GRANITE CONSTRUCTION INC (GVA) Stock Technical Analysis
NYSE:GVA • US3873281071
Overall GVA gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GVA is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, GVA also shows a nice and consistent pattern of rising prices.
- GVA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GVA has a been trading in the 118.12 - 136.97 range, which is quite wide. It is currently trading near the high of this range.
- GVA is part of the Construction & Engineering industry. There are 55 other stocks in this industry, GVA did better than 64% of them.
GVA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
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104.55
When analyzing the support we can see 5 important areas.
- A support zone ranging from 131.91 to 132.80. 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 126.86 to 128.44. 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 119.37 to 120.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @112.15 from a trend line in the weekly time frame.
- Support @105.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 136.20 to 136.20. 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 | 90.7 | POSITIVE | GVA has a high relative strength, it outperformed 90.7% 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) | 68.74 | NEUTRAL | The RSI value for GVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests GVA has a positive trend. |
| Stochastics (14,3) | 92.13 | OVERBOUGHT | The high Stochastics value suggests GVA may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for GVA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.8 | POSITIVE | The high ADX value value for GVA suggests a strong trend. |
136.19
+1.43 (+1.06%)
GRANITE CONSTRUCTION INC / GVA FAQ
What is the technical rating for GVA stock?
ChartMill assigns a technical rating of 10 / 10 to GVA.
Can you provide the trend direction for GRANITE CONSTRUCTION INC?
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 68.7415. This indicates that the stock is currently neutral.
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 132.8 and a resistance level at 136.2. Check the full technical report for our detailed analysis of GVA support and resistance levels.