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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GIII
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G-III Apparel Group stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on Mar 18, 2024)

Sell candidate since Mar 04, 2024 Loss -11.40% PDF

The G-III Apparel Group stock price gained 0.573% on the last trading day (Monday, 18th Mar 2024), rising from $26.19 to $26.34. During the last trading day the stock fluctuated 5.36% from a day low at $25.54 to a day high of $26.91. The price has fallen in 7 of the last 10 days and is down by -11.4% for this period. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $32.52 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.13 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.72% during the next 3 months and, with a 90% probability hold a price between $23.59 and $29.63 at the end of this 3-month period.

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GIII Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 0.573%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $28.43 and $30.80. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

G-III Apparel Group finds support from accumulated volume at $26.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.37 between high and low, or 5.36%. For the last week, the stock has had daily average volatility of 5.70%.

G-III Apparel Group is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 19th

For the upcoming trading day on Tuesday, 19th we expect G-III Apparel Group to open at $26.26, and during the day (based on 14 day Average True Range), to move between $24.82 and $27.86, which gives a possible trading interval of +/-$1.52 (+/-5.79%) 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 11.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.19 (0.57%) than the resistance at $26.67 (1.25%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.238 Sell Candidate Upgraded

Predicted Opening Price for G-III Apparel Group of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$26.26 ( 0.291%) $26.34

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

Trading levels for GIII

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 27.63 4.91 %
R2 27.11 2.92 %
R1 26.79 1.70 %
Current price: 26.34
Support S1 25.74 -2.28 %
S2 25.42 -3.51 %
S3 24.89 -5.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 32.05 21.68 %
R2 29.73 12.87 %
R1 26.67 1.25 %
Current price 26.34
Support S1 26.19 -0.569%
S2 0 .
S3 0 .

FAQ

What is the symbol for G-III Apparel Group Stock and on which exchange is it traded?
The symbol for G-III Apparel Group is GIII and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell G-III Apparel Group Stock?
G-III Apparel Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy G-III Apparel Group Stock?
G-III Apparel Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy G-III Apparel Group Stock.

What's the current price of G-III Apparel Group Stock?
As of the end of day on the 2024-03-18, the price of an G-III Apparel Group (GIII) share was $26.34.

What is the 52-week high and low for G-III Apparel Group Stock?
The 52-week high for G-III Apparel Group Stock is $35.67 and the 52-week low is $13.73.

What is the market capitalization of G-III Apparel Group Stock?
As of the 2024-03-18, the market capitalization of G-III Apparel Group is 1.204B.

When is the next earnings date for G-III Apparel Group?
The upcoming earnings date for G-III Apparel Group is Jun 04, 2024.
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About G-III Apparel Group

G-III Apparel Group G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage. The company markets apparel and other p... GIII Profile

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