GWW finds buyers around 353.61 for the third day in a row

W.W. Grainger Inc. (GWW) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


GWW finds buyers around 353.61 for the third day in a row
GWW fails to close above 20-day moving average
GWW closes within previous day's range
GWW ends the day indecisive


GWW finished the week 1.81% higher at 355.61 after gaining $1.57 (0.44%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (GWW as at Sep 14, 2018):

Daily technical analysis candlestick chart for W.W. Grainger Inc. (GWW) as at Sep 14, 2018

Friday's trading range was $7.93 (2.23%), that's slightly above last trading month's daily average range of $6.65. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

The share found buyers again today around 353.61 for the third trading day in a row after having found demand at 352.81 in the previous session and at 353.40 two days ago. After spiking up to 361.54 during the day, Grainger (W. W.) found resistance at the 20-day moving average at 358.91.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Selling might speed up should prices move below the nearby swing low at 352.81 where further sell stops could get triggered.

Market Conditions for GWW as at Sep 14, 2018

Loading Market Conditions for GWW (W.W. Grainger Inc.)...
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