The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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Grainger (W.W.) Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :The price has risen above the Parabolic SAR
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It was a first positive week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW gained 4.89 points, or 1.58%, and closed at 314.59 on Friday, June 08, 2018. Weekly volume was -50% below average.

GWW is a member of Services Sector. Services is the second 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 317.51 on May 21, 2018. GWW gained -162.51 points, or -104.85%, in 38 weeks. Price is near the trend high.

Medium-term trend: [See GWW medium-term trend chart]
A medium-term uptrend had started on April 26, 2018 at 270.23 and reached 317.51 on May 21, 2018. GWW gained -47.28 points, or -17.50%, in 3 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 310.07 and resistance is at 323.18. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See GWW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See GWW short-term trend chart]
A short-term uptrend had started on June 6, 2018 at 306.26 and reached 314.96 on June 8, 2018. GWW gained -8.70 points, or -2.84%, in 2 days. Price is near the trend high.

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

The daily MACD line is below its signal line since June 5, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.27
Williams' Percentage Range (W%R) 20.80
Lane's Stochastic (%D-Slow) 79.28
Greed/Fear Indicator (GFI) 71.93
Moving Average Converg./Diverg. (MACD) 5.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.28
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 79.73
Greed/Fear Indicator (GFI) 77.05
Moving Average Converg./Diverg. (MACD) 20.92 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 323.18
Upper Bollinger Band 316.78
Price 314.59
Daily Stochastic Crossing 313.54
Quarterly Trendline Support 310.07
Weekly Stochastic Crossing 309.52
20 Day Moving Average 307.63
Parabolic System 298.97
Lower Bollinger Band 295.52
50 Day Moving Average 294.30
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Wholesale 78
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 306.26
Low Date 06/06/2018
High 314.96
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 306.26
Low Date 06/06/2018
High 314.96
High Date 06/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 306.26
Low Date 06/06/2018
High 314.96
High Date 06/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 323.18
Support 310.07
Low 270.23
Low Date 04/26/2018
High 317.51
High Date 05/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.00
Low Date 08/28/2017
High 317.51
High Date 05/21/2018
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.

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