We assign a technical rating of 7 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- GSIT is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry. GSIT outperforms 88% of them.
- GSIT has an average volume of 1631620 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 7 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 5.42 - 8.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
GSIT has an excellent technical rating, but the quality of the setup is only medium 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
2.94
When analyzing the support we can see 5 important areas.
- Support @7.40 from a horizontal line in the daily time frame.
- A support zone ranging from 6.74 to 6.81. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @5.92 from a trend line in the daily time frame.
- Support @5.59 from a trend line in the daily time frame.
- A support zone ranging from 2.97 to 2.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @8.06 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 | UP | POSITIVE | The short term trend for GSIT is up. |
| ChartMill Relative Strength | 95.82 | POSITIVE | GSIT has a high relative strength, it outperformed 95.82% 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) | 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) | 60.71 | NEUTRAL | The RSI value for GSIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests GSIT has a positive trend. |
| Stochastics (14,3) | 58.4 | NEUTRAL | The Stochastics value for GSIT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.51 | HIGH VOLATILITY | The high ATR as a percentage value for GSIT suggests high volalility. |
| Average Directional Index/ADX (14) | 36.77 | POSITIVE | The high ADX value value for GSIT suggests a strong trend. |
8.05
+0.34 (+4.41%)
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 60.7095. 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 positive.
What is the buy/sell signal for GSIT stock?
The buy/sell signal for GSI TECHNOLOGY INC (GSIT) is buy as both the short term and long term trends are positive.