GRANITE CONSTRUCTION INC (GVA) Stock Technical Analysis
USA - NYSE:GVA - US3873281071 - Common Stock
105.03 USD
-0.55 (-0.52%)
104.63 USD
-0.4 (-0.38%)
Overall GVA gets a technical rating of 7 out of 10. In the last year, GVA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month GVA has a been trading in the 104.27 - 111.71 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, GVA did better than 82% 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
GVA is part of the Construction & Engineering industry. There are 55 other stocks in this industry, GVA did better than 64% of them.
Besides having an excellent technical rating, GVA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 105.02, a Stop Loss order could be placed below this zone.
More info and screens
83.44
112.40
We found 3 important support areas.
- A support zone ranging from 104.51 to 105.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @99.17 from a trend line in the daily time frame.
- Support @84.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 105.37 to 108.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 111.05 to 111.29. 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 | DOWN | NEGATIVE | The short term trend for GVA is down. |
| ChartMill Relative Strength | 82.52 | POSITIVE | GVA has a high relative strength, it outperformed 82.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GVA is below 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) | 41.03 | NEUTRAL | The RSI value for GVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests GVA has a negative trend. |
| Stochastics (14,3) | 16.85 | OVERSOLD | The low Stochastics value suggests GVA may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for GVA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.6 | 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 |
|---|---|---|---|
| 108.44 | 104.50 | 3.94 (3.63%) | 25.00% |
| An entry @108.44. This is a Buy Stop order right above the resistance zone. | An exit @104.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.94 points, which is 3.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- 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.
105.03
-0.55 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.52%
1 Week-0.36%
2 Weeks-3.86%
1 Month-4.52%
3 Month11.69%
6 Month35.96%
12 Month27.73%
2 Year159.46%
3 Year211.38%
5 Year443.92%
10 Year219.82%
15 Year334.37%
Volatility
ATR(14)2.4
ATR(20)%2.15%
ATR Inc-23.91%
Range Today1.55
ADR(20)2.2
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.52
Mansfield0.39
10 Day High110.67
10 Day Low104.27
20 Day High111.71
20 Day Low104.27
52 Week High112.16
52 Week Low69.08
CS1 End105.02
CR1 Start105.37
Volume & EV
DER(3)0.79%
DER(5)1.1%
Volume719.50K
Volume Incr-23.14%
Vol(5)651.76K
Vol(50)685.44K