Shares of Growlife Inc (PHOT) touched a high of 0.0220 and dipped down to a low of 0.0178 before settling at 0.0190 in the most recent session. The stock has experienced bearish momentum as it’s ATR or Average True Range has dipped consistently over the past 10 sessions.
When focusing on technical stock analysis, traders and investors may choose to also study the ATR or Average True Range. The present 14-day ATR for Growlife Inc (PHOT) is currently standing at 0.00. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.
Currently, the 14-day ADX for Growlife Inc (PHOT) is sitting at 25.25. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
Checking in on some other technical levels, the 14-day RSI is currently at 48.02, the 7-day stands at 47.64, and the 3-day is sitting at 51.40. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI