Red day on Friday for Gap Inc (The)
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-23 Loss -26.29% PDF
The Gap Inc (The) stock price fell by -2.86% on the last day (Friday, 26th Nov 2021) from $17.84 to $17.33. and has now fallen 6 days in a row. During the day the stock fluctuated 3.82% from a day low at $16.90 to a day high of $17.54. The price has fallen in 7 of the last 10 days and is down by -30.57% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -43 million shares and in total, 12 million shares were bought and sold for approximately $206.88 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($21.02) are considered to be a "second chance" to get out. According to the fan-theory $16.96 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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 $22.18 and $23.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -32.04%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.65 between high and low, or 3.82%. For the last week, the stock has had a daily average volatility of 5.06%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Gap Inc (The) stock A Buy?
Gap Inc (The) holds several negative signals and is within a 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: -6.438
Predicted Opening Price for Gap Inc (The) of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Nov 24, 2021 "UBS Group" gave "$31.00 - $25.00" rating for GPS. The price target was changed from $18.07 to 23.1%.
GPS Insider Trading
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|Nov 13, 2021||Buy||14 500||Syngal Sonia||Common Stock|
|Nov 13, 2021||Sell||11 250||Strain John||Restricted Stock Unit|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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