GREAT LAKES DREDGE & DOCK CO (GLDD) Stock Technical Analysis
USA - NASDAQ:GLDD - US3906071093 - Common Stock
Taking everything into account, GLDD scores 8 out of 10 in our technical rating. Although GLDD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although GLDD has an excellent technical rating, it does not present a decent entry opportunity 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.
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8.62
4 important support areas can be observed.
- A support zone ranging from 11.65 to 11.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.14 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.
- Support @8.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.91 to 12.91. 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 | 70.28 | POSITIVE | GLDD has a high relative strength, it outperformed 70.28% 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) | 66.7 | NEUTRAL | The RSI value for GLDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests GLDD has a positive trend. |
| Stochastics (14,3) | 87.55 | OVERBOUGHT | The high Stochastics value suggests GLDD may be overbought. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for GLDD suggests some volalility. |
| Average Directional Index/ADX (14) | 27.89 | POSITIVE | The high ADX value value for GLDD suggests a strong trend. |
12.9
+0.2 (+1.57%)
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 8 / 10 to GLDD.
Can you provide the trend direction for GREAT LAKES DREDGE & DOCK CO?
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 66.6993. This indicates that the stock is currently neutral.
What is the MACD signal for GLDD stock?
The MACD indicator for GREAT LAKES DREDGE & DOCK CO (GLDD) has a value of 0.172356, indicating a bearish trend.
What is the buy/sell signal for GREAT LAKES DREDGE & DOCK CO (GLDD) stock?
The buy/sell signal for GREAT LAKES DREDGE & DOCK CO (GLDD) is buy as both the short term and long term trends are positive.