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|It was the negative week for the Gap (The) (GPS). During the week, the GPS gave back -0.16 points, or -0.63%, and closed at 25.24 on Friday, January 11, 2019. Weekly volume was 36% above average. |
Long-term trend: [See GPS long-term trend chart]
A long-term uptrend had started on May 18, 2016 at 17.00 and reached 35.68 on January 23, 2018. GPS gained -18.68 points, or -109.88%, in 87 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (27.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GPS may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See GPS medium-term trend chart]
A medium-term downtrend had started on June 22, 2018 at 34.21 and reached 24.25 on November 20, 2018. GPS lost 9.96 points, or 29.11%, in 21 weeks. The price is now at the 9.94% retracement level.
Weekly Technical Indicators: [See GPS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since July 6, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See GPS short-term trend chart]
A short-term uptrend had started on December 24, 2018 at 24.42 and reached 27.00 on January 7, 2019. GPS gained -2.58 points, or -10.57%, in 14 days. The price is now at the 68.22% retracement level.
Daily Technical Indicators: [See GPS daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.
The daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.