GSI TECHNOLOGY INC (GSIT) Technical Analysis
NASDAQ:GSIT • US36241U1060
Current stock price
GSIT Technical Rating and Analysis
Overall GSIT gets a technical rating of 4 out of 10. Although GSIT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- GSIT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GSIT is lagging the market.
- In the last month GSIT has a been trading in the 4.64 - 10.11 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that GSIT is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by GSIT over the past year are nicely spread over this period.
- GSIT is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. GSIT outperforms 74% of them.
- GSIT has an average volume of 1023150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GSIT Weekly and Daily overview Charts
GSIT Setup Rating and Analysis
GSIT has an average technical rating and the quality of the presented setup is also not ideal 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
GSIT Support and Resistance Analysis
4.43
When analyzing the support we can see 3 important areas.
- Support @5.26 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.78 to 4.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.47 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @8.40 from a trend line in the weekly time frame.
- Resistance @9.35 from a trend line in the daily time frame.
GSIT 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 | DOWN | NEGATIVE | The long term trend for GSIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GSIT is down. |
| ChartMill Relative Strength | 95.05 | POSITIVE | GSIT has a high relative strength, it outperformed 95.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GSIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GSIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GSIT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.28 | NEUTRAL | The RSI value for GSIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GSIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.76 | OVERSOLD | The low Stochastics value suggests GSIT may be oversold. |
| Average True Range in percent/ATR (20) | 14.62 | HIGH VOLATILITY | The high ATR as a percentage value for GSIT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.54 | POSITIVE | The high ADX value value for GSIT suggests a strong trend. |
GSIT Chart- and CandleStick Pattern Analysis
GSIT Technicals: Chart, Performance Metrics, Trend & Indicators
5.44
+0.17 (+3.23%)
GSI TECHNOLOGY INC / GSIT TA FAQ
What is the ChartMill technical rating of GSI TECHNOLOGY INC (GSIT) stock?
ChartMill assigns a technical rating of 4 / 10 to GSIT.
What is the trend direction for GSIT stock?
The current trend direction for GSI TECHNOLOGY INC (GSIT) is Bearish.
What is the RSI signal for GSI TECHNOLOGY INC (GSIT) stock?
GSI TECHNOLOGY INC (GSIT) has an RSI value of 40.2776. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GSI TECHNOLOGY INC?
The MACD indicator for GSI TECHNOLOGY INC (GSIT) has a value of -0.198279, indicating a bearish trend.
Can you provide the support and resistance levels for GSI TECHNOLOGY INC?
GSI TECHNOLOGY INC (GSIT) has a support level at 5.26 and a resistance level at 8.4. Check the full technical report for our detailed analysis of GSIT support and resistance levels.