The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Grainger (W.W.) Inc.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger BandThe Bollinger Bands are historically close together
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It was the negative week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW dropped -6.38 points, or -1.79%, and closed at 351.03 on Friday, October 05, 2018. It was the worst weekly loss since August 31, 2018. Weekly volume was -49% 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 372.06 on August 21, 2018. GWW gained -217.06 points, or -140.04%, in 51 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (347.60) 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 September 18, 2018 at 345.44 and reached 361.17 on October 1, 2018. GWW gained -15.73 points, or -4.55%, in 1 weeks. The price is now at the 64.46% retracement level.

Weekly Technical Indicators: [See GWW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 21, 2018. 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 October 3, 2018 at 360.71 and reached 347.05 on October 5, 2018. GWW lost 13.66 points, or 3.79%, in 2 days. The price is now at the 29.14% retracement level.

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

The daily MACD line is below its signal line since August 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands (2.56%) is close to one year low (2.52%). It is 79.09% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price 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) 49.09
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 47.04
Greed/Fear Indicator (GFI) 45.83
Moving Average Converg./Diverg. (MACD) 0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.64
Williams' Percentage Range (W%R) 25.20
Lane's Stochastic (%D-Slow) 63.88
Greed/Fear Indicator (GFI) 66.18
Moving Average Converg./Diverg. (MACD) 23.63
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 361.62
Parabolic System 360.95
Upper Bollinger Band 359.08
20 Day Moving Average 354.56
50 Day Moving Average 354.41
Daily Stochastic Crossing 353.35
Price 351.03
Lower Bollinger Band 350.08
Yearly Trendline Support 347.60
Yearly Trendline Resistance 341.33
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Wholesale 97
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 360.71
High Date 10/03/2018
Low 347.05
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 360.71
High Date 10/03/2018
Low 347.05
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 361.17
High Date 10/01/2018
Low 347.05
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 345.44
Low Date 09/18/2018
High 361.17
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 341.33
Support 347.60
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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