GULF ISLAND FABRICATION INC (GIFI) Stock Technical Analysis
USA - NASDAQ:GIFI - US4023071024 - Common Stock
Taking everything into account, GIFI scores 10 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, GIFI is showing a nice and steady performance.
GIFI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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6.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.06 to 7.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.64 to 6.81. 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 | 84.71 | POSITIVE | GIFI has a high relative strength, it outperformed 84.71% 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) | 58.27 | NEUTRAL | The RSI value for GIFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GIFI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.97 | NEUTRAL | The Stochastics value for GIFI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for GIFI suggests some volalility. |
| Average Directional Index/ADX (14) | 37.03 | 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 |
|---|---|---|---|
| 8.24 | 7.32 | 0.92 (11.17%) | 8.96% |
| An entry @8.24. This is a Buy Stop order right above the 10 day high. | An exit @7.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.92 points, which is 11.17%. | For a 1.00% total portfolio risk, you can invest 8.96% 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.
7.81
-0.18 (-2.25%)
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 10 / 10 to GIFI.
What is the current trend direction of GULF ISLAND FABRICATION INC (GIFI) stock?
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 58.2673. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GULF ISLAND FABRICATION INC?
The MACD indicator for GULF ISLAND FABRICATION INC (GIFI) has a value of 0.0374972, indicating a bearish trend.
Can you provide the buy/sell signal for GULF ISLAND FABRICATION INC?
The buy/sell signal for GULF ISLAND FABRICATION INC (GIFI) is buy as both the short term and long term trends are positive.