GRANITE CONSTRUCTION INC (GVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GVA - US3873281071 - Common Stock
We assign a technical rating of 10 out of 10 to GVA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GVA is showing a nice and steady performance.
Although GVA has an excellent technical rating, the quality of the presented setup is not ideal 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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87.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 103.62 to 103.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 98.50 to 98.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 115.46 to 116.65. 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 GVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GVA is up. |
| ChartMill Relative Strength | 80.4 | POSITIVE | GVA has a high relative strength, it outperformed 80.4% 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) | 70.76 | OVERBOUGHT | The high RSI value suggests GVA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests GVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.89 | NEUTRAL | The Stochastics value for GVA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for GVA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.14 | POSITIVE | The high ADX value value for GVA suggests a strong trend. |
115.45
+1.66 (+1.46%)
GRANITE CONSTRUCTION INC / GVA FAQ
What is the technical rating for GVA stock?
ChartMill assigns a technical rating of 10 / 10 to GVA.
What is the current trend direction of GRANITE CONSTRUCTION INC (GVA) stock?
The current trend direction for GRANITE CONSTRUCTION INC (GVA) is Bullish.
Can you provide the RSI signal for GRANITE CONSTRUCTION INC?
GRANITE CONSTRUCTION INC (GVA) has an RSI value of 70.7586. This indicates that the stock is currently overbought.
What is the buy/sell signal for GVA stock?
The buy/sell signal for GRANITE CONSTRUCTION INC (GVA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for GRANITE CONSTRUCTION INC?
GRANITE CONSTRUCTION INC (GVA) has a support level at 103.68 and a resistance level at 115.46. Check the full technical report for our detailed analysis of GVA support and resistance levels.