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GROM SOCIAL ENTERPRISES INC (GROM) Stock Technical Analysis

USA - NASDAQ:GROM - US39878L5066 - Common Stock

0.14 USD
0 (-0.14%)
Last: 8/16/2024, 8:00:02 PM
0.1315 USD
-0.01 (-6.07%)
After Hours: 8/16/2024, 8:00:02 PM
Technical Rating and Analysis

0

Taking everything into account, GROM scores 0 out of 10 in our technical rating. GROM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than GROM.
GROM is part of the Entertainment industry. There are 79 other stocks in this industry, of which 87% are performing better than GROM.
GROM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month GROM has a been trading in the 0.13 - 0.39 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

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Weekly and Daily overview Charts
GROM SOCIAL ENTERPRISES INC / GROM Weekly stock chart
GROM SOCIAL ENTERPRISES INC / GROM Daily stock chart
Setup Rating and Analysis

2

The technical rating of GROM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for GROM is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for GROM is down.
ChartMill Relative Strength0.42NEGATIVEGROM has a low relative strength, it was outperformed by 99.58% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of GROM is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of GROM is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of GROM is below a declining SMA(200).
Relative Strength Index/RSI (14)22.95OVERSOLDThe low RSI value suggests GROM may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests GROM has a negative trend.
Stochastics (14,3)6.52OVERSOLDThe low Stochastics value suggests GROM may be oversold.
Average True Range in percent/ATR (20)28.98HIGH VOLATILITYThe high ATR as a percentage value for GROM suggests high volalility.
Average Directional Index/ADX (14)28.02POSITIVEThe high ADX value value for GROM suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)

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GROM SOCIAL ENTERPRISES INC / GROM Daily stock chart

GROM SOCIAL ENTERPRISES INC

NASDAQ:GROM (8/16/2024, 8:00:02 PM)

After market: 0.1315 -0.01 (-6.07%)

0.14

0 (-0.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryEntertainment
Performance
% Chg-0.14%
1 Week-33.01%
2 Weeks-46.89%
1 Month-63.73%
3 Month-74.55%
6 Month-82.79%
12 Month-97.61%
2 Year-99.94%
3 Year-99.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%28.98%
ATR Inc20.65%
Range Today0.02
ADR(20)0.04
ADR(20)%27.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.42
3 months CRSN/A
6 months CRSN/A
Mansfield-8.87
10 Day High0.28
10 Day Low0.13
20 Day High0.39
20 Day Low0.13
52 Week High9
52 Week Low0.13
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-9.73%
DER(5)-15.48%
Volume929.30K
Volume Incr278.26%
Vol(5)710.60K
Vol(50)186.33K

GROM SOCIAL ENTERPRISES INC / GROM FAQ

Can you provide the ChartMill technical rating for GROM SOCIAL ENTERPRISES INC?

ChartMill assigns a technical rating of 0 / 10 to GROM.


Can you provide the trend direction for GROM SOCIAL ENTERPRISES INC?

The current trend direction for GROM SOCIAL ENTERPRISES INC (GROM) is Bearish.


Can you provide the RSI signal for GROM SOCIAL ENTERPRISES INC?

GROM SOCIAL ENTERPRISES INC (GROM) has an RSI value of 22.9483. This indicates that the stock is currently oversold.


What is the buy/sell signal for GROM stock?

The buy/sell signal for GROM SOCIAL ENTERPRISES INC (GROM) is sell as both the short term and long term trends are negative.