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RSI low/high Values: [ 25 - 80 ]
* 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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Stock Analysis
Risk Assessment
Trading Strategy

GSI Technology stock price down 0% on Friday
(Updated on Dec 01, 2023)

Buy or Hold candidate since Nov 27, 2023 Gain 0.73% PDF
No changes to the price of GSI Technology stock on the last trading day (Friday, 1st Dec 2023). During the last trading day the stock fluctuated 6.72% from a day low at $2.66 to a day high of $2.84. The price has risen in 6 of the last 10 days and is up by 15.9% over the past 2 weeks.

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The stock lies the upper part of a very 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 $2.95 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 -10.06% during the next 3 months and, with a 90% probability hold a price between $1.61 and $2.66 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.

GSIT Signals & Forecast

The GSI Technology 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 $2.61 and $2.42. 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 Monday, November 06, 2023, and so far it has fallen -9.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

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Support, Risk & Stop-loss for GSI Technology stock

GSI Technology finds support from accumulated volume at $2.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.179 between high and low, or 6.72%. For the last week the stock has had daily average volatility of 10.81%.

Our recommended stop-loss: $2.66 (-3.97%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (GSIT) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect GSI Technology to open at $2.76, and during the day (based on 14 day Average True Range), to move between $2.51 and $3.03, which gives a possible trading interval of +/-$0.257 (+/-9.27%) up or down from last closing price. If GSI Technology takes out the full calculated possible swing range there will be an estimated 18.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.75 (0.72%) than the resistance at $2.84 (2.53%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.867 Open Broker Account

Hold/Accumulate Unchanged

Predicted Opening Price for GSI Technology of Monday, December 4, 2023

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

Fair opening price December 4, 2023 Current price
$2.76 $2.77 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.94 5.96 %
R2 2.87 3.49 %
R1 2.82 1.97 %
Current price: 2.77
Support S1 2.69 -2.96 %
S2 2.65 -4.48 %
S3 2.58 -6.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.05 10.11 %
R2 2.97 7.22 %
R1 2.84 2.53 %
Current price 2.77
Support S1 2.75 -0.722%
S2 2.52 -9.03%
S3 2.46 -11.19%
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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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 2023-12-01, the price of an GSI Technology (GSIT) share was $2.77.

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 $1.45.

What is the market capitalization of GSI Technology Stock?
As of the 2023-12-01, the market capitalization of GSI Technology is 69.849M.

When is the next earnings date for GSI Technology?
The upcoming earnings date for GSI Technology is 2024-01-24 00:00:00.

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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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