W.W. GRAINGER INC.
W.W. GRAINGER INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: GWW
ISIN:

W.W. GRAINGER INC. - 1H - Technical analysis published on 11/15/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
28%
56%
17%
My opinion
Bearish under 1,197.82 USD
My targets
1,125.06 USD (-4.25%)
1,091.96 USD (-7.07%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for W.W. GRAINGER INC. as long as the price remains well below 1,197.82 USD. The sellers' bearish objective is set at 1,125.06 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,091.96 USD. If there is any crossing, the next objective would be the support located at 1,023.43 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The W.W. GRAINGER INC. rating is 1,174.98 USD. On the day, this instrument lost -0.09% and was between 1,168.82 USD and 1,178.43 USD. This implies that the price is at +0.53% from its lowest and at -0.29% from its highest.

1,168.82
1,178.43
1,174.98

Here is a more detailed summary of the historical variations registered by W.W. GRAINGER INC.:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of W.W. GRAINGER INC. indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,023.43 1,091.96 1,125.06 1,174.98 1,177.70 1,197.82 1,227.66
Change (%) -12.90% -7.07% -4.25% - +0.23% +1.94% +4.48%
Change -151.55 -83.02 -49.92 - +2.72 +22.84 +52.68
Level Major Minor Major - Intermediate Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,127.771,147.021,161.511,180.761,195.251,214.501,228.99
Camarilla1,166.731,169.821,172.921,176.011,179.101,182.201,185.29
Woodie1,125.401,145.831,159.141,179.571,192.881,213.311,226.62
Fibonacci1,147.021,159.911,167.871,180.761,193.651,201.611,214.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,008.161,050.161,126.261,168.261,244.361,286.361,362.46
Camarilla1,169.871,180.701,191.521,202.351,213.181,224.001,234.83
Woodie1,025.201,058.691,143.301,176.791,261.401,294.891,379.50
Fibonacci1,050.161,095.281,123.151,168.261,213.381,241.251,286.36


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard928.85972.841,040.081,084.071,151.311,195.301,262.54
Camarilla1,076.731,086.931,097.121,107.321,117.521,127.711,137.91
Woodie940.48978.651,051.711,089.881,162.941,201.111,274.17
Fibonacci972.841,015.331,041.581,084.071,126.561,152.811,195.30

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 36.13
MACD (12,26,9): -7.0200
Directional Movement: -14.34
AROON (14): -50.00
DEMA (21): 1,175.89
Parabolic SAR (0,02-0,02-0,2): 1,166.49
Elder Ray (13): -4.03
Super Trend (3,10): 1,193.06
Zig ZAG (10): 1,175.79
VORTEX (21): 0.7700
Stochastique (14,3,5): 24.56
TEMA (21): 1,166.80
Williams %R (14): -71.35
Chande Momentum Oscillator (20): -7.08
Repulse (5,40,3): 0.0300
ROCnROLL: 2
TRIX (15,9): -0.0800
Courbe Coppock: 4.53
MA7: 1,196.07
MA20: 1,138.06
MA50: 1,076.86
MA100: 1,011.98
MAexp7: 1,176.22
MAexp20: 1,184.09
MAexp50: 1,182.96
MAexp100: 1,162.43
Price / MA7: -1.76%
Price / MA20: +3.24%
Price / MA50: +9.11%
Price / MA100: +16.11%
Price / MAexp7: -0.11%
Price / MAexp20: -0.77%
Price / MAexp50: -0.67%
Price / MAexp100: +1.08%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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