GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
NYSE:GIL - New York Stock Exchange, Inc. - CA3759161035 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to GIL. Although GIL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month GIL has a been trading in the 46.03 - 50.98 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, GIL did better than 76% of all other stocks.
GIL is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 80% of 48 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
GIL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GIL is lagging the market slightly.
GIL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.37
50.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 45.59 to 46.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.35 from a trend line in the weekly time frame.
- Support @39.77 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.31 to 48.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.13 to 50.23. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for GIL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GIL is neutral. |
| ChartMill Relative Strength | 76.84 | POSITIVE | GIL has a high relative strength, it outperformed 76.84% 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 | MIXED | The current price of GIL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.69 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests GIL has a negative trend. |
| Stochastics (14,3) | 27.71 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.55 | NEUTRAL | The ADX value for GIL suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.32
-1.52 (-3.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-3.18%
1 Week-3.16%
2 Weeks-0.6%
1 Month-6.12%
3 Month-0.45%
6 Month-5.12%
12 Month23.32%
2 Year43.67%
3 Year60.95%
5 Year199.03%
10 Year39.35%
15 Year223.35%
Volatility
ATR(14)1.07
ATR(20)%2.27%
ATR Inc8.43%
Range Today1.72
ADR(20)1
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.84
Mansfield-0.35
10 Day High48.93
10 Day Low46.03
20 Day High50.98
20 Day Low46.03
52 Week High55.39
52 Week Low36.91
CS1 End46.31
CR1 Start48.31
Volume & EV
DER(3)-2.8%
DER(5)-0.47%
Volume516.50K
Volume Incr-25.7%
Vol(5)579.52K
Vol(50)826.33K