GILDAN ACTIVEWEAR INC (GIL) Technical Analysis
NYSE:GIL • CA3759161035
Current stock price
GIL Technical Rating and Analysis
Taking everything into account, GIL scores 1 out of 10 in our technical rating. GIL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- GIL has an average volume of 1423990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, GIL outperforms 67% of them, which is more or less in line with the market.
- GIL is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, GIL did better than 59% of them.
- GIL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GIL is lagging the market.
- In the last month GIL has a been trading in the 53.47 - 59.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GIL Weekly and Daily overview Charts
GIL Setup Rating and Analysis
Although the technical rating is bad, GIL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 54.42, a Stop Loss order could be placed below this zone.
More info and screens
GIL Support and Resistance Analysis
51.90
We found 2 important support areas.
- A support zone ranging from 53.68 to 54.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.85 to 57.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
GIL 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 | DOWN | NEGATIVE | The long term trend for GIL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GIL is down. |
| ChartMill Relative Strength | 67.26 | NEUTRAL | GIL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GIL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GIL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GIL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.27 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests GIL has a positive trend. |
| Stochastics (14,3) | 77.49 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 30.8 | POSITIVE | The high ADX value value for GIL suggests a strong trend. |
GIL Chart- and CandleStick Pattern Analysis
GIL Technicals: Chart, Performance Metrics, Trend & Indicators
57.84
+0.45 (+0.78%)
GILDAN ACTIVEWEAR INC / GIL TA FAQ
What is the ChartMill technical rating of GILDAN ACTIVEWEAR INC (GIL) stock?
ChartMill assigns a technical rating of 1 / 10 to GIL.
What is the current trend direction of GILDAN ACTIVEWEAR INC (GIL) stock?
The current trend direction for GILDAN ACTIVEWEAR INC (GIL) is Bearish.
What is the RSI signal for GIL stock?
GILDAN ACTIVEWEAR INC (GIL) has an RSI value of 47.2707. This indicates that the stock is currently neutral.
What is the MACD signal for GILDAN ACTIVEWEAR INC (GIL) stock?
The MACD indicator for GILDAN ACTIVEWEAR INC (GIL) has a value of 0.611195, indicating a bearish trend.
What is the support and resistance level for GIL stock?
GILDAN ACTIVEWEAR INC (GIL) has a support level at 54.42 and a resistance level at 57.85. Check the full technical report for our detailed analysis of GIL support and resistance levels.