GROWGENERATION CORP (GRWG) Stock Technical Analysis
NASDAQ:GRWG - Nasdaq - US39986L1098 - Common Stock - Currency: USD
Taking everything into account, GRWG scores 0 out of 10 in our technical rating. GRWG'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, GRWG is a bad performer in the overall market: 91% of all stocks are doing better.
GRWG is one of the lesser performing stocks in the Specialty Retail industry. 76% of 122 stocks in the same industry do better.
GRWG 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.
In the last month GRWG has a been trading in the 0.87 - 1.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
GRWG has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.86
1.70
We found 1 important support area.
- Support @0.87 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.07 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.18 from a horizontal line in the weekly time frame.
- Resistance @1.21 from a trend line in the daily time frame.
- Resistance @1.29 from a trend line in the daily time frame.
- Resistance @1.68 from a trend 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 | DOWN | NEGATIVE | The long term trend for GRWG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRWG is neutral. |
| ChartMill Relative Strength | 9.54 | NEGATIVE | GRWG has a low relative strength, it was outperformed by 90.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRWG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GRWG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GRWG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.34 | NEUTRAL | The RSI value for GRWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GRWG has a positive trend. |
| Stochastics (14,3) | 58.35 | NEUTRAL | The Stochastics value for GRWG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.75 | HIGH VOLATILITY | The high ATR as a percentage value for GRWG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.54 | NEGATIVE | The low ADX value for GRWG suggests a weak or negative 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)
1.04
-0.02 (-1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.89%
1 Week2.97%
2 Weeks4%
1 Month-16.8%
3 Month17.25%
6 Month-35%
12 Month-55.36%
2 Year-73.87%
3 Year-78.56%
5 Year-87.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.75%
ATR Inc-25.85%
Range Today0.04
ADR(20)0.07
ADR(20)%6.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.54
Mansfield-3.85
10 Day High1.09
10 Day Low0.87
20 Day High1.26
20 Day Low0.87
52 Week High2.7
52 Week Low0.82
CS1 End0.87
CR1 Start1.07
Volume & EV
DER(3)-5.35%
DER(5)-3.69%
Volume339.70K
Volume Incr-56.76%
Vol(5)409.98K
Vol(50)653.45K