GAP INC/THE (GAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GAP - US3647601083 - Common Stock
We assign a technical rating of 8 out of 10 to GAP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GAP is only an average performer.
GAP has an excellent technical rating and 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 GAP 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.
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18.75
4 important support areas can be observed.
- Support @24.80 from a trend line in the daily time frame.
- Support @23.06 from a horizontal line in the daily time frame.
- Support @20.47 from a trend line in the weekly time frame.
- Support @18.94 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 26.41 to 26.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @27.41 from a trend line in the daily time frame.
- A resistance zone ranging from 28.46 to 28.96. 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 GAP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GAP is up. |
| ChartMill Relative Strength | 76.1 | POSITIVE | GAP has a high relative strength, it outperformed 76.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.02 | NEUTRAL | The RSI value for GAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GAP has a negative trend. |
| Stochastics (14,3) | 68 | NEUTRAL | The Stochastics value for GAP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for GAP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.84 | POSITIVE | The high ADX value value for GAP 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 |
|---|---|---|---|
| 26.58 | 25.20 | 1.38 (5.19%) | 19.26% |
| An entry @26.58. This is a Buy Stop order right above the resistance zone. | An exit @25.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.38 points, which is 5.19%. | For a 1.00% total portfolio risk, you can invest 19.26% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GAP. 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.
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-0.4 (-1.5%)
GAP INC/THE / GAP FAQ
What is the ChartMill technical rating of GAP INC/THE (GAP) stock?
ChartMill assigns a technical rating of 8 / 10 to GAP.
What is the current trend direction of GAP INC/THE (GAP) stock?
The current trend direction for GAP INC/THE (GAP) is Bullish.
What is the RSI signal for GAP stock?
GAP INC/THE (GAP) has an RSI value of 57.0213. This indicates that the stock is currently neutral.
What is the short term momentum for GAP INC/THE (GAP) stock?
The short term momentum for GAP INC/THE (GAP) is positive.
Can you provide the buy/sell signal for GAP INC/THE?
The buy/sell signal for GAP INC/THE (GAP) is buy as both the short term and long term trends are positive.