GROWGENERATION CORP (GRWG) Technical Analysis
NASDAQ:GRWG • US39986L1098
Current stock price
GRWG Technical Rating and Analysis
Taking everything into account, GRWG scores 1 out of 10 in our technical rating. GRWG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 84% of all other stocks performed better in the past year than GRWG.
- GRWG is one of the lesser performing stocks in the Specialty Retail industry. 65% of 124 stocks in the same industry do better.
- GRWG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GRWG is lagging the market.
- In the last month GRWG has a been trading in the 1.00 - 1.24 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GRWG Weekly and Daily overview Charts
GRWG Setup Rating and Analysis
GRWG has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
GRWG Support and Resistance Analysis
1.04
We found 1 important support area.
- A support zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.17 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.80 from a trend line in the weekly time frame.
- Resistance @1.87 from a trend line in the weekly time frame.
GRWG 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 | 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 | 16.33 | NEGATIVE | GRWG has a low relative strength, it was outperformed by 83.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRWG is above the rising 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) | UP | MIXED | The current price of GRWG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.8 | NEUTRAL | The RSI value for GRWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GRWG has a positive trend. |
| Stochastics (14,3) | 36.27 | NEUTRAL | The Stochastics value for GRWG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for GRWG suggests high volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for GRWG suggests a weak or negative trend. |
GRWG Chart- and CandleStick Pattern Analysis
GRWG Technicals: Chart, Performance Metrics, Trend & Indicators
1.16
+0.07 (+6.42%)
GROWGENERATION CORP / GRWG TA FAQ
What is the ChartMill technical rating of GROWGENERATION CORP (GRWG) stock?
ChartMill assigns a technical rating of 1 / 10 to GRWG.
What is the current trend direction of GROWGENERATION CORP (GRWG) stock?
The current trend direction for GROWGENERATION CORP (GRWG) is Bearish.
Can you provide the RSI signal for GROWGENERATION CORP?
GROWGENERATION CORP (GRWG) has an RSI value of 52.8009. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GROWGENERATION CORP?
The MACD indicator for GROWGENERATION CORP (GRWG) has a value of 0.0136465, indicating a bearish trend.
What is the short term momentum for GROWGENERATION CORP (GRWG) stock?
The short term momentum for GROWGENERATION CORP (GRWG) is neutral.