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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Grainger (W.W.) Inc. (GWW) Technical Analysis
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| Summary:
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| | It was a fourth consecutive positive week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW gained 54.13 points, or 5.34%, and closed at 1068.00 on Friday, May 2, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 42% above average.
 Long-term trend: [See GWW long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 200.61 and reached 1228.00 on November 11, 2024. GWW gained -1027.39 points, or -512.13%, in 242 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 838.58 and resistance is at 1180.69. 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 Falling Channel chart pattern. The downtrend resistance line (853.42) 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 technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 April 7, 2025 at 894.00 and reached 1082.95 on May 1, 2025. GWW gained -188.95 points, or -21.14%, in 24 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (1017.28) 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 short-term trend.
 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. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily 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 daily 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 daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up.
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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
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