GRID DYNAMICS HOLDINGS INC (GDYN) Stock Technical Analysis
NASDAQ:GDYN - US39813G1094 - Common Stock
8.1 USD
+0.09 (+1.12%)
7.93 USD
-0.17 (-2.1%)
Taking everything into account, GDYN scores 0 out of 10 in our technical rating. GDYN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GDYN is a bad performer in the overall market: 96% of all stocks are doing better.
GDYN is part of the IT Services industry. There are 83 other stocks in this industry, of which 81% are performing better than GDYN.
GDYN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
GDYN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
GDYN has an average volume of 1074470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GDYN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.56
14.31
When analyzing the support we notice one important area.
- A support zone ranging from 7.64 to 7.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 8.11 to 8.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.30 to 8.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.63 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for GDYN is down. |
| ChartMill Relative Strength | 4.38 | NEGATIVE | GDYN has a low relative strength, it was outperformed by 95.62% 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) | 37.06 | NEUTRAL | The RSI value for GDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests GDYN has a positive trend. |
| Stochastics (14,3) | 48.14 | NEUTRAL | The Stochastics value for GDYN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for GDYN suggests high volalility. |
| Average Directional Index/ADX (14) | 46.44 | POSITIVE | The high ADX value value for GDYN suggests a strong 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)
8.1
+0.09 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.12%
1 Week5.19%
2 Weeks5.47%
1 Month-22.56%
3 Month-36.92%
6 Month-62.1%
12 Month-41.77%
2 Year-30.35%
3 Year-59.92%
5 Year9.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%5.79%
ATR Inc-10.65%
Range Today0.3
ADR(20)0.43
ADR(20)%5.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.38
Mansfield-5.23
10 Day High8.29
10 Day Low7.46
20 Day High10.61
20 Day Low7.46
52 Week High25.5
52 Week Low7.46
CS1 End7.67
CR1 Start8.11
Volume & EV
DER(3)2.65%
DER(5)3.62%
Volume1.92M
Volume Incr1.97%
Vol(5)1.42M
Vol(50)1.07M