Granite Construction Inc (GVA): Price Down $-0.44 (-1.11)% Over Past Day, Down $-0.38 (-0.98)% Over Past Hour

The Hourly View for GVA

Currently, GVA (Get Ratings)’s price is down $-0.38 (-0.98%) from the hour prior. The hourly chart shows that GVA has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Construction stocks, GVA ranks 34th in regards to today’s price percentage change.

GVA’s Technical Outlook on the Daily Chart

At the time of this writing, GVA’s price is down $-0.44 (-1.11%) from the day prior. GVA has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows GVA’s price action over the past 90 days.

GVA

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GVA: Daily RSI Analysis

  • GVA’s RSI now stands at 42.3611.
  • GVA and RSI both have consistent trends, as they are both heading down.

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