GLOBAL INDUSTRIAL CO (GIC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GIC - US37892E1029 - Common Stock
Overall GIC gets a technical rating of 4 out of 10. GIC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, GIC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.86, a Stop Loss order could be placed below this zone.
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25.79
We found 5 important support areas.
- A support zone ranging from 29.60 to 29.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 28.55 to 28.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.06 from a trend line in the daily time frame.
- A support zone ranging from 26.65 to 27.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.05 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.10 to 30.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.08 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for GIC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GIC is up. |
| ChartMill Relative Strength | 59.44 | NEUTRAL | GIC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of GIC is above a declining 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) | 55.78 | NEUTRAL | The RSI value for GIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.47 | NEUTRAL | The Stochastics value for GIC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for GIC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.67 | NEGATIVE | The low ADX value for GIC suggests a weak or negative trend. |
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-0.2 (-0.66%)
GLOBAL INDUSTRIAL CO / GIC FAQ
What is the ChartMill technical rating of GLOBAL INDUSTRIAL CO (GIC) stock?
ChartMill assigns a technical rating of 4 / 10 to GIC.
What is the trend direction for GIC stock?
The current trend direction for GLOBAL INDUSTRIAL CO (GIC) is Bearish.
What is the RSI signal for GLOBAL INDUSTRIAL CO (GIC) stock?
GLOBAL INDUSTRIAL CO (GIC) has an RSI value of 55.7808. 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 0.0324303, indicating a bearish trend.