When the Price of W.w. Grainger $GWW Talks, People Listen

November 04, 2023, 18:45 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GWW

• Buy GWW slightly over 747.47 target 803.42 stop loss @ 745.31 Details

The technical summary data tells us to buy GWW near 747.47 with an upside target of 803.42. This data also tells us to set a stop loss @ 745.31 to protect against excessive loss in case the stock begins to move against the trade. 747.47 is the first level of support below 767.73 , and by rule, any test of support is a buy signal. In this case, support 747.47 is being tested, a buy signal would exist.

• Short GWW slightly under 803.42, target 747.47, stop loss @ 805.74 Details

The technical summary data is suggesting a short of GWW as it gets near 803.42 with a downside target of 747.47. We should have a stop loss in place at 805.74though. 803.42 is the first level of resistance above 767.73, and by rule, any test of resistance is a short signal. In this case, if resistance 803.42 is being tested, a short signal would exist.

Swing Trading Plans for GWW

• Buy GWW slightly over 803.42, target n/a, Stop Loss @ 801.1 Details

If 803.42 begins to break higher, the technical summary data tells us to buy GWW just slightly over 803.42, with an upside target of n/a. The data also tells us to set a stop loss @ 801.1 in case the stock turns against the trade. 803.42 is the first level of resistance above 767.73, and by rule, any break above resistance is a buy signal. In this case, 803.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GWW slightly near 803.42, target 754.09, Stop Loss @ 805.74. Details

The technical summary data is suggesting a short of GWW if it tests 803.42 with a downside target of 754.09. We should have a stop loss in place at 805.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 803.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GWW

• Buy GWW slightly over 803.42, target n/a, Stop Loss @ 801.55 Details

If 803.42 begins to break higher, the technical summary data tells us to buy GWW just slightly over 803.42, with an upside target of n/a. The data also tells us to set a stop loss @ 801.55 in case the stock turns against the trade. 803.42 is the first level of resistance above 767.73, and by rule, any break above resistance is a buy signal. In this case, 803.42, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GWW slightly near 803.42, target 762.69, Stop Loss @ 805.29. Details

The technical summary data is suggesting a short of GWW if it tests 803.42 with a downside target of 762.69. We should have a stop loss in place at 805.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 803.42, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for W.w. Grainger (GWW) available here: GWW.

GWW Ratings for November 04:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	694.66
P2	753.82	712.89	747.47
P3	762.69	754.09	803.42

AI Generated Signals for GWW

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of W.w. Grainger (NYSE: GWW) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for GWW can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.