GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
USA - NYSE:GIL - CA3759161035 - Common Stock
Taking everything into account, GIL scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although GIL has an excellent technical rating, it does not present a decent entry opportunity 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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43.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 56.70 to 58.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.11 from a trend line in the daily time frame.
- Support @50.50 from a horizontal line in the daily time frame.
- Support @43.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.95 to 61.53. This zone is formed by a combination of multiple trend lines and important moving averages 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 GIL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GIL is neutral. |
| ChartMill Relative Strength | 74.24 | POSITIVE | GIL has a high relative strength, it outperformed 74.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GIL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GIL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.29 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests GIL has a negative trend. |
| Stochastics (14,3) | 20.61 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.89 | POSITIVE | The high ADX value value for GIL suggests a strong trend. |
58.29
-0.55 (-0.93%)
GILDAN ACTIVEWEAR INC / GIL FAQ
What is the ChartMill technical rating of GILDAN ACTIVEWEAR INC (GIL) stock?
ChartMill assigns a technical rating of 7 / 10 to GIL.
Can you provide the trend direction for GILDAN ACTIVEWEAR INC?
The current trend direction for GILDAN ACTIVEWEAR INC (GIL) is Bullish.
Can you provide the RSI signal for GILDAN ACTIVEWEAR INC?
GILDAN ACTIVEWEAR INC (GIL) has an RSI value of 44.2927. This indicates that the stock is currently neutral.
What is the support and resistance level for GIL stock?
GILDAN ACTIVEWEAR INC (GIL) has a support level at 58.28 and a resistance level at 59.95. Check the full technical report for our detailed analysis of GIL support and resistance levels.