Worthington Steel's 15min Chart Shows KDJ Golden Cross, Bullish Marubozu Formation

Gildan Activewear's 15min chart shows MACD Death Cross, KDJ Death Cross.

Gildan Activewear's stock has been experiencing notable changes in its 15-minute chart, with recent MACD and KDJ crossovers indicating potential shifts in market sentiment. As of July 2, 2025, the stock has shown a "Death Cross" pattern, which historically signals a bearish trend. However, these technical indicators should be interpreted with caution, as they do not provide a definitive outlook.

On Wednesday, the Canadian market demonstrated a cautiously optimistic mood, with the S&P/TSX Composite Index reaching a new record high of 28,063.73 before settling at 27,875.53, up 0.19% [1]. The Consumer Discretionary Capped Index, which includes Gildan Activewear, rose by 2.1%, with Gildan soaring 11% [1]. This significant increase can be attributed to the announcement of a definitive merger agreement between Gildan Activewear and HanesBrands, Inc. (HBI) [1].

Gildan Activewear's management expects that the proven operational model of the company will enable the realization of at least US$200 million of annual run-rate cost synergies within three years of closing the merger [2]. This anticipated cost savings is likely to be a significant driver for the company's future performance, potentially leading to increased profitability and shareholder value.

Despite the technical indicators and the merger announcement, investors should remain vigilant. The upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin could influence market sentiment, particularly regarding geopolitical risks [1]. Additionally, the potential reduction of interest rates by the Federal Reserve in September may impact various sectors, including consumer discretionary, which could further influence Gildan Activewear's stock performance [1].

In conclusion, while Gildan Activewear's stock has shown positive momentum due to the merger announcement, the technical indicators and broader market conditions suggest a need for cautious optimism. Investors should closely monitor the company's financial performance and the evolving geopolitical landscape to make informed decisions.

References:
[1] https://www.nasdaq.com/articles/tsx-pares-gains-after-hitting-fresh-record-high-gildan-activewear-soars-11
[2] https://www.marketscreener.com/news/gildan-activewear-brief-gildan-says-proven-operational-model-expected-to-enable-realization-of-at-ce7c51dbdc89f62d