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Advanced TA SearchArchive
- 5/3/2024 -
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Gap (The) (GPS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the Gap (The) (GPS). During the week, the GPS gained 0.24 points, or 1.12%, and closed at 21.59 on Friday, May 3, 2024. Weekly volume was -8% below average.
 Long-term trend: [See GPS long-term trend chart]
A long-term uptrend had started on May 25, 2023 at 7.22 and reached 28.59 on March 21, 2024. GPS gained -21.37 points, or -295.98%, in 43 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (23.42) is broken. A broken support is considered to be a long-term bearish signal. 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 March 21, 2024 at 28.59 and reached 19.65 on April 25, 2024. GPS lost 8.94 points, or 31.27%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (19.89) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GPS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. 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 April 25, 2024 at 19.65 and reached 21.66 on May 3, 2024. GPS gained -2.01 points, or -10.23%, in 8 days. Price is near the trend high.
Daily Technical Indicators: [See GPS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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