Giga-Tronics Inc. (GIGA) Technical Analysis
NASDAQ:GIGA
Current stock price
GIGA Technical Rating and Analysis
Overall GIGA gets a technical rating of 0 out of 10. GIGA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, GIGA is a bad performer in the overall market: 95% of all stocks are doing better.
- GIGA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GIGA is lagging the market.
- In the last month GIGA has a been trading in the 0.42 - 0.99 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
GIGA Weekly and Daily overview Charts
GIGA Setup Rating and Analysis
The technical rating of GIGA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GIGA Support and Resistance Analysis
0.47
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.82 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
GIGA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GIGA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GIGA is down. |
| ChartMill Relative Strength | 5.79 | NEGATIVE | GIGA has a low relative strength, it was outperformed by 94.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIGA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GIGA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GIGA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.35 | OVERSOLD | The low RSI value suggests GIGA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GIGA has a negative trend. |
| Stochastics (14,3) | 8.34 | OVERSOLD | The low Stochastics value suggests GIGA may be oversold. |
| Average True Range in percent/ATR (20) | 15.1 | HIGH VOLATILITY | The high ATR as a percentage value for GIGA suggests high volalility. |
GIGA Chart- and CandleStick Pattern Analysis
GIGA Technicals: Chart, Performance Metrics, Trend & Indicators
0.47
+0.02 (+4.44%)
Giga-Tronics Inc. / GIGA TA FAQ
What is the ChartMill technical rating of Giga-Tronics Inc. (GIGA) stock?
ChartMill assigns a technical rating of 0 / 10 to GIGA.
What is the trend direction for GIGA stock?
The current trend direction for Giga-Tronics Inc. (GIGA) is Bearish.
What is the RSI signal for Giga-Tronics Inc. (GIGA) stock?
Giga-Tronics Inc. (GIGA) has an RSI value of 28.3489. This indicates that the stock is currently oversold.
What is the MACD signal for GIGA stock?
The MACD indicator for Giga-Tronics Inc. (GIGA) has a value of -0.0279596, indicating a bearish trend.
What are the support and resistance levels for Giga-Tronics Inc. (GIGA) stock?
Giga-Tronics Inc. (GIGA) has a resistance level at 0.82. Check the full technical report for our detailed analysis of GIGA support and resistance levels.