GULF ISLAND FABRICATION INC (GIFI) Technical Analysis
NASDAQ:GIFI • US4023071024
Current stock price
GIFI Technical Rating and Analysis
Overall GIFI gets a technical rating of 9 out of 10. 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 60 other stocks in this industry. GIFI outperforms 72% of them.
- A new 52 week high is currently being made by GIFI, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so GIFI is leading the market.
- When comparing the yearly performance of all stocks, we notice that GIFI is one of the better performing stocks in the market, outperforming 94% of all 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.
GIFI Weekly and Daily overview Charts
GIFI Setup Rating and Analysis
GIFI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
GIFI Support and Resistance Analysis
6.91
3 important support areas can be observed.
- 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.
GIFI Technical Indicator Signal Analysis
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. |
GIFI Chart- and CandleStick Pattern Analysis
GIFI Example Setup
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%. |
- 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.
GIFI Technicals: Chart, Performance Metrics, Trend & Indicators
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GULF ISLAND FABRICATION INC / GIFI TA 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.