Great Lakes Dredge & Dock Technical Analysis (NASDAQ:GLDD)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The GLDD stock chart pattern can give those who understand technical analysis an indication of which way GLDD stock is headed, but cannot predict with 100% certainty as to what can happen to the Great Lakes Dredge & Dock stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Great Lakes Dredge & Dock. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Great Lakes Dredge & Dock stock analysis.
Great Lakes Dredge & Dock Moving Average
Moving averages help predict the price direction of GLDD stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $5.15 is below the price of $5.25.
Great Lakes Dredge & Dock Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Great Lakes Dredge & Dock. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Great Lakes Dredge & Dock bollinger bands.
Great Lakes Dredge & Dock Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Great Lakes Dredge & Dock MACD line is above the signal line.
Great Lakes Dredge & Dock Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of GLDD stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.