The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Grainger (W.W.) Inc.
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldTrend support at 285.41
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW gained 5.37 points, or 1.92%, and closed at 284.50 on Friday, January 11, 2019. Weekly volume was -27% 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 chart has formed a Falling Pennant chart pattern. The price is near the trend support (285.41) 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 long-term trend.

Medium-term trend: [See GWW medium-term trend chart]
A medium-term downtrend had started on December 3, 2018 at 321.07 and reached 266.08 on December 24, 2018. GWW lost 54.99 points, or 17.13%, in 3 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (266.58) is broken. A broken support is considered to be a long-term bullish signal. 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 is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 September 21, 2018. This is an indication that the medium-term trend is down. 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 January 3, 2019 at 266.33 and reached 285.24 on January 11, 2019. GWW gained -18.91 points, or -7.10%, in 8 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 above its signal line since January 3, 2019. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.76
Williams' Percentage Range (W%R) 31.00
Lane's Stochastic (%D-Slow) 75.95
Greed/Fear Indicator (GFI) 67.56
Moving Average Converg./Diverg. (MACD) -4.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.34
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 24.89
Greed/Fear Indicator (GFI) 28.78
Moving Average Converg./Diverg. (MACD) -1.98
Trading Signals
Description Value Chart
Yearly Trendline Resistance 302.66
Upper Bollinger Band 292.68
50 Day Moving Average 290.13
Yearly Trendline Support 285.41
Price 284.50
Daily Stochastic Crossing 281.64
Weekly Stochastic Crossing 279.38
20 Day Moving Average 279.14
Lower Bollinger Band 271.62
Parabolic System 267.91
Monthly Trendline Resistance 267.22
Monthly Trendline Support 266.58
Sector and Industry
Description Name Rank
Sector Services 4
Industry Electronics Wholesale 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 266.33
Low Date 01/03/2019
High 285.24
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 266.08
Low Date 12/24/2018
High 285.86
High Date 12/28/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 267.22
Support 266.58
High 321.07
High Date 12/03/2018
Low 266.08
Low Date 12/24/2018
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 Falling Pennant
Status Test Support
Resistance 302.66
Support 285.41
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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