GROWGENERATION CORP (GRWG) Stock Technical Analysis
USA - NASDAQ:GRWG - US39986L1098 - Common Stock
1.65 USD
-0.04 (-2.37%)
1.68 USD
+0.03 (+1.82%)
Taking everything into account, GRWG scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, GRWG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
GRWG is one of the better performing stocks in the Specialty Retail industry, it outperforms 85% of 122 stocks in the same industry.
Looking at the yearly performance, GRWG did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
GRWG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRWG is lagging the market.
In the last month GRWG has a been trading in the 1.47 - 1.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GRWG has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately.
More info and screens
0.86
1.85
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.49 to 1.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.15 from a trend line in the daily time frame.
- Support @0.89 from a horizontal line in the weekly time frame.
- Support @0.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.66 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.78 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.82 to 1.83. This zone is formed by a combination of multiple trend lines 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 GRWG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRWG is up. |
| ChartMill Relative Strength | 87.88 | POSITIVE | GRWG has a high relative strength, it outperformed 87.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GRWG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRWG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GRWG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.1 | NEUTRAL | The RSI value for GRWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GRWG has a negative trend. |
| Stochastics (14,3) | 58.67 | NEUTRAL | The Stochastics value for GRWG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for GRWG suggests high volalility. |
| Average Directional Index/ADX (14) | 32.25 | POSITIVE | The high ADX value value for GRWG suggests a strong 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)
1.65
-0.04 (-2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-2.37%
1 Week1.85%
2 Weeks-4.07%
1 Month-6.78%
3 Month89.66%
6 Month48.65%
12 Month-21.05%
2 Year-43.49%
3 Year-52.86%
5 Year-89.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.26%
ATR Inc1.09%
Range Today0.08
ADR(20)0.11
ADR(20)%6.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.88
Mansfield0.54
10 Day High1.89
10 Day Low1.55
20 Day High1.89
20 Day Low1.47
52 Week High2.25
52 Week Low0.82
CS1 End1.51
CR1 Start1.66
Volume & EV
DER(3)-2.47%
DER(5)0.73%
Volume239.10K
Volume Incr15.65%
Vol(5)654.28K
Vol(50)680.09K