Taking everything into account, GIFI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GIFI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- GIFI is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry. GIFI outperforms 93% of them.
- A new 52 week high is currently being made by GIFI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- Looking at the yearly performance, GIFI did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month GIFI has a been trading in a tight range between 11.92 and 12.00.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GIFI also presents 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 12.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.97, a Stop Loss order could be placed below this zone.
More info and screens
6.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.93 to 11.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.40 to 7.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.98 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.01 to 12.01. This zone is formed by a combination of multiple trend lines 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 GIFI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GIFI is up. |
| ChartMill Relative Strength | 94.54 | POSITIVE | GIFI has a high relative strength, it outperformed 94.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIFI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GIFI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GIFI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.17 | OVERBOUGHT | The high RSI value suggests GIFI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GIFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests GIFI may be overbought. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for GIFI suggests low volalility. |
| Average Directional Index/ADX (14) | 81.03 | POSITIVE | The high ADX value value for GIFI suggests a strong trend. |
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 |
|---|---|---|---|
| 12.02 | 11.93 | 0.09 (0.75%) | 25.00% |
| An entry @12.02. This is a Buy Stop order right above the resistance zone. | An exit @11.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.75%. | For a 0.19% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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GULF ISLAND FABRICATION INC / GIFI FAQ
What is the ChartMill technical rating of GULF ISLAND FABRICATION INC (GIFI) stock?
ChartMill assigns a technical rating of 9 / 10 to GIFI.
Can you provide the trend direction for GULF ISLAND FABRICATION INC?
The current trend direction for GULF ISLAND FABRICATION INC (GIFI) is Bullish.
Can you provide the RSI signal for GULF ISLAND FABRICATION INC?
GULF ISLAND FABRICATION INC (GIFI) has an RSI value of 83.1715. This indicates that the stock is currently overbought.
What is the MACD signal for GIFI stock?
The MACD indicator for GULF ISLAND FABRICATION INC (GIFI) has a value of -0.0433586, indicating a bearish trend.
What is the short term momentum for GIFI stock?
The short term momentum for GULF ISLAND FABRICATION INC (GIFI) is positive.