US stock / ETF

W.W. Grainger, Inc.

GWW · NYSE · USD

4 hoursBullish91%
4h Upside probability 91%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 $1,221 and reclaim $1,369.4.

Invalidation Trigger

Lose $1,221 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 58.4, MACD -1.710

4h
Volatility EnvironmentRange
Low volatility

ATR is $20.67 (1.54%)

4h

EMA Structure

Bullish
EMA 8$1,336.6Bullish
EMA 21$1,325Bullish
EMA 50$1,293.7Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.4 · MACD -1.710

Momentum is strong

Strength
Bullish
Volatility
ATR $20.67 · BB 4.49%

Low volatility

Strength
Range
Volume
MFI 50.0 · OBV -34.21%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,221 - $1,369.4

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.65% · 2.4 ATR above latest close

$1,390
Nearest resistance

+2.1% · 1.4 ATR above · 34-bar high

$1,369.4
Current price

Price shown is delayed

$1,341.2
Nearest support

-8.96% · 5.8 ATR below · 34-bar low

$1,221
Deeper support zone

-10.5% · 6.8 ATR below latest close

$1,200.3
ATR zone

Latest close ± ATR14

$1,320.5 - $1,361.8

Indicators

Trend

Dow Theory Structure

Confirmation $1,369.4, invalidation $1,312.3

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

Trend strength is active

25.7 / 23.7 / 18.6Bullish
Supertrend (10,3)

Price is above Supertrend

$1,273.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,333 / $1,295.2Bullish
Donchian Channel (20)

20-period breakout channel position

56%Bullish

Volatility

ATR (14)

Low volatility

$20.67 (1.54%)Range
Bollinger Bands (20,2)

Width 4.49%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,372 / $1,280.1Range
ATR channel lower / upper

Current Volatility Envelope

$1,320.5 / $1,361.8Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,369.4Range
Support

Nearest Downside Decision Level

$1,221Range

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is negative

-1.710Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

56.3 / 48.1Bullish
Williams %R (14)

Neutral zone

-43.7Range
CCI (20)

Balanced zone

72.8Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.0Range
OBV slope

20-period OBV slope

-34.21%Bearish
Volume ratio

Relative to 20-period average volume

0.47xBearish

Trend

Dow Theory Structure

Confirmation $1,369.4, invalidation $1,312.3

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

Trend strength is active

25.7 / 23.7 / 18.6Bullish
Supertrend (10,3)

Price is above Supertrend

$1,273.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,333 / $1,295.2Bullish
Donchian Channel (20)

20-period breakout channel position

56%Bullish

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is negative

-1.710Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

56.3 / 48.1Bullish
Williams %R (14)

Neutral zone

-43.7Range
CCI (20)

Balanced zone

72.8Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$20.67 (1.54%)Range
Bollinger Bands (20,2)

Width 4.49%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,372 / $1,280.1Range
ATR channel lower / upper

Current Volatility Envelope

$1,320.5 / $1,361.8Range

Volume / Money Flow

MFI (14)

Money flow is neutral

50.0Range
OBV slope

20-period OBV slope

-34.21%Bearish
Volume ratio

Relative to 20-period average volume

0.47xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,369.4Range
Support

Nearest Downside Decision Level

$1,221Range

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