GAP INC/THE (GAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GAP - US3647601083 - Common Stock
Overall GAP gets a technical rating of 7 out of 10. 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.
Besides having an excellent technical rating, GAP also presents 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 resistance zone just above the current price starting at 28.46. Right above this resistance zone may be a good entry point. 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
18.42
When analyzing the support we can see 5 important areas.
- Support @25.72 from a trend line in the daily time frame.
- Support @23.06 from a horizontal line in the daily time frame.
- A support zone ranging from 20.37 to 20.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.06 from a horizontal line in the weekly time frame.
- Support @18.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.46 to 28.96. 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 | UP | POSITIVE | The short term trend for GAP is up. |
| ChartMill Relative Strength | 78.28 | POSITIVE | GAP has a high relative strength, it outperformed 78.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GAP is below a declining 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) | 53.33 | NEUTRAL | The RSI value for GAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests GAP has a negative trend. |
| Stochastics (14,3) | 47.59 | NEUTRAL | The Stochastics value for GAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GAP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.1 | 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 |
|---|---|---|---|
| 26.96 | 26.08 | 0.88 (3.27%) | 25.00% |
| An entry @26.96. This is a Buy Stop order right above the 10 day moving average. | An exit @26.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.88 points, which is 3.27%. | For a 0.82% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GAP. Please evaluate whether better entry and exit points can be found.
- 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.
26.55
+0.18 (+0.68%)
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.
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 53.3342. 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 positive.
Can you provide the buy/sell signal for GAP INC/THE?
The buy/sell signal for GAP INC/THE (GAP) is buy as both the short term and long term trends are positive.