GREAT LAKES DREDGE & DOCK CO (GLDD) Technical Analysis
NASDAQ:GLDD • US3906071093
Current stock price
GLDD Technical Rating and Analysis
Taking everything into account, GLDD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GLDD has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GLDD did better than 93% of all other stocks. On top of that, GLDD also shows a nice and consistent pattern of rising prices.
- GLDD is part of the Construction & Engineering industry. There are 56 other stocks in this industry. GLDD outperforms 74% of them.
- GLDD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GLDD is leading the market.
- GLDD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- GLDD has an average volume of 1700370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GLDD has a been trading in a tight range between 16.87 and 16.98.
GLDD Weekly and Daily overview Charts
GLDD Setup Rating and Analysis
GLDD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.95. Right above this resistance zone may be a good entry point.
More info and screens
GLDD Support and Resistance Analysis
9.01
5 important support areas can be observed.
- A support zone ranging from 16.92 to 16.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.89 to 15.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.75 from a trend line in the weekly time frame.
- Support @11.69 from a horizontal line in the daily time frame.
- Support @9.10 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.95 to 16.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
GLDD Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for GLDD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLDD is up. |
| ChartMill Relative Strength | 93.68 | POSITIVE | GLDD has a high relative strength, it outperformed 93.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLDD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLDD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLDD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.98 | NEUTRAL | The RSI value for GLDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GLDD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.38 | NEUTRAL | The Stochastics value for GLDD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for GLDD suggests low volalility. |
| Average Directional Index/ADX (14) | 48.49 | POSITIVE | The high ADX value value for GLDD suggests a strong trend. |
GLDD Chart- and CandleStick Pattern Analysis
GLDD Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.99 | 16.91 | 0.08 (0.47%) | 25.00% |
| An entry @16.99. This is a Buy Stop order right above the resistance zone. | An exit @16.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.47%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GLDD Technicals: Chart, Performance Metrics, Trend & Indicators
16.95
+0.02 (+0.12%)
GREAT LAKES DREDGE & DOCK CO / GLDD TA FAQ
What is the ChartMill technical rating of GREAT LAKES DREDGE & DOCK CO (GLDD) stock?
ChartMill assigns a technical rating of 10 / 10 to GLDD.
What is the current trend direction of GREAT LAKES DREDGE & DOCK CO (GLDD) stock?
The current trend direction for GREAT LAKES DREDGE & DOCK CO (GLDD) is Bullish.
What is the RSI signal for GREAT LAKES DREDGE & DOCK CO (GLDD) stock?
GREAT LAKES DREDGE & DOCK CO (GLDD) has an RSI value of 66.9759. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GREAT LAKES DREDGE & DOCK CO?
The short term momentum for GREAT LAKES DREDGE & DOCK CO (GLDD) is positive.
Can you provide the buy/sell signal for GREAT LAKES DREDGE & DOCK CO?
The buy/sell signal for GREAT LAKES DREDGE & DOCK CO (GLDD) is buy as both the short term and long term trends are positive.