GILDAN ACTIVEWEAR INC (GIL)       28.95  +0.09 (+0.31%)

28.95  +0.09 (+0.31%)

CA3759161035 - Common Stock - After market: 28.95 0 (0%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to GIL. GIL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



In the last month GIL has a been trading in the 27.30 - 29.70 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 is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 51% of 49 stocks in the same industry.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, GIL is a bad performer in the overall market: 69% of all stocks are doing better.
GIL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 7.98% -9.16% -0.99% -29.27% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 31.68 25.67 - 43.42
GIL Weekly chart
GIL Daily chart

Support/Resistance Analysis


26.10

32.57
We found 4 important support areas.
  • A support zone ranging from 28.68 to 28.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 27.46 to 27.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 26.91 to 26.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @26.36 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 28.98 to 29.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 30.80 to 30.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 32.25 to 32.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

GIL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.89, a Stop Loss order could be placed below this zone.


GIL Daily chart

GILDAN ACTIVEWEAR INC28.95

NYSE:GIL (12/8/2022, 5:30:00 PM)+0.09 (+0.31%)

After market: 28.95 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Textiles, Apparel & Luxury Goods
Performance
Today 0.31% 1 Week -1.5%
2 Weeks 0.35% 1 Month 7.98%
3 Month -9.16% 6 Month -0.99%
Volatility
ATR(14) 0.73 ATR(20)% 2.89%
ATR Inc -27.12% Range Today 0.42
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 31.68 Mansfield -0.86
10 Day High 29.7 10 Day Low 27.87
20 Day High 29.7 20 Day Low 27.3
52 Week High 43.42 52 Week Low 25.67
CS1 End 28.89 CR1 Start 28.98
Volume & EV
DER(3) 2.54% DER(5) 1%
Volume 247.38K Volume Incr -2.88%
Vol(5) 486.63K Vol(50) 538.26K

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