GLOBAL INDUSTRIAL CO (GIC) Stock Technical Analysis
NYSE:GIC • US37892E1029
We assign a technical rating of 7 out of 10 to GIC. In the last year, GIC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that GIC is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- GIC is part of the Trading Companies & Distributors industry. There are 51 other stocks in this industry, GIC did better than 68% of them.
- GIC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GIC is lagging the market.
- In the last month GIC has a been trading in the 29.94 - 33.56 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, GIC 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 support zone below the current price at 31.60, a Stop Loss order could be placed below this zone.
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26.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 30.56 to 31.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.22 to 29.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.89 to 27.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.25 to 32.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 GIC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GIC is neutral. |
| ChartMill Relative Strength | 80.94 | POSITIVE | GIC has a high relative strength, it outperformed 80.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.1 | NEUTRAL | The RSI value for GIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GIC has a negative trend. |
| Stochastics (14,3) | 48.44 | NEUTRAL | The Stochastics value for GIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for GIC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.15 | NEUTRAL | The ADX value for GIC 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 |
|---|---|---|---|
| 32.95 | 31.13 | 1.81 (5.51%) | 18.15% |
| An entry @32.95. This is a Buy Stop order right above the resistance zone. | An exit @31.13. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.81 points, which is 5.51%. | When investing 18.15% 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.
31.89
+0.4 (+1.27%)
GLOBAL INDUSTRIAL CO / GIC FAQ
What is the ChartMill technical rating of GLOBAL INDUSTRIAL CO (GIC) stock?
ChartMill assigns a technical rating of 7 / 10 to GIC.
What is the trend direction for GIC stock?
The current trend direction for GLOBAL INDUSTRIAL CO (GIC) is Bullish.
What is the RSI signal for GLOBAL INDUSTRIAL CO (GIC) stock?
GLOBAL INDUSTRIAL CO (GIC) has an RSI value of 54.104. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBAL INDUSTRIAL CO (GIC) stock?
The MACD indicator for GLOBAL INDUSTRIAL CO (GIC) has a value of -0.0878817, indicating a bearish trend.