US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

4 hoursRange49%
4h Range probability 98%Range

GWW 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $1,269.3 - $1,329.8 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 52.1, MACD 0.110

4h
Volatility EnvironmentBullish
Low volatility

ATR is $7.73 (0.59%)

4h

EMA Structure

Bearish
EMA 8$1,308Bullish
EMA 21$1,309.1Bullish
EMA 50$1,316.8Bearish

Signals

CategoryReadStrength
Momentum
RSI 52.1 · MACD 0.110

Neutral zone

Strength
Bullish
Volatility
ATR $7.73 · BB 2.20%

Low volatility

Strength
Bullish
Volume
MFI 53.1 · OBV -13.83%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,269.3 - $1,329.8

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.93% · 3.3 ATR above latest close

$1,337.6
Nearest resistance

+1.34% · 2.3 ATR above · 34-bar high

$1,329.8
Current price

Price shown is delayed

$1,312.2
Nearest support

-3.27% · 5.6 ATR below · 34-bar low

$1,269.3
Deeper support zone

-3.86% · 6.6 ATR below latest close

$1,261.6
ATR zone

Latest close ± ATR14

$1,304.5 - $1,320

Indicators

Trend

Dow Theory Structure

Confirmation $1,294, invalidation $1,313.2

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

35.0 / 34.5 / 23.3Bullish
Supertrend (10,3)

Price is above Supertrend

$1,287.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,311.9 / $1,326.5Bearish
Donchian Channel (20)

20-period breakout channel position

51%Bullish

Volatility

ATR (14)

Low volatility

$7.73 (0.59%)Bullish
Bollinger Bands (20,2)

Width 2.20%

49%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,325.5 / $1,292.4Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,304.5 / $1,320Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,329.8Range
Support

Nearest Downside Decision Level

$1,269.3Range

Momentum

RSI (14)

Neutral zone

52.1Range
MACD (12,26,9)

Histogram is positive

0.110Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

50.9 / 43.6Bullish
Williams %R (14)

Neutral zone

-49.1Range
CCI (20)

Balanced zone

-12.1Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.1Range
OBV slope

20-period OBV slope

-13.83%Bearish
Volume ratio

Relative to 20-period average volume

2.80xBullish

Trend

Dow Theory Structure

Confirmation $1,294, invalidation $1,313.2

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

35.0 / 34.5 / 23.3Bullish
Supertrend (10,3)

Price is above Supertrend

$1,287.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,311.9 / $1,326.5Bearish
Donchian Channel (20)

20-period breakout channel position

51%Bullish

Momentum

RSI (14)

Neutral zone

52.1Range
MACD (12,26,9)

Histogram is positive

0.110Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

50.9 / 43.6Bullish
Williams %R (14)

Neutral zone

-49.1Range
CCI (20)

Balanced zone

-12.1Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$7.73 (0.59%)Bullish
Bollinger Bands (20,2)

Width 2.20%

49%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,325.5 / $1,292.4Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,304.5 / $1,320Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.1Range
OBV slope

20-period OBV slope

-13.83%Bearish
Volume ratio

Relative to 20-period average volume

2.80xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,329.8Range
Support

Nearest Downside Decision Level

$1,269.3Range

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