Granite Construction's 15-minute chart shows MACD and KDJ death crosses.

Based on the analysis of Granite Construction's 15-minute chart, there have been two significant indicators of a potential downward trend in the stock price. Firstly, the MACD (Moving Average Convergence Divergence) indicator has triggered a "Death Cross," which suggests that the stock price may continue to decline. Secondly, the KDJ (Kstochastic Oscillator) indicator has also triggered a "Death Cross," which indicates that the momentum of the stock price is shifting towards the downside and has the potential to further decrease.

Granite Construction Incorporated (GVA) has recently shown significant technical indicators on its 15-minute chart that suggest a potential downward trend in its stock price. The Moving Average Convergence Divergence (MACD) and the KDJ (Kstochastic Oscillator) indicators have both triggered "Death Cross" signals, indicating a shift in the stock's momentum towards the downside.

The MACD, a popular technical indicator, measures the relationship between two moving averages of a security's price. When the MACD line crosses below the signal line, it is known as a "Death Cross," which historically has been associated with a bearish signal. According to [1], this recent MACD Death Cross on Granite Construction's chart suggests that the stock price may continue to decline.

Similarly, the KDJ Oscillator, which is used to measure momentum, has also triggered a "Death Cross." This signal indicates that the momentum of the stock price is shifting towards the downside, potentially leading to further decreases. The KDJ Oscillator compares the K and D lines, and when the D line crosses below the K line, it is considered a bearish signal.

While these technical indicators suggest a potential downward trend, it is essential to consider other factors as well. Granite Construction has been upgraded to a Zacks Rank #2 (Buy) [1], indicating a positive outlook on its earnings estimates. However, the technical signals on the 15-minute chart may offset these positive expectations.

Investors should exercise caution and closely monitor Granite Construction's performance in the coming days to assess the implications of these technical signals. It is crucial to consider both the earnings outlook and the technical indicators when making investment decisions.

References:
[1] https://www.nasdaq.com/articles/granite-construction-gva-upgraded-buy-heres-why
[2] https://www.ainvest.com/news/granite-construction-bollinger-bands-narrowing-kdj-death-cross-triggered-15min-chart-2508-18/