Taking everything into account, GSIT scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- GSIT is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry. GSIT outperforms 84% of them.
- GSIT has an average volume of 1695030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, GSIT did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- 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 6.35 - 9.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GSIT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 7.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GSIT 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.
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5 important support areas can be observed.
- A support zone ranging from 7.05 to 7.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.21 from a trend line in the daily time frame.
- Support @5.72 from a trend line in the daily time frame.
- Support @4.01 from a trend line in the weekly time frame.
- Support @2.97 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @8.19 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 | 95.09 | POSITIVE | GSIT has a high relative strength, it outperformed 95.09% 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) | DOWN | MIXED | The current price of GSIT is above a declining 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) | 47.72 | NEUTRAL | The RSI value for GSIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GSIT has a negative trend. |
| Stochastics (14,3) | 27.61 | NEUTRAL | The Stochastics value for GSIT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.14 | HIGH VOLATILITY | The high ATR as a percentage value for GSIT suggests high volalility. |
| Average Directional Index/ADX (14) | 42.25 | POSITIVE | The high ADX value value for GSIT suggests a strong trend. |
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 |
|---|---|---|---|
| 8.20 | 7.04 | 1.16 (14.15%) | 7.07% |
| An entry @8.20. This is a Buy Stop order right above the resistance zone. | An exit @7.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.16 points, which is 14.15%. | When investing 7.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GSIT. Please evaluate whether better entry and exit points can be found.
- 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.
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GSI TECHNOLOGY INC / GSIT FAQ
What is the ChartMill technical rating of GSI TECHNOLOGY INC (GSIT) stock?
ChartMill assigns a technical rating of 7 / 10 to GSIT.
What is the trend direction for GSIT stock?
The current trend direction for GSI TECHNOLOGY INC (GSIT) is Bullish.
What is the RSI signal for GSIT stock?
GSI TECHNOLOGY INC (GSIT) has an RSI value of 47.7209. This indicates that the stock is currently neutral.
What is the short term momentum for GSI TECHNOLOGY INC (GSIT) stock?
The short term momentum for GSI TECHNOLOGY INC (GSIT) is neutral.