The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Grainger (W.W.) Inc.
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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 264.99
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW dropped -15.86 points, or -5.59%, and closed at 267.69 on Friday, May 10, 2019. Weekly volume was -19% below average.

Long-term trend: [See GWW long-term trend chart]
A long-term uptrend had started on August 28, 2017 at 155.00 and reached 372.06 on August 21, 2018. GWW gained -217.06 points, or -140.04%, in 51 weeks. The price is now at the 48.08% retracement level.

Medium-term trend: [See GWW medium-term trend chart]
A medium-term uptrend had started on October 23, 2018 at 265.00 and reached 321.07 on December 3, 2018. GWW gained -56.07 points, or -21.16%, in 5 weeks. The chart has formed a Rectangle chart pattern. The price is near the trend support (264.99) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See GWW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 below its signal line since April 26, 2019. The distance between MACD and the signal line is low, but getting bigger. 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 April 5, 2019 at 318.90 and reached 266.23 on May 10, 2019. GWW lost 52.67 points, or 16.52%, in 35 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 261.06 and resistance is at 279.13. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See GWW daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 12, 2019. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.85
Williams' Percentage Range (W%R) 90.40
Strong Oversold
Lane's Stochastic (%D-Slow) 18.84
Oversold Bullish
Greed/Fear Indicator (GFI) 18.09
Oversold
Moving Average Converg./Diverg. (MACD) -5.99 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.84
Williams' Percentage Range (W%R) 91.50
Strong Oversold
Lane's Stochastic (%D-Slow) 34.43
Greed/Fear Indicator (GFI) 27.24
Moving Average Converg./Diverg. (MACD) -1.84
Trading Signals
Description Value Chart
Upper Bollinger Band 311.01
50 Day Moving Average 296.35
20 Day Moving Average 288.77
Weekly Stochastic Crossing 279.45
Weekly Trendline Resistance 279.13
Parabolic System 276.82
Daily Stochastic Crossing 269.43
Price 267.69
Monthly Trendline Support 264.99
Weekly Trendline Support 261.06
Lower Bollinger Band 261.02
Sector and Industry
Description Name Rank
Sector Services 7
Industry Electronics Wholesale 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 284.41
High Date 05/03/2019
Low 266.23
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 279.13
Support 261.06
High 318.90
High Date 04/05/2019
Low 266.23
Low Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rectangle
Status Test Support
Resistance 321.79
Support 264.99
Low 265.00
Low Date 10/23/2018
High 321.07
High Date 12/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 372.06
High Date 08/21/2018
Low 265.00
Low Date 10/23/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.00
Low Date 08/28/2017
High 372.06
High Date 08/21/2018
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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