W.w. Grainger GWW Proactive Strategies

July 19, 2022, 18:00 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Don't over think it!  Trading W.w. Grainger (NYSE: GWW) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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.

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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.

Longer Term Trading Plans for GWW

• Buy GWW slightly over 458.40 target 499.22 stop loss @ 457.08 Details

The technical summary data tells us to buy GWW near 458.40 with an upside target of 499.22. This data also tells us to set a stop loss @ 457.08 to protect against excessive loss in case the stock begins to move against the trade. 458.40 is the first level of support below 465.93 , and by rule, any test of support is a buy signal. In this case, support 458.40 would be being tested, so a buy signal would exist.

• Short GWW under 499.22, target 458.40, stop loss @ 500.66 Details

The technical summary data is suggesting a short of GWW as it gets near 499.22 with a downside target of 458.40. We should have a stop loss in place at 500.66though. 499.22 is the first level of resistance above 465.93, and by rule, any test of resistance is a short signal. In this case, if resistance 499.22 is being tested, so a short signal would exist.

Swing Trading Plans for GWW

• Buy GWW slightly over 475.16, target 499.22, Stop Loss @ 473.79 Details

If 475.16 begins to break higher, the technical summary data tells us to buy GWW just slightly over 475.16, with an upside target of 499.22. The data also tells us to set a stop loss @ 473.79 in case the stock turns against the trade. 475.16 is the first level of resistance above 465.93, and by rule, any break above resistance is a buy signal. In this case, 475.16, 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 near 475.16, target 458.40, Stop Loss @ 476.53. Details

The technical summary data is suggesting a short of GWW if it tests 475.16 with a downside target of 458.40. We should have a stop loss in place at 476.53 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, 475.16, 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 475.16, target 499.22, Stop Loss @ 474.05 Details

If 475.16 begins to break higher, the technical summary data tells us to buy GWW just slightly over 475.16, with an upside target of 499.22. The data also tells us to set a stop loss @ 474.05 in case the stock turns against the trade. 475.16 is the first level of resistance above 465.93, and by rule, any break above resistance is a buy signal. In this case, 475.16, 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 near 475.16, target 463.62, Stop Loss @ 476.27. Details

The technical summary data is suggesting a short of GWW if it tests 475.16 with a downside target of 463.62. We should have a stop loss in place at 476.27 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, 475.16, 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.

GWW Ratings for July 19:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	458.40
P2	446.93	454.21	499.22
P3	463.62	475.16	540.18

Support and Resistance Plot Chart for GWW

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