GAP INC/THE (GAP) Stock Technical Analysis
USA - NYSE:GAP - US3647601083 - Common Stock
Taking everything into account, GAP scores 6 out of 10 in our technical rating. In the last year, GAP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
GAP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.56, a Stop Loss order could be placed below this zone.
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18.75
4 important support areas can be observed.
- A support zone ranging from 22.23 to 22.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.02 to 20.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.70 to 19.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.94 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 23.60 to 24.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.71 to 24.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @28.96 from a horizontal line in the weekly time frame.
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 | 54.4 | 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) | DOWN | MIXED | The current price of GAP is above a declining 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) | 48.82 | NEUTRAL | The RSI value for GAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GAP has a negative trend. |
| Stochastics (14,3) | 49.32 | NEUTRAL | The Stochastics value for GAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for GAP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.02 | NEUTRAL | The ADX value for GAP suggests a possible start of a new 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 |
|---|---|---|---|
| 24.24 | 22.41 | 1.83 (7.55%) | 13.25% |
| An entry @24.24. This is a Buy Stop order right above the resistance zone. | An exit @22.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.83 points, which is 7.55%. | When investing 13.25% 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.
23.06
-0.42 (-1.79%)
GAP INC/THE / GAP FAQ
What is the ChartMill technical rating of GAP INC/THE (GAP) stock?
ChartMill assigns a technical rating of 6 / 10 to GAP.
What is the current trend direction of GAP INC/THE (GAP) stock?
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 48.8181. This indicates that the stock is currently neutral.
What is the short term momentum for GAP INC/THE (GAP) stock?
The short term momentum for GAP INC/THE (GAP) is neutral.