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AI Analysis of GWW
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WW Grainger Inc stock price down 0.281% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 04, 2024 Gain 24.67% PDF

The WW Grainger Inc stock price fell by -0.281% on the last day (Thursday, 28th Mar 2024) from $1,020.17 to $1,017.30. During the last trading day the stock fluctuated 1.09% from a day low at $1,015.37 to a day high of $1,026.48. The price has risen in 6 of the last 10 days and is up by 2.58% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 165 thousand shares were bought and sold for approximately $168.01 million.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.29% during the next 3 months and, with a 90% probability hold a price between $1,264.21 and $1,311.63 at the end of this 3-month period.

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GWW Signals & Forecast

The WW Grainger Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1,017.63. On a fall, the stock will find some support from the long-term average at approximately $977.23. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for WW Grainger Inc stock

WW Grainger Inc finds support from accumulated volume at $972.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $11.10 (1.09%) between high and low. For the last week, the stock has had daily average volatility of 1.15%.

Our recommended stop-loss: $977.25 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (GWW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect WW Grainger Inc to open at $1,019.72, and during the day (based on 14 day Average True Range), to move between $1,001.16 and $1,033.44, which gives a possible trading interval of +/-$16.14 (+/-1.59%) up or down from last closing price. If WW Grainger Inc takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1,020.17 (0.28%) than the support at $972.54 (4.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is WW Grainger Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WW Grainger Inc stock to perform well in the short-term.

Current score: 2.547 Buy Candidate Unchanged

Predicted Opening Price for WW Grainger Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1,019.72 ( 0.237%) $1,017.30

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GWW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,030.82 1.33 %
R2 1,026.58 0.91 %
R1 1,023.96 0.654 %
Current price: 1,017.30
Support S1 1,015.47 -0.180 %
S2 1,012.85 -0.437 %
S3 1,008.61 -0.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,029.55 1.20 %
R2 1,027.10 0.96 %
R1 1,020.17 0.282 %
Current price 1,017.30
Support S1 972.54 -4.40%
S2 914.78 -10.08%
S3 895.64 -11.96%

GWW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Feb 12, 2024 Mar 01, 2024 $1.86 0.190%
2 Jan 31, 2024 Feb 09, 2024 Mar 01, 2024 $1.86 0.190%
3 Oct 25, 2023 Nov 10, 2023 Dec 01, 2023 $1.86 0.231%
4 Jul 26, 2023 Aug 11, 2023 Sep 01, 2023 $1.86 0.262%
5 Apr 26, 2023 May 05, 2023 Jun 01, 2023 $1.86 0.284%

FAQ

What is the symbol for WW Grainger Inc Stock and on which exchange is it traded?
The symbol for WW Grainger Inc is GWW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell WW Grainger Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WW Grainger Inc stock to perform well in the short-term.

How to buy WW Grainger Inc Stock?
WW Grainger Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy WW Grainger Inc Stock.

What's the current price of WW Grainger Inc Stock?
As of the end of day on the 2024-03-28, the price of an WW Grainger Inc (GWW) share was $1,017.30.

What is the 52-week high and low for WW Grainger Inc Stock?
The 52-week high for WW Grainger Inc Stock is $1,034.18 and the 52-week low is $625.97.

What is the market capitalization of WW Grainger Inc Stock?
As of the 2024-03-28, the market capitalization of WW Grainger Inc is 50.024B.

When is the next earnings date for WW Grainger Inc?
The upcoming earnings date for WW Grainger Inc is Apr 25, 2024.
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About WW Grainger Inc

WW Grainger W.W. Grainger, Inc. distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. The company operates through two segments, High-Touch Solutions N.A. and Endless Assortment. It offers safety and security supplies, material handling and storage equipment, pumps and plumbing equipment, cleaning and maintenance supplies, and metalworking and hand tools. It al... GWW Profile

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