Needle moving action has been spotted in Growlife Inc (PHOT) as shares are moving today on volatility -1.90% or -0.0003 from the open. The OTC listed company saw a recent bid of 0.0155 and 3503255 shares have traded hands in the session.
Many investors may strive to be in the stock market when the bulls are running and out of the market when the bears are in charge. Investors often use multiple strategies when setting up their portfolios. Some may rely solely on fundamental analysis, technical analysis, or a combination of both. Investing can be an extremely tough process. Individual investors often strive to gather and analyze vast amounts of information in order to make educated decisions. Often times, investors may have initial success in the stock market, and then things may turn sour. Confidence may be necessary to make the tougher decisions, but overconfidence may lead to an underperforming portfolio. Overconfidence may cause the investor to make poor decisions because they are relying too heavily on personal interpretations.
Taking a deeper look into the technical levels of Growlife Inc (PHOT), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -64.44. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Growlife Inc (PHOT) currently has a 14-day Commodity Channel Index (CCI) of -32.92. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading