URBAN-GRO INC (UGRO) Stock Technical Analysis
NASDAQ:UGRO - Nasdaq - US91704K2024 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to UGRO. UGRO 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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, UGRO is a bad performer in the overall market: 99% of all stocks are doing better.
UGRO is one of the lesser performing stocks in the Machinery industry. 94% of 128 stocks in the same industry do better.
UGRO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month UGRO has a been trading in the 0.29 - 0.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
UGRO has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
0.34
0.39
3 important resistance areas can be observed.
- A resistance zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.38 from a trend line in the daily time frame.
- A resistance zone ranging from 0.39 to 0.39. 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 | DOWN | NEGATIVE | The long term trend for UGRO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UGRO is down. |
| ChartMill Relative Strength | 1.57 | NEGATIVE | UGRO has a low relative strength, it was outperformed by 98.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UGRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UGRO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UGRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.65 | NEUTRAL | The RSI value for UGRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests UGRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.4 | NEUTRAL | The Stochastics value for UGRO is a neutral value. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for UGRO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.72 | NEGATIVE | The low ADX value for UGRO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.3423
-0.02 (-6.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-6.22%
1 Week-2.13%
2 Weeks-1.85%
1 Month-13.55%
3 Month-55.01%
6 Month-71.19%
12 Month-74.81%
2 Year-71.19%
3 Year-92.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%9%
ATR Inc9.69%
Range Today0.04
ADR(20)0.03
ADR(20)%8.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.57
Mansfield-6.92
10 Day High0.4
10 Day Low0.29
20 Day High0.42
20 Day Low0.29
52 Week High1.92
52 Week Low0.29
CS1 EndN/A
CR1 Start0.35
Volume & EV
DER(3)2.07%
DER(5)-0.29%
Volume124.26K
Volume Incr22.72%
Vol(5)131.74K
Vol(50)274.84K