Overall GRWG gets a technical rating of 6 out of 10. GRWG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
GRWG has an average technical rating and it also does not offer a high quality setup 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
1.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.76 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.44 from a trend line in the daily time frame.
- Support @1.38 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.96 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for GRWG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRWG is up. |
| ChartMill Relative Strength | 68.27 | NEUTRAL | GRWG is not amongst the best or worst performers 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 | MIXED | The current price of GRWG is above a declining 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) | 53.56 | NEUTRAL | The RSI value for GRWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GRWG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.68 | NEUTRAL | The Stochastics value for GRWG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.01 | HIGH VOLATILITY | The high ATR as a percentage value for GRWG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.61 | POSITIVE | The high ADX value value for GRWG suggests a strong trend. |
1.78
-0.11 (-5.82%)
GROWGENERATION CORP / GRWG FAQ
What is the ChartMill technical rating of GROWGENERATION CORP (GRWG) stock?
ChartMill assigns a technical rating of 6 / 10 to GRWG.
What is the trend direction for 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 53.557. This indicates that the stock is currently neutral.
What is the support and resistance level for GRWG stock?
GROWGENERATION CORP (GRWG) has a support level at 1.77 and a resistance level at 1.96. Check the full technical report for our detailed analysis of GRWG support and resistance levels.