WW Grainger Technical Analysis (NYSE:GWW)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the WW Grainger stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GWW stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for WW Grainger. The technical analysis form of WW Grainger stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
WW Grainger Moving Average
Moving averages show the GWW stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $264.46 is below the last closing price of $266.68 and the 50 day moving average of $244.51 is below the last closing price of $266.68. The 10 and 20 day periods can predict short term moving average trends.
WW Grainger Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like WW Grainger. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $266.68 is in the upper range of WW Grainger bollinger bands.
WW Grainger Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The WW Grainger MACD indicator can be used to identify bullish and bearish trends for the stock.
WW Grainger Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 43.09 is the RSI value of GWW stock.