HROW Technical Analysis - HARROW INC

Technical Rating and Analysis

Taking everything into account, HROW scores 3 out of 10 in our technical rating. HROW was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

79% of all other stocks performed better in the past year than HROW.

In the last month HROW has a been trading in the 36.83 - 50.72 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 negative. It is probably better to wait until this picture becomes clearer.

HROW is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, HROW did better than 44% of them.

HROW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HROW is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of HROW is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

37.10

46.92

When analyzing the support we can see 2 important areas.

Support @38.34 from a trend line in the daily time frame.
A support zone ranging from 37.47 to 37.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @46.46 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for HROW is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HROW is down.
ChartMill Relative Strength	21.05	NEGATIVE	HROW has a low relative strength, it was outperformed by 78.95% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HROW is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of HROW is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HROW is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.61	NEUTRAL	The RSI value for HROW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.84	NEGATIVE	The MACD value suggests HROW has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.73	OVERSOLD	The low Stochastics value suggests HROW may be oversold.
Average True Range in percent/ATR (20)	7.02	HIGH VOLATILITY	The high ATR as a percentage value for HROW suggests high volalility.
Average Directional Index/ADX (14)	26.89	POSITIVE	The high ADX value value for HROW suggests a strong trend.