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AI Analysis of GIGM
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GigaMedia Limited stock price ended at $1.35 on Thursday, after losing 1.46%.
(Updated on Apr 25, 2024)

Sell candidate since Apr 24, 2024 Loss -1.46% PDF

The GigaMedia Limited stock price fell by -1.46% on the last day (Thursday, 25th Apr 2024) from $1.37 to $1.35. During the last trading day the stock fluctuated 3.05% from a day low at $1.31 to a day high of $1.35. The price has risen in 5 of the last 10 days and is up by 4.21% over the past 2 weeks. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 thousand shares were bought and sold for approximately $19.34 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.76% during the next 3 months and, with a 90% probability hold a price between $1.13 and $1.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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GIGM Signals & Forecast

The GigaMedia Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.33 and $1.30. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found. GigaMedia Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for GigaMedia Limited stock

GigaMedia Limited finds support from accumulated volume at $1.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0400 (3.05%) between high and low. For the last week, the stock has had daily average volatility of 2.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GIGM) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect GigaMedia Limited to open at $1.34, and during the day (based on 14 day Average True Range), to move between $1.31 and $1.39, which gives a possible trading interval of +/-$0.0436 (+/-3.23%) up or down from last closing price. If GigaMedia Limited takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.34 (0.74%) than the resistance at $1.36 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

GigaMedia Limited will release earnings -- on Wednesday, May 01, 2024. We will update the financials statements for GigaMedia Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.52% in the first trading day after earnings release.

Is GigaMedia Limited stock A Buy?

GigaMedia Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.720 Sell Candidate Unchanged

Predicted Opening Price for GigaMedia Limited of Friday, April 26, 2024

Fair opening price April 26, 2024 Current price
$1.34 ( 0.99%) $1.35

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GIGM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.38 1.98 %
R2 1.36 0.84 %
R1 1.35 0.144 %
Current price: 1.35
Support S1 1.32 -2.12 %
S2 1.31 -2.82 %
S3 1.30 -3.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.41 4.44 %
R2 1.37 1.48 %
R1 1.36 0.748 %
Current price 1.35
Support S1 1.34 -0.741%
S2 1.32 -2.22%
S3 1.30 -3.70%

GIGM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 05, 2002 Apr 01, 2002 Mar 29, 2002 $2.00 80.65%

FAQ

What is the symbol for GigaMedia Limited Stock and on which exchange is it traded?
The symbol for GigaMedia Limited is GIGM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell GigaMedia Limited Stock?
GigaMedia Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy GigaMedia Limited Stock?
GigaMedia Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GigaMedia Limited Stock.

What's the current price of GigaMedia Limited Stock?
As of the end of day on the Apr 25, 2024, the price of an GigaMedia Limited (GIGM) share was $1.35.

What is the 52-week high and low for GigaMedia Limited Stock?
The 52-week high for GigaMedia Limited Stock is $1.62 and the 52-week low is $1.23.

What is the market capitalization of GigaMedia Limited Stock?
As of the Apr 25, 2024, the market capitalization of GigaMedia Limited is 14.92M.

When is the next earnings date for GigaMedia Limited?
The upcoming earnings date for GigaMedia Limited is May 01, 2024.
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