We assign a technical rating of 10 out of 10 to GLDD. 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 87% of all other stocks.
- GLDD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GLDD is lagging the market slightly.
- 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 is an average performer in the Construction & Engineering industry, it outperforms 64% of 55 stocks in the same industry.
Besides having an excellent technical rating, GLDD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.59. Right above this resistance zone may be a good entry point.
More info and screens
10.58
7 important support areas can be observed.
- A support zone ranging from 14.85 to 14.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.90 to 13.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.25 to 13.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.21 from a trend line in the weekly time frame.
- Support @11.72 from a horizontal line in the daily time frame.
- A support zone ranging from 11.13 to 11.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.59 to 15.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 87 | POSITIVE | GLDD has a high relative strength, it outperformed 87% 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) | 61.52 | NEUTRAL | The RSI value for GLDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GLDD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.3 | NEUTRAL | The Stochastics value for GLDD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for GLDD suggests some volalility. |
| Average Directional Index/ADX (14) | 34.96 | POSITIVE | The high ADX value value for GLDD suggests a strong trend. |
15.58
+0.69 (+4.63%)
GREAT LAKES DREDGE & DOCK CO / GLDD 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 61.5159. 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.