GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
USA - NYSE:GIL - CA3759161035 - Common Stock
54.42 USD
+0.16 (+0.29%)
54.42 USD
0 (0%)
Taking everything into account, GIL scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GIL is one of the better performing stocks in the market, outperforming 75% of all stocks.
GIL is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 75% of 49 stocks in the same industry.
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.
In the last month GIL has a been trading in the 52.41 - 55.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GIL has an average volume of 1091120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, GIL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 54.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.36, a Stop Loss order could be placed below this zone.
More info and screens
42.69
57.17
We found 5 important support areas.
- A support zone ranging from 52.58 to 53.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.49 to 50.50. 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 @46.31 from a horizontal line in the weekly time frame.
- Support @43.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 54.63 to 55.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 56.38 to 56.60. 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 | NEUTRAL | NEUTRAL | The short term trend for GIL is neutral. |
| ChartMill Relative Strength | 75.17 | POSITIVE | GIL has a high relative strength, it outperformed 75.17% 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 | POSITIVE | The current price of GIL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.08 | NEUTRAL | The RSI value for GIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests GIL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.63 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 8.5 | 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 |
|---|---|---|---|
| 55.10 | 53.76 | 1.34 (2.44%) | 25.00% |
| An entry @55.10. This is a Buy Stop order right above the resistance zone. | An exit @53.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.34 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
54.42
+0.16 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0.29%
1 Week-1.47%
2 Weeks-1.18%
1 Month-0.33%
3 Month16.91%
6 Month20.48%
12 Month19.03%
2 Year94.29%
3 Year92.5%
5 Year176.67%
10 Year80.44%
15 Year287.47%
Volatility
ATR(14)1.23
ATR(20)%2.19%
ATR Inc-8.1%
Range Today0.82
ADR(20)1.13
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.17
Mansfield-0.03
10 Day High55.84
10 Day Low53.77
20 Day High55.99
20 Day Low52.41
52 Week High57.76
52 Week Low37.16
CS1 End53.36
CR1 Start54.63
Volume & EV
DER(3)2.13%
DER(5)1.64%
Volume778.20K
Volume Incr-50.57%
Vol(5)766.40K
Vol(50)1.09M