GSI TECHNOLOGY INC (GSIT) Stock Technical Analysis
NASDAQ:GSIT - Nasdaq - US36241U1060 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GSIT. Both in the recent history as in the last year, GSIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
Looking at the yearly performance, GSIT did better than 92% of all other stocks. On top of that, GSIT also shows a nice and consistent pattern of rising prices.
GSIT is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 82% 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 currently trading near new highs, so GSIT is lagging the market.
In the last month GSIT has a been trading in the 3.40 - 5.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GSIT has an excellent technical rating, it does not present a decent entry opportunity 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
3.26
4.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.33 to 4.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.75 to 3.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.29 from a trend 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 | 92.05 | POSITIVE | GSIT has a high relative strength, it outperformed 92.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GSIT is below the rising 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) | 48.33 | NEUTRAL | The RSI value for GSIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests GSIT has a negative trend. |
| Stochastics (14,3) | 4.93 | OVERSOLD | The low Stochastics value suggests GSIT may be oversold. |
| Average True Range in percent/ATR (20) | 8.16 | HIGH VOLATILITY | The high ATR as a percentage value for GSIT suggests high volalility. |
| Average Directional Index/ADX (14) | 33.53 | 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)
4.35
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0%
1 Week-10.49%
2 Weeks-18.69%
1 Month26.45%
3 Month29.85%
6 Month55.36%
12 Month69.92%
2 Year-0.91%
3 Year4.82%
5 Year-23.95%
10 Year-15.53%
15 Year-36.03%
Volatility
ATR(14)0.35
ATR(20)%8.16%
ATR Inc-41.55%
Range Today0.21
ADR(20)0.35
ADR(20)%8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.05
Mansfield2.78
10 Day High5.89
10 Day Low4.26
20 Day High5.89
20 Day Low3.4
52 Week High5.89
52 Week Low1.62
CS1 End4.34
CR1 StartN/A
Volume & EV
DER(3)-1.2%
DER(5)-1%
Volume240.80K
Volume Incr-28.34%
Vol(5)293.96K
Vol(50)344.85K