GRANITE CONSTRUCTION INC (GVA) Stock Technical Analysis
NYSE:GVA - New York Stock Exchange, Inc. - US3873281071 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GVA. Both in the recent history as in the last year, GVA 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, GVA did better than 87% of all other stocks. We also observe that the gains produced by GVA over the past year are nicely spread over this period.
GVA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GVA is lagging the market slightly.
In the last month GVA has a been trading in the 87.72 - 95.31 range, which is quite wide. It is currently trading near the high of this range.
GVA is an average performer in the Construction & Engineering industry, it outperforms 68% of 52 stocks in the same industry.
GVA 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
75.49
95.22
4 important support areas can be observed.
- A support zone ranging from 91.23 to 91.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 88.60 to 89.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.10 from a trend line in the weekly time frame.
- Support @76.25 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @94.28 from a trend 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 GVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GVA is up. |
| ChartMill Relative Strength | 87.47 | POSITIVE | GVA has a high relative strength, it outperformed 87.47% 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) | 62.13 | NEUTRAL | The RSI value for GVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GVA has a negative trend. |
| Stochastics (14,3) | 82.23 | OVERBOUGHT | The high Stochastics value suggests GVA may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for GVA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.26 | NEGATIVE | The low ADX value for GVA suggests a weak or negative 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 |
|---|---|---|---|
| 94.29 | 91.22 | 3.07 (3.26%) | 25.00% |
| An entry @94.29. This is a Buy Stop order right above the resistance zone. | An exit @91.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.07 points, which is 3.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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.
93.74
-0.38 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.4%
1 Week-0.17%
2 Weeks2.53%
1 Month4.03%
3 Month19.31%
6 Month7.45%
12 Month48.37%
2 Year129.02%
3 Year213.51%
5 Year452.71%
10 Year175.54%
15 Year303.18%
Volatility
ATR(14)1.79
ATR(20)%1.85%
ATR Inc-9.08%
Range Today1.39
ADR(20)1.7
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.47
Mansfield0.4
10 Day High95.31
10 Day Low91.12
20 Day High95.31
20 Day Low87.72
52 Week High105.2
52 Week Low63.37
CS1 End91.73
CR1 Start94.28
Volume & EV
DER(3)-0.73%
DER(5)-0.32%
Volume325.40K
Volume Incr-27.85%
Vol(5)369.74K
Vol(50)552.71K