GREAT LAKES DREDGE & DOCK CO (GLDD) Stock Technical Analysis
NASDAQ:GLDD - Nasdaq - US3906071093 - Common Stock - Currency: USD
Taking everything into account, GLDD scores 8 out of 10 in our technical rating. GLDD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
GLDD is part of the Construction & Engineering industry. There are 51 other stocks in this industry. GLDD outperforms 76% of them.
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.
When comparing the yearly performance of all stocks, we notice that GLDD is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
GLDD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLDD is lagging the market slightly.
GLDD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
8.09
12.82
We found 3 important support areas.
- A support zone ranging from 10.68 to 10.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.59 from a trend line in the daily time frame.
- Support @8.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 11.06 to 11.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.43 to 11.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.75 from a horizontal line in the daily time frame.
- Resistance @12.69 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 | 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 | 90.16 | POSITIVE | GLDD has a high relative strength, it outperformed 90.16% 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) | 59.75 | NEUTRAL | The RSI value for GLDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GLDD has a negative trend. |
| Stochastics (14,3) | 67.7 | NEUTRAL | The Stochastics value for GLDD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for GLDD suggests some volalility. |
| Average Directional Index/ADX (14) | 35.04 | POSITIVE | The high ADX value value for GLDD 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)
10.69
-0.17 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.57%
1 Week-5.48%
2 Weeks1.04%
1 Month17.99%
3 Month26.96%
6 Month-13.3%
12 Month16.2%
2 Year68.61%
3 Year-27.28%
5 Year15.32%
10 Year92.27%
15 Year83.68%
Volatility
ATR(14)0.4
ATR(20)%3.46%
ATR Inc-44.98%
Range Today0.2
ADR(20)0.32
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.16
Mansfield0.28
10 Day High11.55
10 Day Low10.54
20 Day High11.55
20 Day Low8.88
52 Week High12.89
52 Week Low7.51
CS1 End10.68
CR1 Start11.06
Volume & EV
DER(3)-1.27%
DER(5)-2.98%
Volume465.40K
Volume Incr-24.18%
Vol(5)488.66K
Vol(50)542.32K