GREAT LAKES DREDGE & DOCK CO (GLDD) Stock Technical Analysis
NASDAQ:GLDD - Nasdaq - US3906071093 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to GLDD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month GLDD has a been trading in the 11.02 - 12.46 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, GLDD did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
GLDD is an average performer in the Construction & Engineering industry, it outperforms 56% of 52 stocks in the same industry.
GLDD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLDD is lagging the market.
GLDD has an average technical rating and it also does not offer a high 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
8.25
12.83
2 important support areas can be observed.
- A support zone ranging from 11.06 to 11.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.33 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @11.46 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.36 to 12.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 12.69 to 12.70. 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 | DOWN | NEGATIVE | The short term trend for GLDD is down. |
| ChartMill Relative Strength | 82.94 | POSITIVE | GLDD has a high relative strength, it outperformed 82.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLDD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLDD is below 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) | 41 | NEUTRAL | The RSI value for GLDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests GLDD has a negative trend. |
| Stochastics (14,3) | 7.67 | OVERSOLD | The low Stochastics value suggests GLDD may be oversold. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for GLDD suggests some volalility. |
| Average Directional Index/ADX (14) | 29.17 | 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)
11.07
-0.12 (-1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-1.07%
1 Week-8.21%
2 Weeks-7.9%
1 Month-4.4%
3 Month24.66%
6 Month-0.09%
12 Month27.53%
2 Year31.79%
3 Year-14.39%
5 Year32.42%
10 Year118.34%
15 Year97.68%
Volatility
ATR(14)0.32
ATR(20)%2.74%
ATR Inc-33.17%
Range Today0.21
ADR(20)0.29
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.94
Mansfield-0.28
10 Day High12.46
10 Day Low11.02
20 Day High12.46
20 Day Low11.02
52 Week High12.89
52 Week Low7.51
CS1 End11.07
CR1 Start11.46
Volume & EV
DER(3)0.91%
DER(5)-2.16%
Volume289.10K
Volume Incr-14.02%
Vol(5)453.64K
Vol(50)587.84K