What implications does the 10-day RSI indicator have for GWW?

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GWW's RSI Indicator exited the oversold zone, 16 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 62%.

WSO

AS OF

Jan 17 closing price

Price

$496.28

Change

+$5.18 (+1.05%)

Capitalization

17.05B

24 days until earnings call

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Anna G

published in Blogs

Dec 12, 2023

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Top Wholesale Distributors $GWW, $FAST, $AIT, $WCC, $BXC Surge +2.37% in a Week, Forecasting Bright Futures

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Wholesale Distributors: Navigating a New Era with a 2.37% Weekly Gain

This blog takes a closer look at the Wholesale Distributors industry, which has recently seen a 2.37% gain in just one week. We'll explore how digital transformation, customer demand, and emerging market trends are influencing companies like Fastenal Company and W.W. Grainger, Inc., and what this means for traders.

Tickers in Wholesale Distributors:

$GWW -x- $FAST -x- $AIT -x- $BECN -x- $BXC -x- $DXPE -x- $EVI -x- $DSGR -x- $MSM -x- $GIC -x- $TITN -x- $TRNS -x- $WCC -x- $WSO -x- $POOL -x- $SITE -x- $FERG -x- $CNM

✅ Ticker Highlights

$GIC
- Bullish signal from Stochastic Oscillator with a 78% chance of price increase.
- Currently trading between $41.32 and $30.76 resistance lines.
$WCC
- Crossing above its 50-day MA, indicating an upward trend with a 90% success rate.
- Stock is navigating between $170.91 and $137.80 resistance.
$GWW
- Showing a +1.11% uptrend, with historical data suggesting a 63% likelihood of continued growth.
- Trading between $899.30 support and $689.77 resistance.
$FAST
- Positive MACD crossover indicates a 69% chance of continued rise.
- The stock is between $63.57 and $60.88 support lines.
$AIT
- Bullish trend indicated by the 10-day MA crossing above the 50-day MA, with a 79% probability of further growth.
- Current price is between $188.08 resistance and $158.24 support.

🔄 Industry Shifts and Challenges

The Wholesale Distributors industry, vital in bridging manufacturers and retailers, is experiencing a transformative phase. With digitization, increased competition, and evolving customer demands, companies are rethinking their business models and strategies. Embracing data, analytics, and technology has become crucial for anticipating consumer needs.

📈 Market Movement and Outlook

The sector's positive trajectory, highlighted by a 2.37% gain in a week and a strong buy rating, is underpinned by the MA50MA10 Indicator. Tickeron's optimistic forecast predicts a further increase of over 4.00% in the next month, with a 76% probability.

💹 Market Capitalization

The industry's average market cap is at 6.9B, with $GWW leading at 40.2B. The smallest cap in the group is $SCOO, valued at 70.2K.

📊 Price Fluctuations

The industry saw an average weekly price growth of 1.83%, with $RUSMF topping at 8.93% growth. Conversely, $KHDHF experienced the largest drop at -3.5%.

🔊 Volume Insights

An average weekly volume growth of 32.55% demonstrates active trading within the sector. Notably, Beacon Roofing Supply and Core & Main showed significant volume increases.

📉 Fundamental Analysis Ratings

Valuation Rating: 53
P/E Growth Rating: 46
Price Growth Rating: 49
SMR Rating: 51
Profit Risk Rating: 53
Seasonality Score: 10 (-100 ... +100)

The Wholesale Distributors industry is charting a course through a period of significant change, leveraging technology and data analytics to stay ahead. With companies like $GWW, $WCC, $GIC, $FAST, and $AIT leading the way, the sector presents interesting opportunities for traders. As the industry adapts to new challenges, its dynamic nature offers a wealth of possibilities for market participants.

Related Ticker: GWW, FAST, AIT, BECN, BXC, DXPE, EVI, DSGR, MSM, GIC, TITN, TRNS, WCC, WSO, POOL, SITE, FERG, CNM

GWW in +1.41% Uptrend, growing for three consecutive days on January 08, 2025

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where GWW advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GWW's RSI Indicator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where GWW's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GWW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for GWW entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 56, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GWW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: GWW's P/B Ratio (15.924) is very high in comparison to the industry average of (4.278). P/E Ratio (27.868) is within average values for comparable stocks, (34.609). Projected Growth (PEG Ratio) (2.930) is also within normal values, averaging (2.470). Dividend Yield (0.007) settles around the average of (0.025) among similar stocks. GWW's P/S Ratio (3.069) is slightly higher than the industry average of (1.551).

Notable companies

The most notable companies in this group are Fastenal Company (NASDAQ:FAST).

Industry description

Companies in this industry handle the wholesale shipments for the manufacturer of a product. They have warehouses and distribution centers, and they ship products directly to the retailer. Digitization, increasing competition, emerging customer demand, and product innovation are some of shifts that the industry has been facing in recent times – something that is potentially creating needs/opportunities for business model revisions or transformations. Data, analytics, and technology are becoming increasingly important for whole distributors in anticipating and analyzing consumer needs, and therefore planning their business strategies accordingly. Fastenal Company, W.W. Grainger, Inc., Genuine Parts Company and Pool Corporation are some of the largest names in the business.

Market Cap

The average market capitalization across the Wholesale Distributors Industry is 8.02B. The market cap for tickers in the group ranges from 70.2K to 49.98B. GWW holds the highest valuation in this group at 49.98B. The lowest valued company is SCOO at 70.2K.

High and low price notable news

The average weekly price growth across all stocks in the Wholesale Distributors Industry was 3%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 1%. BECN experienced the highest price growth at 14%, while HPURF experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Wholesale Distributors Industry was 52%. For the same stocks of the Industry, the average monthly volume growth was 45% and the average quarterly volume growth was 60%