(GWW) Investment Analysis and Advice

July 28, 2024, 23:30 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GWW

• Buy GWW slightly over 928.46 target 1004.29 stop loss @ 925.78 Details

The technical summary data tells us to buy GWW near 928.46 with an upside target of 1004.29. This data also tells us to set a stop loss @ 925.78 to protect against excessive loss in case the stock begins to move against the trade. 928.46 is the first level of support below 970.34 , and by rule, any test of support is a buy signal. In this case, support 928.46 would be being tested, so a buy signal would exist.

• Short GWW slightly under 1004.29, target 928.46, stop loss @ 1007.19 Details

The technical summary data is suggesting a short of GWW as it gets near 1004.29 with a downside target of 928.46. We should have a stop loss in place at 1007.19though. 1004.29 is the first level of resistance above 970.34, and by rule, any test of resistance is a short signal. In this case, if resistance 1004.29 is being tested, so a short signal would exist.

Swing Trading Plans for GWW

• Buy GWW slightly over 987.6, target 1004.29, Stop Loss @ 984.75 Details

If 987.6 begins to break higher, the technical summary data tells us to buy GWW just slightly over 987.6, with an upside target of 1004.29. The data also tells us to set a stop loss @ 984.75 in case the stock turns against the trade. 987.6 is the first level of resistance above 970.34, and by rule, any break above resistance is a buy signal. In this case, 987.6, 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 987.6, target 945.39, Stop Loss @ 990.45. Details

The technical summary data is suggesting a short of GWW if it tests 987.6 with a downside target of 945.39. We should have a stop loss in place at 990.45 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, 987.6, 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 975.87, target 987.6, Stop Loss @ 973.59 Details

If 975.87 begins to break higher, the technical summary data tells us to buy GWW just slightly over 975.87, with an upside target of 987.6. The data also tells us to set a stop loss @ 973.59 in case the stock turns against the trade. 975.87 is the first level of resistance above 970.34, and by rule, any break above resistance is a buy signal. In this case, 975.87, 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 975.87, target 959.11, Stop Loss @ 978.15. Details

The technical summary data is suggesting a short of GWW if it tests 975.87 with a downside target of 959.11. We should have a stop loss in place at 978.15 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, 975.87, 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 28:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	928.46
P2	959.11	945.39	1004.29
P3	975.87	987.6	1080.99

AI Generated Signals for GWW

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Prudent Investment Analysis requires observations of the support and resistance levels for W.w. Grainger Inc. (NYSE: GWW) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GWW change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GWW is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GWW too.  All of these are offered below the Summary Table.