URBAN-GRO INC (UGRO) Technical Analysis
NASDAQ:UGRO • US91704K3014
Current stock price
UGRO Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to UGRO. In the last year, UGRO was one of the better performers, but we do observe some doubts in the very recent evolution.
- UGRO 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.
- In the last month UGRO has a been trading in the 7.40 - 37.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- UGRO is part of the Machinery industry. There are 131 other stocks in this industry. UGRO outperforms 83% of them.
- UGRO has an average volume of 6258960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, UGRO did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Considerably lower volume is observed in the last couple of days.
UGRO Weekly and Daily overview Charts
UGRO Setup Rating and Analysis
Although UGRO has an excellent technical rating, it does not present a decent entry opportunity 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
UGRO Support and Resistance Analysis
9.32
We found 1 important support area.
- A support zone ranging from 9.41 to 9.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @17.91 from a trend line in the weekly time frame.
UGRO 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 UGRO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UGRO is down. |
| ChartMill Relative Strength | 88.6 | POSITIVE | UGRO has a high relative strength, it outperformed 88.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UGRO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UGRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UGRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.7 | NEUTRAL | The RSI value for UGRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.42 | NEGATIVE | The MACD value suggests UGRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.5 | OVERSOLD | The low Stochastics value suggests UGRO may be oversold. |
| Average True Range in percent/ATR (20) | 63.04 | HIGH VOLATILITY | The high ATR as a percentage value for UGRO suggests high volalility. |
| Average Directional Index/ADX (14) | 33.88 | POSITIVE | The high ADX value value for UGRO suggests a strong trend. |
UGRO Chart- and CandleStick Pattern Analysis
UGRO Technicals: Chart, Performance Metrics, Trend & Indicators
9.52
-0.46 (-4.61%)
URBAN-GRO INC / UGRO TA FAQ
What is the technical rating for UGRO stock?
ChartMill assigns a technical rating of 7 / 10 to UGRO.
What is the current trend direction of URBAN-GRO INC (UGRO) stock?
The current trend direction for URBAN-GRO INC (UGRO) is Bullish.
What is the RSI signal for UGRO stock?
URBAN-GRO INC (UGRO) has an RSI value of 43.7002. This indicates that the stock is currently neutral.
Can you provide the MACD signal for URBAN-GRO INC?
The MACD indicator for URBAN-GRO INC (UGRO) has a value of -1.41586, indicating a bearish trend.
Can you provide the support and resistance levels for URBAN-GRO INC?
URBAN-GRO INC (UGRO) has a support level at 9.51 and a resistance level at 17.91. Check the full technical report for our detailed analysis of UGRO support and resistance levels.