GLOBAL INDUSTRIAL CO (GIC) Stock Technical Analysis
NYSE:GIC - New York Stock Exchange, Inc. - US37892E1029 - Common Stock - Currency: USD
Taking everything into account, GIC scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GIC is only an average performer.
The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, GIC turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
GIC is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry, GIC did better than 43% of them.
GIC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GIC is lagging the market slightly.
In the last month GIC has a been trading in the 25.61 - 27.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GIC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 26.05, a Stop Loss order could be placed below this zone.
More info and screens
25.79
28.22
We found 1 important support area.
- A support zone ranging from 26.05 to 26.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.67 to 27.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.94 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 | 46.06 | 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 | NEGATIVE | The current price of GIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.59 | NEUTRAL | The RSI value for GIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests GIC has a negative trend. |
| Stochastics (14,3) | 39.91 | NEUTRAL | The Stochastics value for GIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for GIC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.22 | NEUTRAL | The ADX value for GIC suggests a possible start of a new 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 |
|---|---|---|---|
| 26.86 | 26.04 | 0.82 (3.05%) | 25.00% |
| An entry @26.86. This is a Buy Stop order right above the 10 day moving average. | An exit @26.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.82 points, which is 3.05%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- 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.
26.44
-0.11 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.41%
1 Week-3.57%
2 Weeks-2.47%
1 Month-3.4%
3 Month18.19%
6 Month4.92%
12 Month-17.14%
2 Year-4.79%
3 Year-21.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%2.01%
ATR Inc5.65%
Range Today0.45
ADR(20)0.49
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.06
Mansfield-0.88
10 Day High27.54
10 Day Low26.04
20 Day High27.54
20 Day Low25.62
52 Week High36.17
52 Week Low20.79
CS1 End26.05
CR1 Start26.67
Volume & EV
DER(3)1.23%
DER(5)0.62%
Volume79.92K
Volume Incr19.19%
Vol(5)79.90K
Vol(50)102.82K