The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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Grainger (W.W.) Inc. (GWW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving Average
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It was the negative week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW gave back -2.47 points, or -0.24%, and closed at 1014.83 on Friday, April 5, 2024. Weekly volume was -39% below average.

GWW is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GWW long-term trend chart]
A long-term uptrend had started on August 28, 2017 at 155.00 and reached 1034.18 on March 21, 2024. GWW gained -879.18 points, or -567.21%, in 342 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (327.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See GWW medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 200.61 and reached 1034.18 on March 21, 2024. GWW gained -833.57 points, or -415.52%, in 208 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (772.57) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See GWW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See GWW short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 1034.18 and reached 990.64 on April 4, 2024. GWW lost 43.54 points, or 4.21%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 988.33 and resistance is at 1018.76. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See GWW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.57
Williams' Percentage Range (W%R) 43.30
Lane's Stochastic (%D-Slow) 30.21
Greed/Fear Indicator (GFI) 48.16
Moving Average Converg./Diverg. (MACD) 16.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.61
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 88.42
Overbought
Greed/Fear Indicator (GFI) 80.68
Overbought
Moving Average Converg./Diverg. (MACD) 60.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 1066.17
Upper Bollinger Band 1035.26
Parabolic System 1034.32
Weekly Stochastic Crossing 1020.05
Weekly Trendline Resistance 1018.76
Price 1014.83
Monthly Trendline Support 1005.88
Daily Stochastic Crossing 1000.72
20 Day Moving Average 1000.60
Weekly Trendline Support 988.33
50 Day Moving Average 968.51
Lower Bollinger Band 961.67
Quarterly Trendline Resistance 909.72
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 990.64
Low Date 04/04/2024
High 1018.54
High Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 1018.76
Support 988.33
High 1034.18
High Date 03/21/2024
Low 990.64
Low Date 04/04/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1066.17
Support 1005.88
Low 674.41
Low Date 10/25/2023
High 1034.18
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 909.72
Support 772.57
Low 200.61
Low Date 03/23/2020
High 1034.18
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 268.91
Support 327.20
Low 155.00
Low Date 08/28/2017
High 1034.18
High Date 03/21/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.