BRAZIL POTASH CORP (GRO) Stock Technical Analysis
USA - NYSEARCA:GRO - CA10586A1084 - Common Stock
We assign a technical rating of 3 out of 10 to GRO. GRO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
GRO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.14, a Stop Loss order could be placed below this zone.
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2.09
When analyzing the support we notice one important area.
- A support zone ranging from 2.11 to 2.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @2.62 from a trend line in the daily time frame.
- Resistance @2.77 from a trend line in the weekly time frame.
- Resistance @2.82 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 | NEUTRAL | NEUTRAL | The long term trend for GRO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GRO is down. |
| 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 | NEGATIVE | The current price of GRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GRO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.33 | NEUTRAL | The RSI value for GRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GRO has a negative trend. |
| Stochastics (14,3) | 7.42 | OVERSOLD | The low Stochastics value suggests GRO may be oversold. |
| Average True Range in percent/ATR (20) | 13.74 | HIGH VOLATILITY | The high ATR as a percentage value for GRO suggests high volalility. |
| Average Directional Index/ADX (14) | 20 | NEUTRAL | The ADX value for GRO suggests a possible start of a new trend. |
2.18
+0.06 (+2.83%)
BRAZIL POTASH CORP / GRO FAQ
Can you provide the ChartMill technical rating for BRAZIL POTASH CORP?
ChartMill assigns a technical rating of 3 / 10 to GRO.
What is the trend direction for GRO stock?
The current trend direction for BRAZIL POTASH CORP (GRO) is Bearish.
What is the RSI signal for GRO stock?
BRAZIL POTASH CORP (GRO) has an RSI value of 42.3271. This indicates that the stock is currently neutral.
What is the support and resistance level for GRO stock?
BRAZIL POTASH CORP (GRO) has a support level at 2.14 and a resistance level at 2.62. Check the full technical report for our detailed analysis of GRO support and resistance levels.