GRID DYNAMICS HOLDINGS INC (GDYN) Stock Technical Analysis
NASDAQ:GDYN • US39813G1094
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.
- 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: 94% of all stocks are doing better.
- GDYN is part of the IT Services industry. There are 87 other stocks in this industry, of which 74% 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.
- In the last month GDYN has a been trading in the 6.16 - 9.10 range, which is quite wide. It is currently trading near the lows of this range.
- GDYN has an average volume of 1201720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
The technical rating of GDYN is bad and it also does not present a quality setup 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
6.92
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.00 to 7.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.99 from a trend line in the daily time frame.
- Resistance @9.36 from a trend line in the daily time frame.
- Resistance @10.06 from a horizontal line 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 | 6.78 | NEGATIVE | GDYN has a low relative strength, it was outperformed by 93.22% 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) | 35.98 | NEUTRAL | The RSI value for GDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GDYN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.65 | NEUTRAL | The Stochastics value for GDYN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for GDYN suggests high volalility. |
| Average Directional Index/ADX (14) | 41.78 | POSITIVE | The high ADX value value for GDYN suggests a strong trend. |
6.99
-0.01 (-0.14%)
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 0 / 10 to GDYN.
Can you provide the trend direction for GRID DYNAMICS HOLDINGS INC?
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 35.9758. This indicates that the stock is currently neutral.
What is the MACD signal for GDYN stock?
The MACD indicator for GRID DYNAMICS HOLDINGS INC (GDYN) has a value of -0.0101088, indicating a bearish trend.
What is the short term momentum for GDYN stock?
The short term momentum for GRID DYNAMICS HOLDINGS INC (GDYN) is negative.