GROM SOCIAL ENTERPRISE -CW28 (GROMW) Stock Technical Analysis
NASDAQ:GROMW
Overall GROMW gets a technical rating of 7 out of 10. In the last year, GROMW was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month GROMW has a been trading in the 3.50 - 7.95 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.
- Warning: GROMW has an average volume of 3314 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that GROMW is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- GROMW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GROMW is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although GROMW 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.
More info and screens
4.75
When analyzing the resistance we notice one important area.
- Resistance @7.88 from a horizontal 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 GROMW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GROMW is neutral. |
| ChartMill Relative Strength | 99.5 | POSITIVE | GROMW has a high relative strength, it outperformed 99.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GROMW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GROMW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GROMW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.68 | NEUTRAL | The RSI value for GROMW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests GROMW has a negative trend. |
| Stochastics (14,3) | 42.14 | NEUTRAL | The Stochastics value for GROMW is a neutral value. |
| Average True Range in percent/ATR (20) | 16.69 | HIGH VOLATILITY | The high ATR as a percentage value for GROMW suggests high volalility. |
| Average Directional Index/ADX (14) | 17.28 | NEGATIVE | The low ADX value for GROMW suggests a weak or negative trend. |
NASDAQ:GROMW (8/8/2024, 8:04:48 PM)
4.8
-0.32 (-6.25%)
GROM SOCIAL ENTERPRISE -CW28 / GROMW FAQ
Can you provide the ChartMill technical rating for GROM SOCIAL ENTERPRISE -CW28?
ChartMill assigns a technical rating of 7 / 10 to GROMW.
What is the trend direction for GROMW stock?
The current trend direction for GROM SOCIAL ENTERPRISE -CW28 (GROMW) is Bullish.
What is the RSI signal for GROMW stock?
GROM SOCIAL ENTERPRISE -CW28 (GROMW) has an RSI value of 45.6802. This indicates that the stock is currently neutral.
What is the support and resistance level for GROMW stock?
GROM SOCIAL ENTERPRISE -CW28 (GROMW) has a resistance level at 7.88. Check the full technical report for our detailed analysis of GROMW support and resistance levels.