GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GIL - CA3759161035 - Common Stock
Overall GIL gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GIL has proven to be a steady performer, scoring decent points in every aspect analyzed.
GIL 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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44.76
When analyzing the support we can see 5 important areas.
- A support zone ranging from 59.06 to 59.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.77 from a trend line in the daily time frame.
- A support zone ranging from 55.38 to 55.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.90 from a horizontal line in the daily time frame.
- Support @45.21 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @64.63 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for GIL is up. |
| ChartMill Relative Strength | 84.11 | POSITIVE | GIL has a high relative strength, it outperformed 84.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIL is above the rising 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) | 59.89 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GIL has a negative trend. |
| Stochastics (14,3) | 61.8 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for GIL 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 |
|---|---|---|---|
| 64.64 | 61.67 | 2.97 (4.59%) | 21.76% |
| An entry @64.64. This is a Buy Stop order right above the resistance zone. | An exit @61.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.97 points, which is 4.59%. | For a 1.00% total portfolio risk, you can invest 21.76% 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.
62.93
+0.47 (+0.75%)
GILDAN ACTIVEWEAR INC / GIL FAQ
What is the ChartMill technical rating of GILDAN ACTIVEWEAR INC (GIL) stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
Can you provide the RSI signal for GILDAN ACTIVEWEAR INC?
GILDAN ACTIVEWEAR INC (GIL) has an RSI value of 59.8898. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GILDAN ACTIVEWEAR INC?
The MACD indicator for GILDAN ACTIVEWEAR INC (GIL) has a value of -0.0342357, indicating a bearish trend.
Can you provide the short term momentum for GILDAN ACTIVEWEAR INC?
The short term momentum for GILDAN ACTIVEWEAR INC (GIL) is positive.