GIL Technical Analysis - GILDAN ACTIVEWEAR INC

Technical Rating and Analysis

Overall GIL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GIL is only an average performer.

The long and short term trends are both positive. This is looking good!

GIL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month GIL has a been trading in the 74.46 - 86.84 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, GIL turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.

GIL is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 50% of 5 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GILDAN ACTIVEWEAR INC / GIL Weekly stock chart

GILDAN ACTIVEWEAR INC / GIL Daily stock chart

Setup Rating and Analysis

GIL has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

62.07

84.02

When analyzing the support we can see 3 important areas.

A support zone ranging from 73.66 to 74.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @72.31 from a horizontal line in the daily time frame.
Support @62.70 from a trend line in the weekly time frame.

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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 GIL.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for GIL.CA is up.
ChartMill Relative Strength	69.62	NEUTRAL	GIL.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of GIL.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of GIL.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GIL.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.64	NEUTRAL	The RSI value for GIL.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests GIL.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.19	NEUTRAL	The Stochastics value for GIL.CA is a neutral value.
Average True Range in percent/ATR (20)	2.21	MEDIUM VOLATILITY	The ATR as a percentage value for GIL.CA suggests some volalility.
Average Directional Index/ADX (14)	31.59	POSITIVE	The high ADX value value for GIL.CA suggests a strong trend.