Gildan Activewear's 15min chart signals MACD Death Cross, Bollinger Bands Narrowing, KDJ Death Cross.
Gildan Activewear's 15-minute chart has exhibited several technical indicators that suggest a potential downward trend in the stock price. Specifically, the MACD has triggered a death cross, indicating that the short-term moving average has crossed below the long-term moving average, which is a bearish signal. Additionally, Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ indicator has triggered a death cross, suggesting that the momentum of the stock price is shifting towards the downside and has the potential to further decrease. These indicators collectively suggest that the stock price has the potential to continue falling.
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