GAP INC/THE (GAP) Stock Technical Analysis
NYSE:GAP • US3647601083
We assign a technical rating of 7 out of 10 to GAP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GAP is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- GAP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GAP is lagging the market slightly.
- GAP has an average volume of 7255340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, GAP turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- GAP is part of the Specialty Retail industry. There are 123 other stocks in this industry, GAP did better than 64% of them.
- In the last month GAP has a been trading in the 25.92 - 29.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GAP also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.52, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.94
We found 1 important support area.
- A support zone ranging from 25.19 to 25.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.89 to 29.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GAP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GAP is neutral. |
| ChartMill Relative Strength | 66.12 | NEUTRAL | GAP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GAP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.59 | NEUTRAL | The RSI value for GAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests GAP has a negative trend. |
| Stochastics (14,3) | 49.91 | NEUTRAL | The Stochastics value for GAP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for GAP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for GAP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.14 | 25.91 | 3.23 (11.08%) | 9.02% |
| An entry @29.14. This is a Buy Stop order right above the resistance zone. | An exit @25.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.23 points, which is 11.08%. | When investing 9.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.25
+0.21 (+0.78%)
GAP INC/THE / GAP FAQ
What is the ChartMill technical rating of GAP INC/THE (GAP) stock?
ChartMill assigns a technical rating of 7 / 10 to GAP.
Can you provide the trend direction for GAP INC/THE?
The current trend direction for GAP INC/THE (GAP) is Bullish.
What is the RSI signal for GAP stock?
GAP INC/THE (GAP) has an RSI value of 47.5918. This indicates that the stock is currently neutral.
What is the MACD signal for GAP INC/THE (GAP) stock?
The MACD indicator for GAP INC/THE (GAP) has a value of -0.110751, indicating a bearish trend.