GSI TECHNOLOGY INC (GSIT) Stock Technical Analysis
NASDAQ:GSIT - Nasdaq - US36241U1060 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to GSIT. GSIT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month GSIT has a been trading in the 3.08 - 3.65 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that GSIT is one of the better performing stocks in the market, outperforming 90% of all stocks.
GSIT is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 88% of 110 stocks in the same industry.
GSIT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GSIT is lagging the market slightly.
GSIT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.12, a Stop Loss order could be placed below this zone.
More info and screens
3.09
3.99
When analyzing the support we notice one important area.
- A support zone ranging from 3.12 to 3.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.33 to 3.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.46 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.61 to 3.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.95 from a horizontal line 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 GSIT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GSIT is neutral. |
| ChartMill Relative Strength | 90.3 | POSITIVE | GSIT has a high relative strength, it outperformed 90.3% off all stocks 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) | UP | POSITIVE | The current price of GSIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.19 | 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) | 20.75 | NEUTRAL | The Stochastics value for GSIT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for GSIT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.24 | NEUTRAL | The ADX value for GSIT suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.36 | 3.11 | 0.25 (7.44%) | 13.44% |
| An entry @3.36. This is a Buy Stop order right above the resistance zone. | An exit @3.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.25 points, which is 7.44%. | For a 1.00% total portfolio risk, you can invest 13.44% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.28
+0.13 (+4.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg4.29%
1 Week-0.61%
2 Weeks0.31%
1 Month-10.87%
3 Month28.13%
6 Month9.33%
12 Month29.13%
2 Year-40.69%
3 Year-4.93%
5 Year-54.32%
10 Year-37.04%
15 Year-42.66%
Volatility
ATR(14)0.15
ATR(20)%5.59%
ATR Inc-8.85%
Range Today0.23
ADR(20)0.18
ADR(20)%5.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.3
Mansfield0.68
10 Day High3.35
10 Day Low3.08
20 Day High3.65
20 Day Low3.08
52 Week High4.9
52 Week Low1.62
CS1 End3.12
CR1 Start3.33
Volume & EV
DER(3)-0.91%
DER(5)-5.03%
Volume373.70K
Volume Incr-17.84%
Vol(5)299.26K
Vol(50)261.45K