GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GIL - CA3759161035 - Common Stock
Overall GIL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GIL is showing a nice and steady performance.
Although GIL has an excellent technical rating, the quality of the presented setup is not ideal 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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44.90
When analyzing the support we can see 5 important areas.
- A support zone ranging from 59.53 to 60.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.79 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 @45.35 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.63 to 64.63. This zone is formed by a combination of multiple trend lines 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 | 77.75 | POSITIVE | GIL has a high relative strength, it outperformed 77.75% 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) | 58.11 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests GIL has a negative trend. |
| Stochastics (14,3) | 38.7 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.99 | POSITIVE | The high ADX value value for GIL suggests a strong trend. |
63.45
-0.06 (-0.09%)
GILDAN ACTIVEWEAR INC / GIL FAQ
What is the ChartMill technical rating of GILDAN ACTIVEWEAR INC (GIL) stock?
ChartMill assigns a technical rating of 9 / 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 58.1079. 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 -0.125181, 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.