GROWGENERATION CORP (GRWG) Stock Technical Analysis
USA - NASDAQ:GRWG - US39986L1098 - Common Stock
1.77 USD
+0.09 (+5.36%)
1.75 USD
-0.02 (-1.13%)
Taking everything into account, GRWG scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRWG is showing a nice and steady performance.
In the last month GRWG has a been trading in the 1.61 - 2.09 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
GRWG is one of the better performing stocks in the Specialty Retail industry, it outperforms 80% of 119 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that GRWG is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big 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.
Considerably lower volume is observed in the last couple of days.
GRWG 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 1.78. Right above this resistance zone may be a good entry point.
More info and screens
0.86
1.82
We found 5 important support areas.
- A support zone ranging from 1.74 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.68 to 1.69. 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 1.62 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.89 from a horizontal line in the weekly time frame.
- Support @0.87 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.78 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for GRWG is neutral. |
| ChartMill Relative Strength | 83.48 | POSITIVE | GRWG has a high relative strength, it outperformed 83.48% 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) | UP | POSITIVE | The current price of GRWG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 38.67 | NEUTRAL | The Stochastics value for GRWG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for GRWG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.33 | 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)
1.77
+0.09 (+5.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg5.36%
1 Week8.59%
2 Weeks-2.21%
1 Month4.73%
3 Month60.91%
6 Month73.53%
12 Month-15.31%
2 Year-13.24%
3 Year-50.42%
5 Year-89.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%6.93%
ATR Inc-10.47%
Range Today0.11
ADR(20)0.11
ADR(20)%6.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.48
3 months CRS95.99
6 months CRS90.69
Mansfield1.51
10 Day High1.82
10 Day Low1.61
20 Day High2.09
20 Day Low1.61
52 Week High2.25
52 Week Low0.82
CS1 End1.76
CR1 Start1.78
Volume & EV
DER(3)0.81%
DER(5)-0.48%
Volume661.10K
Volume Incr-47.21%
Vol(5)403.54K
Vol(50)647.12K