Gildan Activewear Stock Technical Analysis
GIL Stock | CAD 48.84 0.07 0.14% |
As of the 25th of April, Gildan Activewear retains the Downside Deviation of 1.16, market risk adjusted performance of 0.1774, and Risk Adjusted Performance of 0.0788. Gildan Activewear technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Gildan Activewear, which can be compared to its competitors. Please check out Gildan Activewear information ratio, as well as the relationship between the value at risk and expected short fall to decide if Gildan Activewear is priced fairly, providing market reflects its last-minute price of 48.84 per share.
Gildan Activewear Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Gildan, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GildanGildan |
Gildan Activewear technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Gildan Activewear Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Gildan Activewear volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Gildan Activewear Trend Analysis
Use this graph to draw trend lines for Gildan Activewear. You can use it to identify possible trend reversals for Gildan Activewear as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Gildan Activewear price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Gildan Activewear Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Gildan Activewear applied against its price change over selected period. The best fit line has a slop of 0.09 , which means Gildan Activewear will continue generating value for investors. It has 122 observation points and a regression sum of squares at 284.79, which is the sum of squared deviations for the predicted Gildan Activewear price change compared to its average price change.About Gildan Activewear Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Gildan Activewear on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Gildan Activewear based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Gildan Activewear price pattern first instead of the macroeconomic environment surrounding Gildan Activewear. By analyzing Gildan Activewear's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Gildan Activewear's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Gildan Activewear specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0109 | 0.0246 | 0.0227 | 0.0238 | Price To Sales Ratio | 2.84 | 1.55 | 1.82 | 1.73 |
Gildan Activewear April 25, 2024 Technical Indicators
Most technical analysis of Gildan help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Gildan from various momentum indicators to cycle indicators. When you analyze Gildan charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0788 | |||
Market Risk Adjusted Performance | 0.1774 | |||
Mean Deviation | 1.14 | |||
Semi Deviation | 0.9531 | |||
Downside Deviation | 1.16 | |||
Coefficient Of Variation | 863.87 | |||
Standard Deviation | 1.84 | |||
Variance | 3.37 | |||
Information Ratio | 0.0639 | |||
Jensen Alpha | 0.0994 | |||
Total Risk Alpha | (0.05) | |||
Sortino Ratio | 0.1015 | |||
Treynor Ratio | 0.1674 | |||
Maximum Drawdown | 13.34 | |||
Value At Risk | (1.93) | |||
Potential Upside | 2.22 | |||
Downside Variance | 1.34 | |||
Semi Variance | 0.9085 | |||
Expected Short fall | (1.42) | |||
Skewness | 3.11 | |||
Kurtosis | 16.6 |
Gildan Activewear April 25, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Gildan stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 2,188 | ||
Daily Balance Of Power | 0.09 | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 49.09 | ||
Day Typical Price | 49.01 | ||
Price Action Indicator | (0.21) |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Gildan Stock, please use our How to Invest in Gildan Activewear guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Gildan Stock analysis
When running Gildan Activewear's price analysis, check to measure Gildan Activewear's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gildan Activewear is operating at the current time. Most of Gildan Activewear's value examination focuses on studying past and present price action to predict the probability of Gildan Activewear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gildan Activewear's price. Additionally, you may evaluate how the addition of Gildan Activewear to your portfolios can decrease your overall portfolio volatility.
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