GROVE COLLABORATIVE HOLDINGS (GROV) Stock Technical Analysis
NYSE:GROV - New York Stock Exchange, Inc. - US39957D2018 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to GROV. GROV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month GROV has a been trading in the 1.29 - 1.60 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, GROV turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
GROV is part of the Specialty Retail industry. There are 123 other stocks in this industry, GROV did better than 64% of them.
GROV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GROV is lagging the market.
Considerably lower volume is observed in the last couple of days.
GROV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.33, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GROV 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.
More info and screens
1.04
1.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.29 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.05 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.49 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.52 to 1.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 GROV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GROV is neutral. |
| ChartMill Relative Strength | 66.23 | NEUTRAL | GROV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GROV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GROV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GROV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.78 | NEUTRAL | The RSI value for GROV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GROV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.98 | OVERSOLD | The low Stochastics value suggests GROV may be oversold. |
| Average True Range in percent/ATR (20) | 6.45 | HIGH VOLATILITY | The high ATR as a percentage value for GROV suggests high volalility. |
| Average Directional Index/ADX (14) | 23.01 | NEUTRAL | The ADX value for GROV suggests a possible start of a new trend. |
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)
1.39
+0.1 (+7.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg7.75%
1 Week0.72%
2 Weeks-4.79%
1 Month-9.15%
3 Month18.8%
6 Month-11.46%
12 Month3.73%
2 Year-57.1%
3 Year-94.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%6.45%
ATR Inc47.49%
Range Today0.15
ADR(20)0.09
ADR(20)%6.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.23
Mansfield-0.66
10 Day High1.5
10 Day Low1.29
20 Day High1.6
20 Day Low1.29
52 Week High1.95
52 Week Low1.02
CS1 End1.33
CR1 Start1.49
Volume & EV
DER(3)-3.27%
DER(5)5.61%
Volume238.60K
Volume Incr-80.41%
Vol(5)109.84K
Vol(50)273.73K