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.
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Granite Construction Incorporated stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 29, 2024 Gain 10.87% PDF

The Granite Construction Incorporated stock price fell by -0.401% on the last day (Thursday, 28th Mar 2024) from $57.36 to $57.13. During the last trading day the stock fluctuated 1.86% from a day low at $56.57 to a day high of $57.62. The price has risen in 5 of the last 10 days and is up by 4.94% over the past 2 weeks. Volume has increased on the last day by 114 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 389 thousand shares were bought and sold for approximately $22.23 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $57.52 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.96% during the next 3 months and, with a 90% probability hold a price between $60.91 and $69.58 at the end of this 3-month period.

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GVA Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.401%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Granite Construction Incorporated 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 $55.92 and $52.24. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Granite Construction Incorporated stock

On the downside, the stock finds support just below today's level from accumulated volume at $50.17 and $46.99. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Granite Construction Incorporated finds support just below today's level at $50.17. If this is broken, then the next support from accumulated volume will be at $46.99 and $45.07.

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 $1.05 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.19%.

The Granite Construction Incorporated stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $55.67 (-2.55%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GVA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Granite Construction Incorporated to open at $57.11, and during the day (based on 14 day Average True Range), to move between $55.88 and $58.38, which gives a possible trading interval of +/-$1.25 (+/-2.20%) up or down from last closing price. If Granite Construction Incorporated takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $57.36 (0.40%) than the support at $50.17 (12.18%), 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 Granite Construction Incorporated stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Granite Construction Incorporated stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.129 Buy Candidate Downgraded

Predicted Opening Price for Granite Construction Incorporated of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$57.11 ( 0.0408%) $57.13

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

Trading levels for GVA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 58.16 1.80 %
R2 57.76 1.09 %
R1 57.51 0.661 %
Current price: 57.13
Support S1 56.71 -0.743 %
S2 56.46 -1.18 %
S3 56.06 -1.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 57.36 0.403 %
Current price 57.13
Support S1 50.17 -12.18%
S2 46.99 -17.75%
S3 45.07 -21.11%

GVA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 12, 2024 Mar 27, 2024 Apr 15, 2024 $0.130 0.228%
2 Dec 13, 2023 Dec 28, 2023 Jan 12, 2024 $0.130 0.277%
3 Sep 13, 2023 Sep 28, 2023 Oct 13, 2023 $0.130 0.357%
4 Jun 08, 2023 Jun 29, 2023 Jul 14, 2023 $0.130 0.320%
5 Mar 24, 2023 Mar 30, 2023 Apr 14, 2023 $0.130 0.337%

FAQ

What is the symbol for Granite Construction Incorporated Stock and on which exchange is it traded?
The symbol for Granite Construction Incorporated is GVA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Granite Construction Incorporated Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Granite Construction Incorporated stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Granite Construction Incorporated Stock?
Granite Construction Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Granite Construction Incorporated Stock.

What's the current price of Granite Construction Incorporated Stock?
As of the end of day on the 2024-03-28, the price of an Granite Construction Incorporated (GVA) share was $57.13.

What is the 52-week high and low for Granite Construction Incorporated Stock?
The 52-week high for Granite Construction Incorporated Stock is $57.93 and the 52-week low is $33.74.

What is the market capitalization of Granite Construction Incorporated Stock?
As of the 2024-03-28, the market capitalization of Granite Construction Incorporated is 2.512B.

When is the next earnings date for Granite Construction Incorporated?
The upcoming earnings date for Granite Construction Incorporated is May 07, 2024.
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About Granite Construction Incorporated

Granite Constructionorporated Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It al... GVA Profile

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