Learn to Evaluate (GWW) using the Charts

July 08, 2024, 21:08 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GWW

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short GWW slightly under 924.46, target n/a, stop loss @ 927.13 Details

The technical summary data is suggesting a short of GWW as it gets near 924.46, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 927.13. 924.46 is the first level of resistance above 917.35, and by rule, any test of resistance is a short signal. In this case, if resistance 924.46 is being tested, so a short signal would exist.

Swing Trading Plans for GWW

• Buy GWW slightly over 924.46, target 996.07, Stop Loss @ 921.79 Details

If 924.46 begins to break higher, the technical summary data tells us to buy GWW just slightly over 924.46, with an upside target of 996.07. The data also tells us to set a stop loss @ 921.79 in case the stock turns against the trade. 924.46 is the first level of resistance above 917.35, and by rule, any break above resistance is a buy signal. In this case, 924.46, 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 924.46, target 917.2, Stop Loss @ 927.13. Details

The technical summary data is suggesting a short of GWW if it tests 924.46 with a downside target of 917.2. We should have a stop loss in place at 927.13 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, 924.46, 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 924.46, target 925.14, Stop Loss @ 922.3 Details

If 924.46 begins to break higher, the technical summary data tells us to buy GWW just slightly over 924.46, with an upside target of 925.14. The data also tells us to set a stop loss @ 922.3 in case the stock turns against the trade. 924.46 is the first level of resistance above 917.35, and by rule, any break above resistance is a buy signal. In this case, 924.46, 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 924.46, target 917.2, Stop Loss @ 926.62. Details

The technical summary data is suggesting a short of GWW if it tests 924.46 with a downside target of 917.2. We should have a stop loss in place at 926.62 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, 924.46, 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 Inc. (GWW) available here: GWW.

GWW Ratings for July 08:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	924.46
P2	915.84	898.09	996.07
P3	925.14	917.2	1070.68

AI Generated Signals for GWW

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  W.w. Grainger Inc. (NYSE: GWW) report below can help you understand how to do this. The trading plans for GWW, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.