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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GSIT
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GSI Technology stock price ended at $2.67 on Friday, after gaining 1.14%.
(Updated on Jun 14, 2024)

Sell candidate since Apr 30, 2024 Loss -32.06% PDF

The GSI Technology stock price gained 1.14% on the last trading day (Friday, 14th Jun 2024), rising from $2.64 to $2.67. During the last trading day the stock fluctuated 6.30% from a day low at $2.54 to a day high of $2.70. The price has been going up and down for this period, and there has been a 2.69% gain for the last 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 114 thousand shares were bought and sold for approximately $304.92 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.40 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -31.00% during the next 3 months and, with a 90% probability hold a price between $1.65 and $2.75 at the end of this 3-month period.

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GSIT Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 5.12%. Further rise is indicated until a new top pivot has been found. 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. The GSI Technology stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.96. On a fall, the stock will find some support from the short-term average at $2.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for GSI Technology stock

GSI Technology finds support from accumulated volume at $2.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.160 between high and low, or 6.30%. For the last week the stock has had daily average volatility of 5.85%.

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

Trading Expectations (GSIT) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect GSI Technology to open at $2.64, and during the day (based on 14 day Average True Range), to move between $2.48 and $2.86, which gives a possible trading interval of +/-$0.185 (+/-6.93%) up or down from last closing price. If GSI Technology takes out the full calculated possible swing range there will be an estimated 13.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.63 (1.50%) than the resistance at $2.83 (5.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GSI Technology stock A Buy?

GSI Technology 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: -2.232 Sell Candidate Unchanged

Predicted Opening Price for GSI Technology of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$2.64 ( 1.25%) $2.67

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

Trading levels for GSIT

Fibonacci Support & Resistance Levels

Level Price
R3 2.80 4.74%
R2 2.74 2.45%
R1 2.70 1.04%
Price 2.67
S1 2.58 -3.54%
S2 2.54 -4.95%
S3 2.48 -7.24%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.10 16.10%
R2 2.96 10.86%
R1 2.83 5.99%
Price 2.67
S1 2.63 -1.50%
S2 2.60 -2.62%
S3 2.54 -4.87%

FAQ

What is the symbol for GSI Technology Stock and on which exchange is it traded?
The symbol for GSI Technology is GSIT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell GSI Technology Stock?
GSI Technology 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 GSI Technology Stock?
GSI Technology Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GSI Technology Stock.

What's the current price of GSI Technology Stock?
As of the end of day on the Jun 14, 2024, the price of an GSI Technology (GSIT) share was $2.67.

What is the 52-week high and low for GSI Technology Stock?
The 52-week high for GSI Technology Stock is $9.80 and the 52-week low is $1.88.

What is the market capitalization of GSI Technology Stock?
As of the Jun 14, 2024, the market capitalization of GSI Technology is 67.538M.

When is the next earnings date for GSI Technology?
The upcoming earnings date for GSI Technology is Aug 23, 2024.
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About GSI Technology

GSI Technology GSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. The company's associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber se... GSIT Profile

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