US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

4 hoursBullish90%
4h Upside probability 90%Bullish

GWW 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $1,308.5 and reclaim $1,521.4.

Invalidation Trigger

Lose $1,308.5 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 65.7, MACD 0.729

4h
Volatility EnvironmentBullish
Low volatility

ATR is $14.03 (0.93%)

4h

EMA Structure

Bullish
EMA 8$1,491.1Bullish
EMA 21$1,468.6Bullish
EMA 50$1,427.5Bullish

Signals

CategoryReadStrength
Momentum
RSI 65.7 · MACD 0.729

Momentum is strong

Strength
Bullish
Volatility
ATR $14.03 · BB 6.14%

Low volatility

Strength
Bullish
Volume
MFI 45.5 · OBV -6254.65%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,308.5 - $1,521.4

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.18% · 2.3 ATR above latest close

$1,535.4
Nearest resistance

+1.25% · 1.3 ATR above · 34-bar high

$1,521.4
Current price

Price shown is delayed

$1,502.6
Nearest support

-12.92% · 13.8 ATR below · 34-bar low

$1,308.5
Deeper support zone

-13.85% · 14.8 ATR below latest close

$1,294.5
ATR zone

Latest close ± ATR14

$1,488.6 - $1,516.6

Indicators

Trend

Dow Theory Structure

Confirmation $1,501.9, invalidation $1,437

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

Trend strength is active

28.1 / 46.2 / 16.1Bullish
Supertrend (10,3)

Price is above Supertrend

$1,460.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,453.5 / $1,415Bullish
Donchian Channel (20)

20-period breakout channel position

94%Bullish

Volatility

ATR (14)

Low volatility

$14.03 (0.93%)Bullish
Bollinger Bands (20,2)

Width 6.14%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,498.5 / $1,442Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,488.6 / $1,516.6Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,521.4Range
Support

Nearest Downside Decision Level

$1,308.5Range

Momentum

RSI (14)

Momentum is strong

65.7Bullish
MACD (12,26,9)

Histogram is positive

0.729Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

83.8 / 92.1Bearish
Williams %R (14)

Overbought zone

-16.2Bearish
CCI (20)

Strong expansion

118.7Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.5Range
OBV slope

20-period OBV slope

-6254.65%Bearish
Volume ratio

Relative to 20-period average volume

1.51xBullish

Trend

Dow Theory Structure

Confirmation $1,501.9, invalidation $1,437

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

Trend strength is active

28.1 / 46.2 / 16.1Bullish
Supertrend (10,3)

Price is above Supertrend

$1,460.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,453.5 / $1,415Bullish
Donchian Channel (20)

20-period breakout channel position

94%Bullish

Momentum

RSI (14)

Momentum is strong

65.7Bullish
MACD (12,26,9)

Histogram is positive

0.729Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

83.8 / 92.1Bearish
Williams %R (14)

Overbought zone

-16.2Bearish
CCI (20)

Strong expansion

118.7Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$14.03 (0.93%)Bullish
Bollinger Bands (20,2)

Width 6.14%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,498.5 / $1,442Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,488.6 / $1,516.6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.5Range
OBV slope

20-period OBV slope

-6254.65%Bearish
Volume ratio

Relative to 20-period average volume

1.51xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,521.4Range
Support

Nearest Downside Decision Level

$1,308.5Range

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