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. Although GAP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- GAP is one of the better performing stocks in the Specialty Retail industry, it outperforms 75% of 121 stocks in the same industry.
- 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 8773900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that GAP is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month GAP has a been trading in the 24.77 - 29.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GAP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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. There is a support zone below the current price at 26.15, a Stop Loss order could be placed below this zone.
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18.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.19 to 26.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.60 to 20.90. 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 | 79.59 | POSITIVE | GAP has a high relative strength, it outperformed 79.59% 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) | 50.71 | NEUTRAL | The RSI value for GAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GAP has a negative trend. |
| Stochastics (14,3) | 48.88 | NEUTRAL | The Stochastics value for GAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for GAP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.79 | 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 |
|---|---|---|---|
| 27.18 | 25.18 | 2.00 (7.35%) | 13.61% |
| An entry @27.18. This is a Buy Stop order right above the 10 day moving average. | An exit @25.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.00 points, which is 7.35%. | When investing 13.61% 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.
26.73
-0.55 (-2.02%)
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 50.7131. 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 -0.0354396, indicating a bearish trend.
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.