* Old: Yes, red giants are in the later stages of their lives. They are older than main sequence stars of similar mass.
* Dense: No, red giants are actually less dense than their main sequence counterparts. They have expanded significantly in size, meaning their matter is spread out over a larger volume.
* Cool: Yes, red giants are cooler than main sequence stars. Their surface temperatures are lower, hence the red color.
Here's a better way to describe a red giant:
A red giant is an old, large, and less dense star that has exhausted the hydrogen fuel in its core, causing it to expand and cool, giving it a reddish appearance.