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$8.21 (-2.15%)

Volume: 6.531M

Closed: Sep 30, 2022

Hollow Logo Score: -4.770

Gap Inc (The) Stock Forecast

$8.21 (-2.15%)

Volume: 6.531M

Closed: Sep 30, 2022

Score Hollow Logo -4.770
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 20 - 75 ] RSI14 is 25 and the stock is currently not being overbought or oversold
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Red day on Friday for Gap Inc (The)
(Updated on Sep 30, 2022)

Sell candidate since 2022-09-26 Loss -2.15% PDF

The Gap Inc (The) stock price fell by -2.15% on the last day (Friday, 30th Sep 2022) from $8.39 to $8.21. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.96% from a day low at $7.85 to a day high of $8.48. The price has fallen in 7 of the last 10 days and is down by -9.98% for this period. Volume has increased on the last day by 894 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately $53.62 million.

Given the current horizontal trend, you can expect Gap Inc (The) stock with a 90% probability to be traded between $8.32 and $11.71 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are few to no technical positive signals at the moment. The Gap Inc (The) 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 $8.50 and $9.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 16, 2022, and so far it has fallen -28.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.63 between high and low, or 7.96%. For the last week, the stock has had daily average volatility of 4.84%.

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

Trading Expectations For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Gap Inc (The) to open at $8.18, and during the day (based on 14 day Average True Range), to move between $7.72 and $8.70, which gives a possible trading interval of +/-$0.49 (+/-5.94%) up or down from last closing price. If Gap Inc (The) takes out the full calculated possible swing range there will be an estimated 11.87% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.11 (1.34%) our system find the risk reward not very attractive.

Is Gap Inc (The) stock A Buy?

Gap Inc (The) holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.770

Sell Candidate Unchanged

Predicted Opening Price for Gap Inc (The) of Monday, October 3, 2022

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

Fair opening price October 3, 2022 Current price
$8.18 $8.21 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.80 7.23 %
8.56 4.32 %
8.42 2.52 %
Current price: 8.21
Support 7.94 -3.29 %
7.79 -5.09 %
7.55 -8.00 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.10 23.02 %
8.86 7.92 %
8.32 1.34 %
Current price 8.21
Support 0 .
0 .
0 .

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About Gap Inc (The)

Gap (The) The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The compan... GPS Profile

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