GIGAMEDIA LTD (GIGM) Stock Technical Analysis
NASDAQ:GIGM - Nasdaq - SG9999014831 - Common Stock - Currency: USD
Overall GIGM gets a technical rating of 5 out of 10. GIGM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, GIGM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GIGM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.36
2 important support areas can be observed.
- A support zone ranging from 1.41 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.52 to 1.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for GIGM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GIGM is up. |
| ChartMill Relative Strength | 68.09 | NEUTRAL | GIGM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GIGM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GIGM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.74 | NEUTRAL | The RSI value for GIGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GIGM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.64 | NEUTRAL | The Stochastics value for GIGM is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for GIGM suggests some volalility. |
| Average Directional Index/ADX (14) | 49.55 | POSITIVE | The high ADX value value for GIGM suggests a strong trend. |
NASDAQ:GIGM (8/15/2025, 8:25:23 PM)
1.5132
+0.01 (+0.87%)