GLOBAL INDUSTRIAL CO (GIC) Stock Technical Analysis
NYSE:GIC - New York Stock Exchange, Inc. - US37892E1029 - Common Stock - Currency: USD
Overall GIC gets a technical rating of 5 out of 10. Although GIC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
68% of all other stocks performed better in the past year than GIC.
GIC is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, of which 72% are performing better than GIC.
Both the short term and long term trends are positive. This is a very positive sign.
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 26.69 - 28.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, GIC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 27.30, a Stop Loss order could be placed below this zone.
More info and screens
26.27
28.81
When analyzing the support we notice one important area.
- A support zone ranging from 26.54 to 27.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.50 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 | UP | POSITIVE | The short term trend for GIC is up. |
| ChartMill Relative Strength | 32.51 | 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) | 50.74 | NEUTRAL | The RSI value for GIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GIC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.61 | NEUTRAL | The Stochastics value for GIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for GIC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.46 | NEGATIVE | The low ADX value for GIC suggests a weak or negative 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)
27.35
-0.47 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.69%
1 Week1.3%
2 Weeks-3.76%
1 Month-0.07%
3 Month23.64%
6 Month8.06%
12 Month-23.75%
2 Year-4.04%
3 Year-23.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%2.06%
ATR Inc-8.99%
Range Today0.54
ADR(20)0.55
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.51
Mansfield-0.84
10 Day High28.23
10 Day Low26.69
20 Day High28.59
20 Day Low26.69
52 Week High36.17
52 Week Low20.79
CS1 End27.3
CR1 Start27.5
Volume & EV
DER(3)-1%
DER(5)-1.34%
Volume59.10K
Volume Incr-22.18%
Vol(5)58.65K
Vol(50)70.82K