GLOBAL INDUSTRIAL CO (GIC) Stock Technical Analysis
NYSE:GIC - New York Stock Exchange, Inc. - US37892E1029 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to GIC. In the last year, GIC was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
GIC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.50, a Stop Loss order could be placed below this zone.
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26.30
When analyzing the support we notice one important area.
- A support zone ranging from 26.57 to 27.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.61 to 28.52. 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 | 36 | NEUTRAL | GIC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIC is below a declining 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) | DOWN | MIXED | The current price of GIC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.02 | NEUTRAL | The RSI value for GIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests GIC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.14 | NEUTRAL | The Stochastics value for GIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for GIC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for GIC suggests a weak or negative trend. |
27.53
+0.18 (+0.66%)