GAP INC/THE (GAP) Technical Analysis
NYSE:GAP • US3647601083
Current stock price
GAP Technical Rating and Analysis
Overall GAP gets a technical rating of 5 out of 10. In the last year, GAP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- GAP is one of the better performing stocks in the Specialty Retail industry, it outperforms 72% of 124 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.
- In the last month GAP has a been trading in the 22.83 - 26.67 range, which is quite wide. It is currently trading near the high of this range.
- GAP has an average volume of 8145710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, GAP outperforms 69% of them, which is more or less in line with the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GAP Weekly and Daily overview Charts
GAP Setup Rating and Analysis
GAP has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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GAP Support and Resistance Analysis
22.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.35 to 25.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.85 to 23.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.41 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @28.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 28.96 to 29.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
GAP Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for GAP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GAP is up. |
| ChartMill Relative Strength | 69.96 | NEUTRAL | GAP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAP is above 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) | 57.9 | NEUTRAL | The RSI value for GAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests GAP has a positive trend. |
| Stochastics (14,3) | 87.38 | OVERBOUGHT | The high Stochastics value suggests GAP may be overbought. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for GAP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for GAP suggests a weak or negative trend. |
GAP Chart- and CandleStick Pattern Analysis
GAP Technicals: Chart, Performance Metrics, Trend & Indicators
26.3
-0.06 (-0.23%)
GAP INC/THE / GAP TA FAQ
What is the ChartMill technical rating of GAP INC/THE (GAP) stock?
ChartMill assigns a technical rating of 5 / 10 to GAP.
Can you provide the trend direction for GAP INC/THE?
The current trend direction for GAP INC/THE (GAP) is Bearish.
What is the RSI signal for GAP INC/THE (GAP) stock?
GAP INC/THE (GAP) has an RSI value of 57.9015. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GAP INC/THE?
The short term momentum for GAP INC/THE (GAP) is positive.
What is the support and resistance level for GAP stock?
GAP INC/THE (GAP) has a support level at 25.03 and a resistance level at 28.42. Check the full technical report for our detailed analysis of GAP support and resistance levels.