Share Spotlight on GrowLife Inc (PHOT): Technicals in Focus – Financial Newsweek

Shares of GrowLife Inc (PHOT) touched a high of 0.0100 and dipped down to a low of 0.0100 before settling at 0.0071 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.

Technical traders may also be interested in looking at the indicator levels on shares of GrowLife Inc (PHOT). The 14-day ADX for is currently 70.53. In general, an ADX value from 0-25 would signal an absent or weak trend. A level of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points.

GrowLife Inc (PHOT) presently has a 14-day Commodity Channel Index (CCI) of 53.11. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the

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