GrowLife, Inc. (OTC:PHOT) Technical Outlook
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 0.00.
The projected upper bound is: 0.00.
The projected lower bound is: 0.00.
The projected closing price is: 0.00.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 29 white candles and 16 black candles for a net of 13 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 18.1818. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 50 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 31.28. This is not a topping or bottoming area. However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 0 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -91. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.
Rex Takasugi – TD Profile
GROWLIFE INC closed up 0.000 at 0.003. Volume was 25% above average (neutral) and Bollinger Bands were 13% wider than normal.
Open High Low Close Volume___
0.002 0.003 0.002 0.003 8,030,521
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 0.00 0.00 0.01
Volatility: 120 91 85
Volume: 7,882,198 6,297,804 7,189,610
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
GROWLIFE INC is currently 58.8% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of PHOT.PK (mildly bearish). Our trend forecasting oscillators are currently bearish on PHOT.PK and have had this outlook for the last 36 periods.
Latest posts by HEFFX Australia (see all)
- Amazon (NASDAQ:AMZN) Recent Pullback Created an Attractive “Entry Point” - September 23, 2020
- Tesla (NASDAQ:TSLA) Lost Around $50 Billion on Battery Day - September 23, 2020
- Is It Time To Buy Facebook (NASDAQ:FB) Stock? - September 23, 2020