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 GIL.TO
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Red day on Wednesday for Gildan Activewear Inc.
(Updated on Mar 27, 2024)

Buy candidate since Mar 20, 2024 Loss -2.65% PDF

The Gildan Activewear Inc. stock price fell by -0.261% on the last day (Wednesday, 27th Mar 2024) from $49.80 to $49.67. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.46% from a day low at $49.42 to a day high of $50.14. The price has fallen in 7 of the last 10 days but is still up by 4.92% over the past 2 weeks. 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 -236 thousand shares and in total, 191 thousand shares were bought and sold for approximately $9.49 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.45% during the next 3 months and, with a 90% probability hold a price between $54.23 and $60.10 at the end of this 3-month period.

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GIL.TO Signals & Forecast

The Gildan Activewear Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $50.54. On a fall, the stock will find some support from the long-term average at approximately $47.36. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -2.65%. Further fall is indicated until a new bottom pivot has been found. 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 for Gildan Activewear Inc. stock

Gildan Activewear Inc. finds support from accumulated volume at $47.26 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 $0.720 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 1.90%.

Our recommended stop-loss: $47.45 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (GIL.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Gildan Activewear Inc. to open at $49.74, and during the day (based on 14 day Average True Range), to move between $48.45 and $50.89, which gives a possible trading interval of +/-$1.22 (+/-2.46%) up or down from last closing price. If Gildan Activewear Inc. takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $49.80 (0.26%) than the support at $47.26 (4.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Gildan Activewear Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gildan Activewear Inc. stock to perform well in the short-term.

Current score: 1.214 Buy Candidate Unchanged

Predicted Opening Price for Gildan Activewear Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$49.74 ( 0.148%) $49.67

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

Trading levels for GIL.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 50.46 1.60 %
R2 50.19 1.04 %
R1 50.02 0.701 %
Current price: 49.67
Support S1 49.47 -0.406 %
S2 49.30 -0.748 %
S3 49.02 -1.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 51.02 2.72 %
R2 50.71 2.09 %
R1 49.80 0.262 %
Current price 49.67
Support S1 47.26 -4.85%
S2 46.33 -6.72%
S3 44.40 -10.61%

GIL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 12, 2024 Apr 08, 2024 $0.275 0.554%
2 Nov 01, 2023 Nov 21, 2023 Dec 18, 2023 $0.186 0.411%
3 Aug 03, 2023 Aug 23, 2023 Sep 18, 2023 $0.246 0.648%
4 May 23, 2023 May 23, 2023 Jun 19, 2023 $0.251 0.614%
5 Mar 13, 2023 Mar 13, 2023 Apr 10, 2023 $0.257 0.596%

FAQ

What is the symbol for Gildan Activewear Inc. Stock and on which exchange is it traded?
The symbol for Gildan Activewear Inc. is GIL.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Gildan Activewear Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gildan Activewear Inc. stock to perform well in the short-term.

How to buy Gildan Activewear Inc. Stock?
Gildan Activewear Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gildan Activewear Inc. Stock.

What's the current price of Gildan Activewear Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Gildan Activewear Inc. (GIL.TO) share was $49.67.

What is the 52-week high and low for Gildan Activewear Inc. Stock?
The 52-week high for Gildan Activewear Inc. Stock is $52.80 and the 52-week low is $36.42.

What is the market capitalization of Gildan Activewear Inc. Stock?
As of the 2024-03-27, the market capitalization of Gildan Activewear Inc. is 8.377B.

When is the next earnings date for Gildan Activewear Inc.?
The upcoming earnings date for Gildan Activewear Inc. is May 01, 2024.
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About Gildan Activewear Inc.

Gildan Activewear. Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands. The company also offers hosiery products comprising athletic; dress; and casual, ... GIL.TO Profile

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