GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
USA - NYSE:GIL - CA3759161035 - Common Stock
Overall GIL gets a technical rating of 6 out of 10. In the last year, GIL was one of the better performers, but we do observe some doubts in the very recent evolution.
GIL has an average technical rating and it also does not offer a high quality setup 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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43.65
When analyzing the support we can see 4 important areas.
- Support @53.25 from a trend line in the daily time frame.
- Support @50.50 from a horizontal line in the daily time frame.
- Support @49.11 from a horizontal line in the daily time frame.
- Support @44.09 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 56.97 to 57.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 60.97 to 61.53. 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 | UP | POSITIVE | The long term trend for GIL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GIL is down. |
| ChartMill Relative Strength | 77.33 | POSITIVE | GIL has a high relative strength, it outperformed 77.33% 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 | MIXED | The current price of GIL is below 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) | 37.26 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests GIL has a negative trend. |
| Stochastics (14,3) | 12.07 | OVERSOLD | The low Stochastics value suggests GIL may be oversold. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.96 | NEUTRAL | The ADX value for GIL suggests a possible start of a new trend. |
56.75
-1.21 (-2.09%)
GILDAN ACTIVEWEAR INC / GIL FAQ
What is the ChartMill technical rating of GILDAN ACTIVEWEAR INC (GIL) stock?
ChartMill assigns a technical rating of 6 / 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 37.263. This indicates that the stock is currently neutral.
What is the buy/sell signal for GIL stock?
The buy/sell signal for GILDAN ACTIVEWEAR INC (GIL) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for GILDAN ACTIVEWEAR INC (GIL) stock?
GILDAN ACTIVEWEAR INC (GIL) has a support level at 53.25 and a resistance level at 56.97. Check the full technical report for our detailed analysis of GIL support and resistance levels.