GSIT Technical Analysis - GSI TECHNOLOGY INC

Technical Rating and Analysis

Overall GSIT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GSIT is only an average performer.

The long and short term trends are both positive. This is looking good!

GSIT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GSIT is lagging the market slightly.

In the last month GSIT has a been trading in the 3.57 - 5.50 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, GSIT turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.

GSIT is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, GSIT did better than 41% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GSI TECHNOLOGY INC / GSIT Weekly stock chart

GSI TECHNOLOGY INC / GSIT Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.92

5.37

When analyzing the support we can see 4 important areas.

A support zone ranging from 4.55 to 4.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @4.17 from a trend line in the daily time frame.
A support zone ranging from 3.24 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 2.95 to 2.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @4.96 from a horizontal line in the weekly time frame.
Resistance @5.32 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	66.77	NEUTRAL	GSIT is not amongst the best or worst performers 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)	61.27	NEUTRAL	The RSI value for GSIT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests GSIT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.02	NEUTRAL	The Stochastics value for GSIT is a neutral value.
Average True Range in percent/ATR (20)	7.59	HIGH VOLATILITY	The high ATR as a percentage value for GSIT suggests high volalility.
Average Directional Index/ADX (14)	37.71	POSITIVE	The high ADX value value for GSIT suggests a strong trend.