The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Grainger (W.W.) Inc.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceThe 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 12.30 points, or 3.63%, and closed at 351.30 on Friday, August 10, 2018. Weekly volume was -46% 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 358.63 on August 9, 2018. GWW gained -203.63 points, or -131.37%, in 49 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (303.97) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 July 5, 2018 at 292.92 and reached 358.63 on August 9, 2018. GWW gained -65.71 points, or -22.43%, in 5 weeks. The price is now at the 11.16% retracement level.

Weekly Technical Indicators: [See GWW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 20, 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 August 2, 2018 at 337.31 and reached 358.63 on August 9, 2018. GWW gained -21.32 points, or -6.32%, in 7 days. The price is now at the 34.38% retracement level.

Daily Technical Indicators: [See GWW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily 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 daily MACD bearish divergence.

The daily MACD line is above its signal line since July 17, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 58.56
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 78.18
Greed/Fear Indicator (GFI) 73.63
Moving Average Converg./Diverg. (MACD) 8.80 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.70
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 79.25
Bearish
Greed/Fear Indicator (GFI) 76.45
Moving Average Converg./Diverg. (MACD) 21.13
Trading Signals
Description Value Chart
Upper Bollinger Band 363.57
Daily Stochastic Crossing 354.60
Price 351.30
Weekly Stochastic Crossing 348.07
Parabolic System 340.09
20 Day Moving Average 339.30
Yearly Trendline Resistance 331.59
50 Day Moving Average 321.87
Lower Bollinger Band 312.86
Yearly Trendline Support 303.97
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Wholesale 132
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 337.31
Low Date 08/02/2018
High 358.63
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 337.31
Low Date 08/02/2018
High 358.63
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 337.31
Low Date 08/02/2018
High 358.63
High Date 08/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 292.92
Low Date 07/05/2018
High 358.63
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 331.59
Support 303.97
Low 155.00
Low Date 08/28/2017
High 358.63
High Date 08/09/2018
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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