GROWGENERATION CORP (GRWG) Stock Technical Analysis
USA - NASDAQ:GRWG - US39986L1098 - Common Stock
We assign a technical rating of 9 out of 10 to GRWG. 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.
GRWG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
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When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.75 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 1.70. 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 | UP | POSITIVE | The short term trend for GRWG is up. |
| ChartMill Relative Strength | 82.73 | POSITIVE | GRWG has a high relative strength, it outperformed 82.73% 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 | NEGATIVE | The MACD value suggests GRWG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52 | NEUTRAL | The Stochastics value for GRWG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.84 | HIGH VOLATILITY | The high ATR as a percentage value for GRWG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.52 | POSITIVE | The high ADX value value for GRWG suggests a strong trend. |
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GROWGENERATION CORP / GRWG FAQ
What is the ChartMill technical rating of GROWGENERATION CORP (GRWG) stock?
ChartMill assigns a technical rating of 9 / 10 to GRWG.
What is the trend direction for GRWG stock?
The current trend direction for GROWGENERATION CORP (GRWG) is Bullish.
Can you provide the RSI signal for GROWGENERATION CORP?
GROWGENERATION CORP (GRWG) has an RSI value of 54.8931. This indicates that the stock is currently neutral.
What is the buy/sell signal for GRWG stock?
The buy/sell signal for GROWGENERATION CORP (GRWG) is buy as both the short term and long term trends are positive.
What is the support and resistance level for GRWG stock?
GROWGENERATION CORP (GRWG) has a support level at 1.76 and a resistance level at 1.78. Check the full technical report for our detailed analysis of GRWG support and resistance levels.