The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 4/25/2025 -
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Grainger (W.W.) Inc. (GWW) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
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It was a third consecutive positive week for the Grainger (W.W.) Inc. (GWW). During the week, the GWW gained 11.18 points, or 1.11%, and closed at 1013.87 on Friday, April 25, 2025. Weekly volume was -11% 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 1228.00 on November 11, 2024. GWW gained -1073.00 points, or -692.26%, in 376 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (352.30) 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 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 836.13 and resistance is at 1177.13. 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 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. 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 1022.33 on April 25, 2025. GWW gained -128.33 points, or -14.35%, in 18 days. The price is now at the 6.59% retracement level.

Daily Technical Indicators: [See GWW daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.74
Williams' Percentage Range (W%R) 0.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.46
Overbought Bearish
Greed/Fear Indicator (GFI) 82.40
Overbought
Moving Average Converg./Diverg. (MACD) -1.20 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.58
Williams' Percentage Range (W%R) 60.00
Lane's Stochastic (%D-Slow) 41.48
Greed/Fear Indicator (GFI) 41.47
Moving Average Converg./Diverg. (MACD) -7.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 1177.13
Upper Bollinger Band 1043.05
Daily Stochastic Crossing 1014.00
Price 1013.87
Monthly Trendline Resistance 1006.64
50 Day Moving Average 990.10
20 Day Moving Average 981.62
Parabolic System 980.71
Weekly Stochastic Crossing 958.98
Lower Bollinger Band 935.80
Monthly Trendline Support 874.52
Quarterly Trendline Support 836.13
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Industrial Machinery 33
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 968.11
Low Date 04/21/2025
High 1022.33
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 894.00
Low Date 04/07/2025
High 1022.33
High Date 04/25/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 1006.64
Support 874.52
High 1228.00
High Date 11/11/2024
Low 894.00
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 1177.13
Support 836.13
Low 200.61
Low Date 03/23/2020
High 1228.00
High Date 11/11/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 249.65
Support 352.30
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.