Gildan Activewear's 15min chart shows RSI overbought and KDJ death cross.

Gildan Activewear's 15-minute chart has triggered an RSI Overbought signal and a KDJ Death Cross, which occurred on October 3, 2023 at 09:45. This suggests that the stock price has experienced a rapid increase that is not supported by underlying fundamentals, and momentum is shifting towards a decline. The stock price is likely to continue to decrease further.

Gildan Activewear (TSX: GIL), a Canadian apparel manufacturer, has recently experienced a significant technical sell signal, according to its 15-minute chart. On October 3, 2023, at 09:45, the Relative Strength Index (RSI) Overbought signal and the KDJ Death Cross were triggered, indicating a rapid increase in the stock price that may not be supported by underlying fundamentals. This suggests that momentum is shifting towards a decline, and the stock price is likely to continue decreasing further.

The RSI Overbought signal suggests that the stock has been overvalued, while the KDJ Death Cross indicates a potential reversal in the stock's trend. These technical indicators are widely used by investors to gauge market sentiment and make informed trading decisions.

Brian Belski, Chief Strategist at Bank of Montreal (TSX: BMO), has previously highlighted Gildan Activewear as a promising investment, citing its undervalued status and strong fundamentals. However, the recent technical signals may indicate that the stock's price has become overextended, and investors should exercise caution.

As of September 12, 2025, Gildan Activewear's stock price has more than doubled over the past two years, rising just shy of 119%. Despite the surge, the stock remains undervalued, trading at an 18.5 times trailing price-to-earnings (P/E) ratio. However, the recent technical signals suggest that the stock's price may be due for a correction.

Investors should closely monitor Gildan Activewear's stock price and consider the implications of the recent technical signals before making any investment decisions. It is essential to conduct thorough research and consider both technical and fundamental factors when analyzing a stock.