Technical analysis from Gildan Activewear Inc (GIL.TO.TO, TSE:GIL.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Gildan Activewear Inc
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Oversold signal continues for Gildan Activewear Inc indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Gildan Activewear Inc indicating upward price movement is likely

[BULLISH]: Gildan Activewear Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 35.9005.

Gildan Activewear Inc: Daily opening performance is -1.2 % [Downntrend]
Opening Price /
Gildan Activewear Inc: Daily opening performance is -1.2 % [Downntrend]

GIL: OPEN Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Demarks Pivot Points /
[Long]: Exit price for GIL should be set @$37.99

Gildan Activewear Inc has broken the first DeMark resistance point ($37.8350) [Bullish]. Look for a long limit order entry near this point. Exit price for GIL should be set @$37.99 & Stoploss for Gildan Activewear Inc should be set at $37.39

High Price /
Gildan Activewear Inc has failed to achieve a lower high of $38.28 (-0.6 %)

[BEARISH]: Gildan Activewear Inc current downtrend in the first timeframe. Currently, the HIGH is -0.6 %.

Medium Trend /
Gildan Activewear Inc: 2nd timeframe trend Uptrend remains intact

GIL: Medium Term Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

MACD /
MACD for Gildan Activewear Inc continues to gain momentum @0.0369

[BULLISH]: Gildan Activewear Inc currently has positive MACD of 0.0369. This means the signal line is greater than the MACD line signalling a bullish movement.

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Low Price /
Gildan Activewear Inc: Daily low price is $37.68 [Lower low]

[BULLISH]: Gildan Activewear Inc current downtrend in the first timeframe. Currently, the Low is $37.68 (-1.2 %).

Ease of Movement /
Price dipped caused by low volume trading for Gildan Activewear Inc during last trading session

[BEARISH]: Gildan Activewear Inc current price have moved downwards on low volume. Currently, the Ease of Movement is -45.795

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Elders Force Index (115776) has signalled buying pressure has continued for GIL
Elders Force Index /
Elders Force Index (115776) has signalled buying pressure has continued for GIL

[BULLISH]: Gildan Activewear Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 115776.

GIL Basic Candle: Black
Black Candle /
GIL Basic Candle: Black

GIL: Basic Candlestick Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH WEAK (3) 20 Jun: BULLISH

Closing Price /
Recent trading for Gildan Activewear Inc fell short of the previous close by -1.3 %

[BEARISH]: Gildan Activewear Inc current downtrend in the first timeframe. Currently, the Close is $37.7.

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for GIL

[BEARISH]: Gildan Activewear Inc currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.3%.

Percentage Price /
Gildan Activewear Inc currently has positive PPO 0.514

[BULLISH]: Gildan Activewear Inc currently has positive PPO 0.514%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

[Short]: Entry price for GIL should be set @$37.494
Pivot Points /
[Short]: Entry price for GIL should be set @$37.494

Gildan Activewear Inc current pivot point is: 37.887. The current resistance levels are: (R1) $38.094: (R2) $38.487: (R3) $38.694: The current support levels are: (S1) $37.494: (S2) $37.287: (S3) $36.894

GIL has achieved a higher range ($0.6)
Price Range /
GIL has achieved a higher range ($0.6)

[BULLISH]: Gildan Activewear Inc current uptrend in the first timeframe. Currently, the Range is $0.6.

Bill Williams Market Facilitation /
Market movement acceleration likely for GIL as a result of Green Day

GIL: BWMF Recent Trading -> (1) 22 Jun: Green Day (2) 21 Jun: Fade Day (3) 20 Jun: Fake Day

Ulcer Index /
Ulcer index has fallen as the price rises for Gildan Activewear Inc

GIL: UIC Recent Trading -> (1) 22 Jun: 2.446 (2) 21 Jun: 2.336 (3) 20 Jun: 2.428

Accumulation / Distribution /
Confirmation of Gildan Activewear Inc is currently being accumulated

[BULLISH]: Gildan Activewear Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.26126e+006.

Daily bar has confirmed has confirmed an ADX a weak trend is intact for GIL
Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a weak trend is intact for GIL

[Weak Trend]: ADX for GIL has confirmed a weak trend is present. Gildan Activewear Inc has an ATR(14) of 0.581, a DX of 23.57 & an ADX(14) of 23.29

Strong volume performance from GIL has seen a higher volume of 0.6 [Uptrend]
Volume /
Strong volume performance from GIL has seen a higher volume of 0.6 [Uptrend]

[BULLISH]: Gildan Activewear Inc current volume uptrend in the first timeframe. Volume for GIL is 445462 (0.6).

Gildan Activewear Inc: Range Performance (66.7)
Range Tod Vs Range Yest /
Gildan Activewear Inc: Range Performance (66.7)

[BEARISH]: Gildan Activewear Inc sellers are increasingly eager. This is the first day sellers have increasing eagerness for GIL adding strength to a downtrend in the first timeframe. The biggest price range this month has been $2.1900 & the greatest daily price range this year has been $5.9100. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.4x.

MACD Volume /
Gildan Activewear Inc: Volume MACD oscillator (-64996)

GIL: Volume MACD Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: BEARISH CROSSOVER

Average True Range /
Gildan Activewear Inc: Average True Range (0.581) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Gildan Activewear Inc has a TR of 0.6, and an ATR(14) of 0.581.

Woodie Pivot Point /
Limit order for a short position has been identified for Gildan Activewear Inc [Bearish]

Gildan Activewear Inc current pivot point (Woodie) is: $37.84. The current resistance levels are: (R1) $38: (R2) $38.44The current support levels are: (S1) $37.4: (S2) $37.24

On Balance Volume /
Traders are currently accumulating Gildan Activewear Inc

[BULLISH]: Gildan Activewear Inc current price has highlighted recent accumulation. Currently, the OBV is 3.8063e+006.

Momentum is now falling for Gildan Activewear Inc signalling an downtrend will persist
Momentum /
Momentum is now falling for Gildan Activewear Inc signalling an downtrend will persist

[BEARISH CROSSOVER]: Gildan Activewear Inc currently has negative momentum of -1.19 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.3%.The largest downward momentum rally for the last 3 months is 8 days producing a return of -1.6%.

Gildan Activewear Inc is in a short term downtrend with the resistance price @$38.32
Triangular Moving Average /
Gildan Activewear Inc is in a short term downtrend with the resistance price @$38.32

[BEARISH]: Gildan Activewear Inc currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.3%.

Close Tod Vs Range Tod /
Gildan Activewear Inc: Close versus price range (3.3%.)

[BEARISH]: Gildan Activewear Inc sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Gildan Activewear Inc adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 86 trading days with the closing price in the lower part of the range giving a confirmation ratio of 32.7%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 26 days in the lower price range compared to 17 days in the upper range giving a ratio of 1.5x.

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