GLOBAL INDUSTRIAL CO (GIC) Stock Technical Analysis
NYSE:GIC - US37892E1029 - Common Stock
37.33 USD
-0.07 (-0.19%)
37.33 USD
0 (0%)
Taking everything into account, GIC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GIC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
GIC is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 73% of 50 stocks in the same industry.
GIC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GIC has a been trading in the 33.51 - 37.90 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, GIC did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although GIC has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
25.90
37.70
5 important support areas can be observed.
- Support @34.17 from a horizontal line in the daily time frame.
- Support @29.09 from a trend line in the daily time frame.
- Support @27.61 from a trend line in the daily time frame.
- A support zone ranging from 27.01 to 27.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @26.16 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for GIC is up. |
| ChartMill Relative Strength | 84.81 | POSITIVE | GIC has a high relative strength, it outperformed 84.81% 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) | 71.05 | OVERBOUGHT | The high RSI value suggests GIC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GIC has a negative trend. |
| Stochastics (14,3) | 90.82 | OVERBOUGHT | The high Stochastics value suggests GIC may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for GIC suggests some volalility. |
| Average Directional Index/ADX (14) | 48.99 | POSITIVE | The high ADX value value for GIC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 37.91 | 35.01 | 2.90 (7.65%) | 13.07% |
| An entry @37.91. This is a Buy Stop order right above the 10 day high. | An exit @35.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.90 points, which is 7.65%. | When investing 13.07% 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.
37.33
-0.07 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.19%
1 Week2.78%
2 Weeks6.69%
1 Month12.41%
3 Month43.3%
6 Month59.19%
12 Month11.43%
2 Year10.31%
3 Year24.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%2.46%
ATR Inc-17.16%
Range Today0.73
ADR(20)0.88
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.81
Mansfield2.42
10 Day High37.9
10 Day Low35.02
20 Day High37.9
20 Day Low33.51
52 Week High37.9
52 Week Low20.79
CS1 End34.17
CR1 StartN/A
Volume & EV
DER(3)-0.37%
DER(5)-0.12%
Volume91.40K
Volume Incr-8.54%
Vol(5)144.00K
Vol(50)112.40K