Granite Construction Technical Analysis (NYSE:GVA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Granite Construction stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GVA stock chart which creates a trading signal.
See Granite Construction bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Granite Construction stock analysis.
Granite Construction Moving Average
Moving averages show the GVA stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Granite Construction are mostly signals of long term trends and will help long term traders.
Granite Construction Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Granite Construction. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $57.54 is in the lower range of Granite Construction bollinger bands.
Granite Construction Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Granite Construction MACD line is below the signal line.
Granite Construction 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 . 56.7 is the RSI value of GVA stock.