearish

Volatility

ATR (14)

Low volatility

$13.02 (0.96%)Bullish
Bollinger Bands (20,2)

Width 3.76%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,364.7 / $1,313.6Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,339.2 / $1,365.2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

64.1Bullish
OBV slope

20-period OBV slope

1.21%Bullish
Volume ratio

Relative to 20-period average volume

0.41xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,363.6Range
Support

Nearest Downside Decision Level

$1,283.1Range

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