GREAT LAKES DREDGE & DOCK CO (GLDD) Technical Analysis
NASDAQ:GLDD • US3906071093
Current stock price
GLDD Technical Rating and Analysis
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 92% of all other stocks. On top of that, GLDD also shows a nice and consistent pattern of rising prices.
- GLDD is one of the better performing stocks in the Construction & Engineering industry, it outperforms 72% of 55 stocks in the same industry.
- A new 52 week high is currently being made by GLDD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- GLDD has an average volume of 1842990 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 16.92 and 17.02.
GLDD Weekly and Daily overview Charts
GLDD Setup Rating and Analysis
Besides having an excellent technical rating, GLDD also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.96, a Stop Loss order could be placed below this zone.
More info and screens
GLDD Support and Resistance Analysis
11.57
5 important support areas can be observed.
- A support zone ranging from 16.92 to 16.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.42 from a trend line in the daily time frame.
- Support @14.89 from a horizontal line in the daily time frame.
- Support @12.93 from a trend line in the weekly time frame.
- Support @11.69 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.01 to 17.01. 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 | 92.82 | POSITIVE | GLDD has a high relative strength, it outperformed 92.82% 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) | 68.48 | NEUTRAL | The RSI value for GLDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GLDD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.29 | NEUTRAL | The Stochastics value for GLDD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for GLDD suggests low volalility. |
| Average Directional Index/ADX (14) | 50.14 | 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 |
|---|---|---|---|
| 17.02 | 16.92 | 0.10 (0.59%) | 25.00% |
| An entry @17.02. This is a Buy Stop order right above the resistance zone. | An exit @16.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.59%. | For a 0.15% 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
17
+0.03 (+0.18%)
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 trend direction for GLDD stock?
The current trend direction for GREAT LAKES DREDGE & DOCK CO (GLDD) is Bullish.
Can you provide the RSI signal for GREAT LAKES DREDGE & DOCK CO?
GREAT LAKES DREDGE & DOCK CO (GLDD) has an RSI value of 68.4772. This indicates that the stock is currently neutral.
What is the MACD signal for GREAT LAKES DREDGE & DOCK CO (GLDD) stock?
The MACD indicator for GREAT LAKES DREDGE & DOCK CO (GLDD) has a value of -0.0550436, indicating a bearish trend.
What is the short term momentum for GLDD stock?
The short term momentum for GREAT LAKES DREDGE & DOCK CO (GLDD) is positive.