Taking everything into account, GRO scores 4 out of 10 in our technical rating. GRO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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.
More info and screens
1.97
We found 3 important support areas.
- Support @2.22 from a trend line in the weekly time frame.
- Support @2.09 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.99 to 2.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- Resistance @2.43 from a trend line in the daily time frame.
- A resistance zone ranging from 2.50 to 2.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.73 from a trend line in the weekly time frame.
- Resistance @2.83 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 | UP | POSITIVE | The short term trend for GRO is up. |
| ChartMill Relative Strength | 10.39 | NEGATIVE | GRO has a low relative strength, it was outperformed by 89.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GRO is below a declining 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) | 50.86 | NEUTRAL | The RSI value for GRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.26 | NEUTRAL | The Stochastics value for GRO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for GRO suggests high volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for GRO suggests a weak or negative trend. |
2.3
-0.1 (-4.17%)
BRAZIL POTASH CORP / GRO FAQ
Can you provide the ChartMill technical rating for BRAZIL POTASH CORP?
ChartMill assigns a technical rating of 4 / 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 50.8585. 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 2.22 and a resistance level at 2.43. Check the full technical report for our detailed analysis of GRO support and resistance levels.