GRID DYNAMICS HOLDINGS INC (GDYN) Stock Technical Analysis
NASDAQ:GDYN - Nasdaq - US39813G1094 - Common Stock - Currency: USD
Taking everything into account, GDYN scores 0 out of 10 in our technical rating. GDYN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, GDYN is a bad performer in the overall market: 88% of all stocks are doing better.
GDYN is one of the lesser performing stocks in the IT Services industry. 71% of 82 stocks in the same industry do better.
GDYN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month GDYN has a been trading in the 10.61 - 12.86 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of GDYN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.52
11.94
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.75 to 11.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GDYN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDYN is down. |
| ChartMill Relative Strength | 12.7 | NEGATIVE | GDYN has a low relative strength, it was outperformed by 87.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GDYN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GDYN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GDYN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.31 | OVERSOLD | The low RSI value suggests GDYN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GDYN has a negative trend. |
| Stochastics (14,3) | 25.95 | NEUTRAL | The Stochastics value for GDYN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for GDYN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.47 | NEUTRAL | The ADX value for GDYN suggests a possible start of a new trend. |
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)
10.63
-0.85 (-7.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-7.4%
1 Week-14.2%
2 Weeks-10.22%
1 Month-13.3%
3 Month-21.43%
6 Month-47.74%
12 Month-3.54%
2 Year2.02%
3 Year-43.67%
5 Year59.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%4.77%
ATR Inc48.53%
Range Today0.86
ADR(20)0.5
ADR(20)%4.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.7
Mansfield-3.81
10 Day High12.86
10 Day Low10.61
20 Day High12.86
20 Day Low10.61
52 Week High25.5
52 Week Low10.61
CS1 EndN/A
CR1 Start11.75
Volume & EV
DER(3)-1.5%
DER(5)-2.27%
Volume761.40K
Volume Incr11.01%
Vol(5)806.38K
Vol(50)703.65K