BRAZIL POTASH CORP (GRO) Stock Technical Analysis
USA - NYSEARCA:GRO - CA10586A1084 - Common Stock
We assign a technical rating of 6 out of 10 to GRO. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GRO is a bad performer.
GRO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GRO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.30 to 2.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.80 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @2.78 from a trend line in the weekly time frame.
- Resistance @2.84 from a horizontal line in the weekly time frame.
- Resistance @2.96 from a trend line in the daily time frame.
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 GRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRO is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | GRO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GRO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.37 | NEUTRAL | The RSI value for GRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.77 | NEUTRAL | The Stochastics value for GRO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.12 | HIGH VOLATILITY | The high ATR as a percentage value for GRO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.33 | NEUTRAL | The ADX value for GRO suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.79 | 2.29 | 0.50 (17.92%) | 5.58% |
| An entry @2.79. This is a Buy Stop order right above the resistance zone. | An exit @2.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 17.92%. | For a 1.00% total portfolio risk, you can invest 5.58% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.56
+0.03 (+1.19%)
BRAZIL POTASH CORP / GRO FAQ
Can you provide the ChartMill technical rating for BRAZIL POTASH CORP?
ChartMill assigns a technical rating of 6 / 10 to GRO.
What is the trend direction for GRO stock?
The current trend direction for BRAZIL POTASH CORP (GRO) is Bullish.
What is the RSI signal for GRO stock?
BRAZIL POTASH CORP (GRO) has an RSI value of 51.3743. This indicates that the stock is currently neutral.
What is the buy/sell signal for GRO stock?
The buy/sell signal for BRAZIL POTASH CORP (GRO) is buy as both the short term and long term trends are positive.
What is the support and resistance level for GRO stock?
BRAZIL POTASH CORP (GRO) has a support level at 2.35 and a resistance level at 2.78. Check the full technical report for our detailed analysis of GRO support and resistance levels.