The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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Gap (The) (GPS) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal linePrice is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic oversoldRelative Strength Index and Williams' Percentage Range are strongly oversoldStochastic has raised above the signal linePrice has crossed below the 50 Day Moving AverageThe period of high volatility of the stock price
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It was the negative week for the Gap (The) (GPS). During the week, the GPS dropped -1.74 points, or -7.73%, and closed at 20.76 on Friday, April 19, 2024. Weekly volume was -11% 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See GPS medium-term trend chart]
A medium-term uptrend had started on January 18, 2024 at 18.34 and reached 28.59 on March 21, 2024. GPS gained -10.25 points, or -55.89%, in 9 weeks. The price is now at the 76.39% retracement level.

Weekly Technical Indicators: [See GPS weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See GPS short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 28.59 and reached 20.34 on April 16, 2024. GPS lost 8.25 points, or 28.86%, in 26 days. The price is now at the 5.09% retracement level.

Daily Technical Indicators: [See GPS daily technical indicators chart]
Daily Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 119.19% higher then one year average. It indicates the period of high volatility of the stock price. 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 price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 6.44
Strong Oversold
Williams' Percentage Range (W%R) 92.60
Strong Oversold
Lane's Stochastic (%D-Slow) 12.20
Oversold
Greed/Fear Indicator (GFI) 8.69
Strong Oversold
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.32
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 66.05
Greed/Fear Indicator (GFI) 48.21
Moving Average Converg./Diverg. (MACD) 2.53
Trading Signals
Description Value Chart
Upper Bollinger Band 28.20
Weekly Stochastic Crossing 24.44
20 Day Moving Average 24.44
50 Day Moving Average 22.40
Parabolic System 21.98
Daily Stochastic Crossing 20.84
Price 20.76
Lower Bollinger Band 17.92
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Apparel Retail 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.59
High Date 03/21/2024
Low 20.34
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.59
High Date 03/21/2024
Low 20.34
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.34
Low Date 01/18/2024
High 28.59
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.22
Low Date 05/25/2023
High 28.59
High Date 03/21/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.85
High Date 09/04/2014
Low 5.26
Low Date 04/02/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.