How the (GWW) price action is used to our Advantage

January 15, 2024, 21:56 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GWW

• Buy GWW slightly over 798.63 target 848.35 stop loss @ 796.32 Details

The technical summary data tells us to buy GWW near 798.63 with an upside target of 848.35. This data also tells us to set a stop loss @ 796.32 to protect against excessive loss in case the stock begins to move against the trade. 798.63 is the first level of support below 842.12 , and by rule, any test of support is a buy signal. In this case, support 798.63 is being tested, a buy signal would exist.

• Short GWW slightly under 848.35, target 798.63, stop loss @ 850.8 Details

The technical summary data is suggesting a short of GWW as it gets near 848.35 with a downside target of 798.63. We should have a stop loss in place at 850.8though. 848.35 is the first level of resistance above 842.12, and by rule, any test of resistance is a short signal. In this case, if resistance 848.35 is being tested, a short signal would exist.

Swing Trading Plans for GWW

• Buy GWW slightly over 848.35, target n/a, Stop Loss @ 845.9 Details

If 848.35 begins to break higher, the technical summary data tells us to buy GWW just slightly over 848.35, with an upside target of n/a. The data also tells us to set a stop loss @ 845.9 in case the stock turns against the trade. 848.35 is the first level of resistance above 842.12, and by rule, any break above resistance is a buy signal. In this case, 848.35, 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 848.35, target 835.61, Stop Loss @ 850.8. Details

The technical summary data is suggesting a short of GWW if it tests 848.35 with a downside target of 835.61. We should have a stop loss in place at 850.8 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, 848.35, 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 844.11, target 848.35, Stop Loss @ 842.14 Details

If 844.11 begins to break higher, the technical summary data tells us to buy GWW just slightly over 844.11, with an upside target of 848.35. The data also tells us to set a stop loss @ 842.14 in case the stock turns against the trade. 844.11 is the first level of resistance above 842.12, and by rule, any break above resistance is a buy signal. In this case, 844.11, 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 844.11, target 837.09, Stop Loss @ 846.08. Details

The technical summary data is suggesting a short of GWW if it tests 844.11 with a downside target of 837.09. We should have a stop loss in place at 846.08 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, 844.11, 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 January 15:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	749.3
P2	837.09	816.11	798.63
P3	844.11	835.61	848.35

AI Generated Signals for GWW

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  W.w. Grainger Inc. (NYSE: GWW) data table below can help you with price action, and we have more details too. Trading plans for GWW are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.