GROVE COLLABORATIVE HOLDINGS (GROV) Stock Technical Analysis
NYSE:GROV - New York Stock Exchange, Inc. - US39957D2018 - Common Stock - Currency: USD
Taking everything into account, GROV scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GROV is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, GROV did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
GROV is part of the Specialty Retail industry. There are 121 other stocks in this industry, GROV did better than 69% of them.
GROV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GROV is lagging the market.
In the last month GROV has a been trading in the 1.35 - 1.77 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.
Besides having an excellent technical rating, GROV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.66, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.26
1.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.65 to 1.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.35 from a trend line in the weekly time frame.
- Support @1.31 from a horizontal line in the daily time frame.
- A support zone ranging from 1.27 to 1.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.70 from a horizontal line in the weekly time frame.
- Resistance @1.74 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.74
Mansfield0.13
10 Day High1.76
10 Day Low1.49
20 Day High1.77
20 Day Low1.35
52 Week High2.44
52 Week Low1.19
Performance
1 Week-1.18%
2 Weeks4.38%
1 Month15.17%
3 Month20.14%
6 Month29.46%
12 Month-3.47%
2 Year-23.32%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)59.76
LBB1.54
UBB1.75
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.71 | 1.64 | 0.07 (4.09%) | 24.43% |
| An entry @1.71. This is a Buy Stop order right above the resistance zone. | An exit @1.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 4.09%. | When investing 24.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GROV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.67
+0.01 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.6%
1 Week-1.18%
2 Weeks4.38%
1 Month15.17%
3 Month20.14%
6 Month29.46%
12 Month-3.47%
2 Year-23.32%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.7%
ATR Inc-16.63%
Range Today0.13
ADR(20)0.11
ADR(20)%6.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.74
Mansfield0.13
10 Day High1.76
10 Day Low1.49
20 Day High1.77
20 Day Low1.35
52 Week High2.44
52 Week Low1.19
CS1 End1.66
CR1 Start1.7
Volume & EV
DER(3)-5.79%
DER(5)-6.6%
Volume222.70K
Volume Incr-17.29%
Vol(5)106.92K
Vol(50)168.82K