The Hourly View for GGG
Currently, GGG (Get Ratings)’s price is down $-0.15 (-0.19%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
GGG ranks 26th in terms of today’s price percentage change out of Machinery stocks.
GGG’s Technical Outlook on the Daily Chart
At the time of this writing, GGG’s price is up $1.04 (1.35%) from the day prior. The daily chart shows that GGG has seen 2 straight up days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows GGG’s price action over the past 90 days.
GGG: Daily RSI Analysis
For GGG News Traders
Investors and traders in GGG may be particularly interested in the following story that came out in the past day:
Roper’s (ROP) Q2 earnings are likely to have benefited from strength in its network software and medical products businesses, supported by improving end-market conditions.
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