GIGAMEDIA LTD (GIGM) Stock Technical Analysis
USA - NASDAQ:GIGM - SG9999014831 - Common Stock
Taking everything into account, GIGM scores 4 out of 10 in our technical rating. In the last year, GIGM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, GIGM does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for GIGM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.36
We found 3 important support areas.
- Support @1.50 from a trend line in the daily time frame.
- A support zone ranging from 1.42 to 1.44. This zone is formed by a combination of multiple trend lines 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.59 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.67 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | UP | POSITIVE | The long term trend for GIGM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GIGM is neutral. |
| ChartMill Relative Strength | 57.92 | NEUTRAL | GIGM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIGM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GIGM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GIGM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.01 | NEUTRAL | The RSI value for GIGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GIGM has a negative trend. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for GIGM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for GIGM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.7 | NEGATIVE | The low ADX value for GIGM suggests a weak or negative trend. |
1.58
-0.01 (-0.63%)
GIGAMEDIA LTD / GIGM FAQ
What is the technical rating for GIGM stock?
ChartMill assigns a technical rating of 4 / 10 to GIGM.
Can you provide the trend direction for GIGAMEDIA LTD?
The current trend direction for GIGAMEDIA LTD (GIGM) is Bullish.
What is the RSI signal for GIGM stock?
GIGAMEDIA LTD (GIGM) has an RSI value of 43.0099. This indicates that the stock is currently neutral.
What is the MACD signal for GIGM stock?
The MACD indicator for GIGAMEDIA LTD (GIGM) has a value of -0.00376438, indicating a bearish trend.
Can you provide the support and resistance levels for GIGAMEDIA LTD?
GIGAMEDIA LTD (GIGM) has a support level at 1.5 and a resistance level at 1.59. Check the full technical report for our detailed analysis of GIGM support and resistance levels.