GROWGENERATION CORP (GRWG) Technical Analysis
NASDAQ:GRWG • US39986L1098
Current stock price
GRWG Technical Rating and Analysis
Overall GRWG gets a technical rating of 1 out of 10. 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.
- 74% of all other stocks performed better in the past year than GRWG.
- 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.
- GRWG is part of the Specialty Retail industry. There are 122 other stocks in this industry, GRWG did better than 43% of them.
- In the last month GRWG has a been trading in the 1.00 - 1.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 not perfect 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
1.02
When analyzing the support we notice one important area.
- A support zone ranging from 1.03 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.16 to 1.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.84 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 | 26.89 | NEGATIVE | GRWG has a low relative strength, it was outperformed by 73.11% 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 | MIXED | The current price of GRWG is above 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) | 54.2 | 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) | 64.07 | NEUTRAL | The Stochastics value for GRWG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for GRWG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.03 | 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
1.12
+0.03 (+2.75%)
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.
What is the RSI signal for GRWG stock?
GROWGENERATION CORP (GRWG) has an RSI value of 54.1962. This indicates that the stock is currently neutral.
What is the MACD signal for GROWGENERATION CORP (GRWG) stock?
The MACD indicator for GROWGENERATION CORP (GRWG) has a value of 0.00802652, indicating a bearish trend.
Can you provide the support and resistance levels for GROWGENERATION CORP?
GROWGENERATION CORP (GRWG) has a support level at 1.05 and a resistance level at 1.16. Check the full technical report for our detailed analysis of GRWG support and resistance levels.