GRID DYNAMICS HOLDINGS INC (GDYN) Stock Technical Analysis
USA - NASDAQ:GDYN - US39813G1094 - Common Stock
Taking everything into account, GDYN scores 2 out of 10 in our technical rating. In the past year, GDYN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
GDYN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.29. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GDYN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.42
We found 3 important support areas.
- A support zone ranging from 7.93 to 8.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.65 from a horizontal line in the daily time frame.
- A support zone ranging from 7.49 to 7.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.29 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.81 from a horizontal line in the weekly time frame.
- Resistance @14.17 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for GDYN is neutral. |
| ChartMill Relative Strength | 10.21 | NEGATIVE | GDYN has a low relative strength, it was outperformed by 89.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDYN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDYN is above the rising 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) | 52.59 | NEUTRAL | The RSI value for GDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GDYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.3 | NEUTRAL | The Stochastics value for GDYN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for GDYN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.96 | NEGATIVE | The low ADX value for GDYN suggests a weak or negative trend. |
8.1
-0.12 (-1.46%)
GRID DYNAMICS HOLDINGS INC / GDYN FAQ
What is the ChartMill technical rating of GRID DYNAMICS HOLDINGS INC (GDYN) stock?
ChartMill assigns a technical rating of 2 / 10 to GDYN.
What is the trend direction for GDYN stock?
The current trend direction for GRID DYNAMICS HOLDINGS INC (GDYN) is Bearish.
Can you provide the RSI signal for GRID DYNAMICS HOLDINGS INC?
GRID DYNAMICS HOLDINGS INC (GDYN) has an RSI value of 52.5941. This indicates that the stock is currently neutral.
What is the MACD signal for GRID DYNAMICS HOLDINGS INC (GDYN) stock?
The MACD indicator for GRID DYNAMICS HOLDINGS INC (GDYN) has a value of 0.0423842, indicating a bearish trend.