GILDAN ACTIVEWEAR INC (GIL) Stock Technical Analysis
NYSE:GIL • CA3759161035
We assign a technical rating of 10 out of 10 to GIL. 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 85% of all stocks.
- GIL is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. GIL outperforms 84% of them.
- GIL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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.
- GIL has an average volume of 1101550 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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for GIL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
45.86
We found 4 important support areas.
- Support @68.61 from a trend line in the daily time frame.
- A support zone ranging from 62.28 to 62.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.90 from a horizontal line in the daily time frame.
- Support @46.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 72.58 to 72.58. 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 | UP | POSITIVE | The short term trend for GIL is up. |
| ChartMill Relative Strength | 85.71 | POSITIVE | GIL has a high relative strength, it outperformed 85.71% 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) | 62.99 | 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. |
| Stochastics (14,3) | 70.23 | NEUTRAL | The Stochastics value for GIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for GIL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.93 | POSITIVE | The high ADX value value for GIL suggests a strong trend. |
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 |
|---|---|---|---|
| 72.59 | 69.88 | 2.71 (3.73%) | 25.00% |
| An entry @72.59. This is a Buy Stop order right above the resistance zone. | An exit @69.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.71 points, which is 3.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- 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.
72.03
+1.33 (+1.88%)
GILDAN ACTIVEWEAR INC / GIL FAQ
What is the ChartMill technical rating of GILDAN ACTIVEWEAR INC (GIL) stock?
ChartMill assigns a technical rating of 10 / 10 to GIL.
What is the current trend direction of GILDAN ACTIVEWEAR INC (GIL) stock?
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 62.9889. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GILDAN ACTIVEWEAR INC?
The MACD indicator for GILDAN ACTIVEWEAR INC (GIL) has a value of -0.169421, indicating a bearish trend.
Can you provide the short term momentum for GILDAN ACTIVEWEAR INC?
The short term momentum for GILDAN ACTIVEWEAR INC (GIL) is positive.