GROVE COLLABORATIVE HOLDINGS (GROV) Stock Technical Analysis
NYSE:GROV - US39957D2018 - Common Stock
Taking everything into account, GROV scores 8 out of 10 in our technical rating. Although GROV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
GROV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.46, a Stop Loss order could be placed below this zone.
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1.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.37 to 1.46. 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.
- A resistance zone ranging from 1.56 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.69 from a horizontal line in the weekly 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 GROV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GROV is up. |
| ChartMill Relative Strength | 73.82 | POSITIVE | GROV has a high relative strength, it outperformed 73.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GROV is above the rising 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) | UP | POSITIVE | The current price of GROV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.2 | NEUTRAL | The RSI value for GROV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GROV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.48 | OVERBOUGHT | The high Stochastics value suggests GROV may be overbought. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for GROV suggests high volalility. |
| Average Directional Index/ADX (14) | 27.18 | POSITIVE | The high ADX value value for GROV suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.61 | 1.40 | 0.21 (13.04%) | 7.67% |
| An entry @1.61. This is a Buy Stop order right above the resistance zone. | An exit @1.40. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 13.04%. | For a 1.00% total portfolio risk, you can invest 7.67% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:GROV (8/29/2025, 8:27:32 PM)
1.52
-0.04 (-2.56%)