GSI TECHNOLOGY INC (GSIT) Stock Technical Analysis
NASDAQ:GSIT - Nasdaq - US36241U1060 - Common Stock - Currency: USD
Taking everything into account, GSIT scores 8 out of 10 in our technical rating. GSIT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
GSIT is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. GSIT outperforms 88% of them.
In the last month GSIT has a been trading in the 2.94 - 3.46 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, GSIT did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GSIT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.22, a Stop Loss order could be placed below this zone.
More info and screens
2.93
3.99
We found 3 important support areas.
- A support zone ranging from 3.14 to 3.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.04 from a trend line in the daily time frame.
- A support zone ranging from 2.96 to 2.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @3.46 from a horizontal line in the weekly time frame.
- Resistance @3.55 from a trend line in the daily time frame.
- A resistance zone ranging from 3.66 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 | NEUTRAL | NEUTRAL | The long term trend for GSIT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSIT is up. |
| ChartMill Relative Strength | 92.13 | POSITIVE | GSIT has a high relative strength, it outperformed 92.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSIT is above 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) | 55.46 | NEUTRAL | The RSI value for GSIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GSIT has a positive trend. |
| Stochastics (14,3) | 72.44 | NEUTRAL | The Stochastics value for GSIT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for GSIT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for GSIT suggests a weak or negative 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 |
|---|---|---|---|
| 3.47 | 3.13 | 0.34 (9.80%) | 10.21% |
| An entry @3.47. This is a Buy Stop order right above the resistance zone. | An exit @3.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 9.80%. | For a 1.00% total portfolio risk, you can invest 10.21% 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.
3.33
-0.04 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.19%
1 Week4.39%
2 Weeks3.42%
1 Month0.91%
3 Month55.61%
6 Month9.18%
12 Month25.66%
2 Year-39.78%
3 Year-3.48%
5 Year-53.62%
10 Year-36.08%
15 Year-41.78%
Volatility
ATR(14)0.16
ATR(20)%4.59%
ATR Inc-13.38%
Range Today0.08
ADR(20)0.15
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.13
Mansfield0.61
10 Day High3.44
10 Day Low2.94
20 Day High3.46
20 Day Low2.94
52 Week High4.9
52 Week Low1.62
CS1 End3.22
CR1 Start3.46
Volume & EV
DER(3)-0.31%
DER(5)-2.51%
Volume131.60K
Volume Incr-58.4%
Vol(5)142.58K
Vol(50)286.42K