G-III Apparel Group Stock Forecast

G-III Apparel Group stock downgraded to Sell Candidate
(Updated on Apr 15, 2024)

GIII Signals & Forecast

There are mixed signals in the stock today. The G-III Apparel Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.75 and $28.96. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

Support, Risk & Stop-loss for G-III Apparel Group stock

G-III Apparel Group finds support from accumulated volume at $26.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.600 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 3.22%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GIII) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect G-III Apparel Group to open at $27.09, and during the day (based on 14 day Average True Range), to move between $26.04 and $28.20, which gives a possible trading interval of +/-$1.08 (+/-3.98%) up or down from last closing price. If G-III Apparel Group takes out the full calculated possible swing range there will be an estimated 7.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.67 (1.66%) than the resistance at $29.73 (9.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is G-III Apparel Group stock A Buy?

G-III Apparel Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.520 Sell Candidate Downgraded

Predicted Opening Price for G-III Apparel Group of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.