GSI TECHNOLOGY INC (GSIT) Stock Technical Analysis
NASDAQ:GSIT - US36241U1060 - Common Stock
3.11 USD
+0.07 (+2.3%)
3.05 USD
-0.06 (-1.93%)
Taking everything into account, GSIT scores 1 out of 10 in our technical rating. GSIT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month GSIT has a been trading in the 2.96 - 4.82 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the performance of all stocks over the past year, GSIT turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
GSIT is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, GSIT did better than 50% of them.
GSIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GSIT is lagging the market.
The technical rating of GSIT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.00
3.17
We found 1 important support area.
- Support @3.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.12 to 3.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for GSIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GSIT is down. |
| ChartMill Relative Strength | 52.94 | NEUTRAL | GSIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GSIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GSIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GSIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.52 | NEUTRAL | The RSI value for GSIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GSIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.54 | OVERSOLD | The low Stochastics value suggests GSIT may be oversold. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for GSIT suggests high volalility. |
| Average Directional Index/ADX (14) | 35.21 | POSITIVE | The high ADX value value for GSIT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.11
+0.07 (+2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.3%
1 Week-2.51%
2 Weeks-5.76%
1 Month-33.69%
3 Month-4.31%
6 Month-8.26%
12 Month17.8%
2 Year0%
3 Year-6.61%
5 Year-51.1%
10 Year-33.26%
15 Year-46.38%
Volatility
ATR(14)0.2
ATR(20)%7.71%
ATR Inc-51.34%
Range Today0.16
ADR(20)0.23
ADR(20)%7.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.94
Mansfield-1.08
10 Day High3.42
10 Day Low2.96
20 Day High4.82
20 Day Low2.96
52 Week High5.89
52 Week Low1.62
CS1 End3.03
CR1 Start3.12
Volume & EV
DER(3)1.37%
DER(5)-2.54%
Volume210.80K
Volume Incr-29.92%
Vol(5)234.86K
Vol(50)319.95K