GRD Technical Analysis - GROUNDED LITHIUM CORP

Technical Rating and Analysis

Taking everything into account, GRD scores 7 out of 10 in our technical rating. In the last year, GRD was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month GRD has a been trading in the 0.06 - 0.07 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

When comparing the yearly performance of all stocks, we notice that GRD is one of the better performing stocks in the market, outperforming 84% of all stocks.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

GRD is part of the Electrical Equipment industry. There are 16 other stocks in this industry, GRD did better than 60% of them.

GRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRD is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GROUNDED LITHIUM CORP / GRD Weekly stock chart

GROUNDED LITHIUM CORP / GRD Daily stock chart

Setup Rating and Analysis

Although GRD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.03

0.07

When analyzing the support we can see 2 important areas.

Support @0.04 from a horizontal line in the daily time frame.
Support @0.03 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.07 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for GRD.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GRD.CA is down.
ChartMill Relative Strength	84.51	POSITIVE	GRD.CA has a high relative strength, it outperformed 84.51% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GRD.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of GRD.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GRD.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.47	NEUTRAL	The RSI value for GRD.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests GRD.CA has a negative trend, although the MACD value is rising.
Average True Range in percent/ATR (20)	7.73	HIGH VOLATILITY	The high ATR as a percentage value for GRD.CA suggests high volalility.
Average Directional Index/ADX (14)	14.35	NEGATIVE	The low ADX value for GRD.CA suggests a weak or negative trend.