GRVI Technical Analysis - GROVE INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to GRVI. GRVI 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.

GRVI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When compared to the yearly performance of all other stocks, GRVI outperforms 53% of them, which is more or less in line with the market.

GRVI is part of the Personal Care Products industry. There are 36 other stocks in this industry, GRVI did better than 68% of them.

In the last month GRVI has a been trading in the 4.22 - 6.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

GRVI has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.86

5.00

When analyzing the support we can see 3 important areas.

A support zone ranging from 4.59 to 4.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 3.98 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.90 from a horizontal line in the daily time frame.

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for GRVI is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GRVI is neutral.
ChartMill Relative Strength	53.95	NEUTRAL	GRVI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of GRVI is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of GRVI is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of GRVI is above a declining SMA(200).
Relative Strength Index/RSI (14)	49.33	NEUTRAL	The RSI value for GRVI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests GRVI has a negative trend.
Stochastics (14,3)	18.85	OVERSOLD	The low Stochastics value suggests GRVI may be oversold.
Average True Range in percent/ATR (20)	8.13	HIGH VOLATILITY	The high ATR as a percentage value for GRVI suggests high volalility.
Average Directional Index/ADX (14)	27.3	POSITIVE	The high ADX value value for GRVI suggests a strong trend.