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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/16/2026 -
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Grainger (W.W.) Inc. (GWW) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW gained 38.90 points, or 3.78%, and closed at 1068.72 on Friday, January 16, 2026. Weekly volume was -30% below average.

GWW is a member of Industrials Sector. Industrials is the 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 1228.00 on November 11, 2024. GWW gained -1073.00 points, or -692.26%, in 376 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 304.06 and resistance is at 1389.24. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See GWW medium-term trend chart]
A medium-term downtrend had started on November 11, 2024 at 1228.00 and reached 894.00 on April 7, 2025. GWW lost 334.00 points, or 27.20%, in 21 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (909.63) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GWW may retest the broken resistance line. It is considered to be a support line now. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 5, 2025. 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 5, 2026 at 996.28 and reached 1074.30 on January 16, 2026. GWW gained -78.02 points, or -7.83%, in 11 days. The price is now at the 7.15% retracement level.

Daily Technical Indicators: [See GWW daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 65.32
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 91.93
Strong Overbought
Greed/Fear Indicator (GFI) 78.88
Moving Average Converg./Diverg. (MACD) 14.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.93
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 88.21
Overbought
Greed/Fear Indicator (GFI) 79.10
Moving Average Converg./Diverg. (MACD) -9.78
Trading Signals
Description Value Chart
Daily Stochastic Crossing 1071.46
Price 1068.72
Upper Bollinger Band 1061.49
Weekly Stochastic Crossing 1054.37
Monthly Trendline Resistance 1043.79
Monthly Trendline Support 1030.27
20 Day Moving Average 1029.50
Parabolic System 1026.14
Lower Bollinger Band 994.48
50 Day Moving Average 988.60
Quarterly Trendline Resistance 941.50
Quarterly Trendline Support 909.63
Sector and Industry
Description Name Rank
Sector Industrials 11
Industry Industrial Machinery 99
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1023.51
Low Date 01/13/2026
High 1074.30
High Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 996.28
Low Date 01/05/2026
High 1074.30
High Date 01/16/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 1043.79
Support 1030.27
Low 906.52
Low Date 11/19/2025
High 1074.30
High Date 01/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 941.50
Support 909.63
High 1228.00
High Date 11/11/2024
Low 894.00
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 1389.24
Support 304.06
Low 155.00
Low Date 08/28/2017
High 1228.00
High Date 11/11/2024
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.