GRANITE CONSTRUCTION INC (GVA) Stock Technical Analysis
NYSE:GVA - New York Stock Exchange, Inc. - US3873281071 - Common Stock - Currency: USD
Overall GVA gets a technical rating of 10 out of 10. In the last year, GVA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GVA did better than 90% of all other stocks. On top of that, GVA also shows a nice and consistent pattern of rising prices.
GVA is one of the better performing stocks in the Construction & Engineering industry, it outperforms 78% of 52 stocks in the same industry.
In the last month GVA has a been trading in the 84.45 - 92.40 range, which is quite wide. It is currently trading near the high of this range.
GVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GVA is lagging the market.
Besides having an excellent technical rating, GVA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 91.44. Right above this resistance zone may be a good entry point.
More info and screens
70.68
92.63
When analyzing the support we can see 5 important areas.
- A support zone ranging from 88.78 to 90.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.28 to 86.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.02 from a horizontal line in the daily time frame.
- Support @77.09 from a trend line in the weekly time frame.
- Support @71.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 91.44 to 91.71. This zone is formed by a combination of multiple trend lines 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 GVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GVA is up. |
| ChartMill Relative Strength | 90.83 | POSITIVE | GVA has a high relative strength, it outperformed 90.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.32 | NEUTRAL | The RSI value for GVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GVA has a negative trend. |
| Stochastics (14,3) | 73.21 | NEUTRAL | The Stochastics value for GVA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for GVA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.77 | POSITIVE | The high ADX value value for GVA 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)
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 |
|---|---|---|---|
| 91.72 | 88.77 | 2.95 (3.22%) | 25.00% |
| An entry @91.72. This is a Buy Stop order right above the resistance zone. | An exit @88.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.95 points, which is 3.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of GVA. Please evaluate whether better entry and exit points can be found.
- 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.
90.11
+0.2 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.22%
1 Week0.45%
2 Weeks-0.1%
1 Month5.24%
3 Month21.69%
6 Month-3.56%
12 Month44.66%
2 Year126.52%
3 Year209.23%
5 Year370.79%
10 Year153.76%
15 Year282.15%
Volatility
ATR(14)2.1
ATR(20)%2.04%
ATR Inc1.09%
Range Today1.58
ADR(20)1.78
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.83
Mansfield0.58
10 Day High92.4
10 Day Low87.84
20 Day High92.4
20 Day Low84.45
52 Week High105.2
52 Week Low58.23
CS1 End90.1
CR1 Start91.44
Volume & EV
DER(3)0.16%
DER(5)0.38%
Volume501.60K
Volume Incr-11.1%
Vol(5)481.84K
Vol(50)627.76K