GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
NYSE:GIL - CA3759161035 - Common Stock
55.38 USD
+0.55 (+1%)
55.38 USD
0 (0%)
Overall GIL gets a technical rating of 10 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GIL is one of the better performing stocks in the market, outperforming 80% of all stocks.
GIL is part of the Textiles, Apparel & Luxury Goods industry. There are 50 other stocks in this industry. GIL outperforms 79% of them.
GIL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GIL is lagging the market slightly.
GIL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, GIL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
42.27
57.17
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.51 to 53.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.11 to 50.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @49.11 from a horizontal line in the daily time frame.
- Support @42.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.51 to 56.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for GIL is up. |
| ChartMill Relative Strength | 80.33 | POSITIVE | GIL has a high relative strength, it outperformed 80.33% 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) | 58.17 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GIL has a negative trend. |
| Stochastics (14,3) | 76.19 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.71 | NEGATIVE | The low ADX value for GIL suggests a weak or negative 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)
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 |
|---|---|---|---|
| 56.61 | 53.68 | 2.93 (5.18%) | 19.32% |
| An entry @56.61. This is a Buy Stop order right above the resistance zone. | An exit @53.68. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.93 points, which is 5.18%. | When investing 19.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GIL. Please evaluate whether better entry and exit points can be found.
- 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.
55.38
+0.55 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1%
1 Week1.43%
2 Weeks0.82%
1 Month7.26%
3 Month18.84%
6 Month2.5%
12 Month21.37%
2 Year85.71%
3 Year87.22%
5 Year186.35%
10 Year76.48%
15 Year303.64%
Volatility
ATR(14)1.98
ATR(20)%3.32%
ATR Inc-63.65%
Range Today0.76
ADR(20)1.59
ADR(20)%2.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.33
Mansfield0.41
10 Day High57.76
10 Day Low53.69
20 Day High57.76
20 Day Low46
52 Week High57.76
52 Week Low37.16
CS1 End53.66
CR1 Start55.51
Volume & EV
DER(3)0.94%
DER(5)0.21%
Volume1.12M
Volume Incr-36.7%
Vol(5)1.02M
Vol(50)971.28K