RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GLDD
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Great Lakes Dredge & Dock Corporation stock upgraded from Hold/Accumulate to Strong Buy Candidate after Friday trading session.
(Updated on Jul 19, 2024)

Buy candidate since Jul 19, 2024 PDF

The Great Lakes Dredge & Dock Corporation stock price gained 2.98% on the last trading day (Friday, 19th Jul 2024), rising from $9.07 to $9.34. During the last trading day the stock fluctuated 6.64% from a day low at $8.89 to a day high of $9.48. The price has risen in 6 of the last 10 days and is up by 12.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 699 thousand more shares were traded than the day before. In total, 940 thousand shares were bought and sold for approximately $8.78 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.26% during the next 3 months and, with a 90% probability hold a price between $8.57 and $11.76 at the end of this 3-month period.

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GLDD Signals & Forecast

The Great Lakes Dredge & Dock Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.02 and $8.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Great Lakes Dredge & Dock Corporation stock

Great Lakes Dredge & Dock Corporation finds support from accumulated volume at $9.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.590 between high and low, or 6.64%. For the last week, the stock has had daily average volatility of 4.26%.

Our recommended stop-loss: $8.80 (-5.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 55 days ago.)

Trading Expectations (GLDD) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Great Lakes Dredge & Dock Corporation to open at $9.24, and during the day (based on 14 day Average True Range), to move between $9.04 and $9.64, which gives a possible trading interval of +/-$0.304 (+/-3.26%) up or down from last closing price. If Great Lakes Dredge & Dock Corporation takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.35 (0.11%) than the support at $9.19 (1.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Great Lakes Dredge & Dock Corporation stock A Buy?

Great Lakes Dredge & Dock Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.300 Strong Buy Candidate Upgraded

Predicted Opening Price for Great Lakes Dredge & Dock Corporation of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$9.24 ( 1.11%) $9.34

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GLDD

Fibonacci Support & Resistance Levels

Level Price
R3 9.83 5.21%
R2 9.60 2.80%
R1 9.46 1.31%
Price 9.34
S1 9.01 -3.52%
S2 8.87 -5.01%
S3 8.65 -7.42%

Accumulated Volume Support & Resistance Levels

Level Price
R3 9.65 3.32%
R2 9.60 2.78%
R1 9.35 0.107%
Price 9.34
S1 9.19 -1.61%
S2 8.78 -6.00%
S3 8.75 -6.32%

GLDD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 11, 2012 Dec 19, 2012 Dec 28, 2012 $0.250 2.83%
2 Aug 28, 2012 Sep 05, 2012 Sep 14, 2012 $0.0210 0.269%
3 May 29, 2012 Jun 06, 2012 Jun 15, 2012 $0.0210 0.318%
4 Feb 28, 2012 Mar 07, 2012 Mar 16, 2012 $0.0210 0.289%
5 Nov 29, 2011 Dec 07, 2011 Dec 16, 2011 $0.0210 0.400%

FAQ

What is the symbol for Great Lakes Dredge & Dock Corporation Stock and on which exchange is it traded?
The symbol for Great Lakes Dredge & Dock Corporation is GLDD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Great Lakes Dredge & Dock Corporation Stock?
Great Lakes Dredge & Dock Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy Great Lakes Dredge & Dock Corporation Stock?
Great Lakes Dredge & Dock Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Great Lakes Dredge & Dock Corporation Stock.

What's the current price of Great Lakes Dredge & Dock Corporation Stock?
As of the end of day on the Jul 19, 2024, the price of an Great Lakes Dredge & Dock Corporation (GLDD) share was $9.34.

What is the 52-week high and low for Great Lakes Dredge & Dock Corporation Stock?
The 52-week high for Great Lakes Dredge & Dock Corporation Stock is $9.78 and the 52-week low is $6.12.

What is the market capitalization of Great Lakes Dredge & Dock Corporation Stock?
As of the Jul 19, 2024, the market capitalization of Great Lakes Dredge & Dock Corporation is 625.867M.

When is the next earnings date for Great Lakes Dredge & Dock Corporation?
The upcoming earnings date for Great Lakes Dredge & Dock Corporation is Aug 06, 2024.
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About Great Lakes Dredge & Dock Corporation

Great Lakes Dredge & Dock Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects that comprises of moving sa... GLDD Profile

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