Should You Buy Gildan Activewear Inc (GIL) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy now for a long-term beginner investor. The stock is in a broader uptrend (bullish moving averages) but has recently pulled back toward a key pivot/support area (~65). With broadly positive Wall Street positioning (multiple recent price target raises) and a clear strategic catalyst (Hanesbrands integration) ahead of the next earnings (2026-02-23), GIL offers an attractive entry at the current post-pullback price for an investor who wants to act now rather than wait for a perfect setup.
Technical Analysis
Trend is still constructive despite the recent decline. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), supporting an intermediate/long-term uptrend. RSI(6) ~53.8 is neutral (not overbought), suggesting room for continuation. MACD histogram is positive (0.156) but contracting, indicating bullish momentum is slowing short-term and aligns with the recent pullback. Key levels: Pivot ~64.97 is the near-term battleground; price (~64.48 close) sits just below it, so a reclaim of ~65 would improve short-term tone. Downside supports: S1 ~62.60 then S2 ~61.14. Upside resistances: R1 ~67.35 (near the prior close area) then R2 ~68.81. Overall: pullback within an uptrend, with support nearby—reasonable long-term entry now.