GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
NYSE:GIL - New York Stock Exchange, Inc. - CA3759161035 - Common Stock - Currency: USD
Overall GIL gets a technical rating of 10 out of 10. GIL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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 81% of all stocks. We also observe that the gains produced by GIL over the past year are nicely spread over this period.
GIL is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 82% of 48 stocks in the same industry.
GIL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GIL is lagging the market.
In the last month GIL has a been trading in the 46.03 - 50.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GIL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
40.94
55.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.58 to 48.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.57 to 47.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @49.12 from a trend line in the daily time frame.
- Resistance @50.23 from a horizontal line in the daily time frame.
- Resistance @55.10 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 | 81.95 | POSITIVE | GIL has a high relative strength, it outperformed 81.95% 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) | 58.39 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests GIL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.89 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.83 | 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)
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 |
|---|---|---|---|
| 49.13 | 48.57 | 0.56 (1.14%) | 25.00% |
| An entry @49.13. This is a Buy Stop order right above the resistance zone. | An exit @48.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.56 points, which is 1.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- 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.
48.82
+0.95 (+1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.98%
1 Week4.81%
2 Weeks-1.93%
1 Month0.83%
3 Month4.92%
6 Month0%
12 Month29.98%
2 Year51.43%
3 Year69.63%
5 Year215.17%
10 Year46.87%
15 Year240.8%
Volatility
ATR(14)1.07
ATR(20)%2.03%
ATR Inc-28.02%
Range Today0.97
ADR(20)0.93
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.95
Mansfield0.06
10 Day High50.16
10 Day Low46.03
20 Day High50.98
20 Day Low46.03
52 Week High55.39
52 Week Low36.91
CS1 End48.77
CR1 Start49.12
Volume & EV
DER(3)2.08%
DER(5)1.35%
Volume762.70K
Volume Incr-33.01%
Vol(5)531.78K
Vol(50)817.05K