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 GIGM
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GigaMedia Limited stock price down 0.775% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Loss -1.54% PDF

The GigaMedia Limited stock price fell by -0.775% on the last day (Thursday, 28th Mar 2024) from $1.29 to $1.28. During the last trading day the stock fluctuated 0.787% from a day low at $1.27 to a day high of $1.28. The price has fallen in 6 of the last 10 days but is still up by 0.79% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -60 shares and in total, 3 thousand shares were bought and sold for approximately $3.42 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.94% during the next 3 months and, with a 90% probability hold a price between $1.07 and $1.18 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

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 GigaMedia Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.30 and $1.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -4.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 $1.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0100 between high and low, or 0.787%. For the last week the stock has had daily average volatility of 2.94%.

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 Monday 1st

For the upcoming trading day on Monday, 1st we expect GigaMedia Limited to open at $1.28, and during the day (based on 14 day Average True Range), to move between $1.24 and $1.32, which gives a possible trading interval of +/-$0.0411 (+/-3.21%) up or down from last closing price. If GigaMedia Limited takes out the full calculated possible swing range there will be an estimated 6.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.27 (0.78%) than the resistance at $1.30 (1.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GigaMedia Limited stock A Buy?

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

Current score: -2.779 Sell Candidate Unchanged

Predicted Opening Price for GigaMedia Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.28 ( 0.260%) $1.28

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 1.29 0.521 %
R2 1.28 0.222 %
R1 1.28 0.0380 %
Current price: 1.28
Support S1 1.27 -0.559 %
S2 1.27 -0.743 %
S3 1.27 -1.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.41 10.16 %
R2 1.36 6.26 %
R1 1.30 1.56 %
Current price 1.28
Support S1 1.27 -0.781%
S2 1.24 -3.13%
S3 1.24 -3.52%

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 is within a wide and falling trend, so we believe 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 2024-03-28, the price of an GigaMedia Limited (GIGM) share was $1.28.

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 2024-03-28, the market capitalization of GigaMedia Limited is 14.147M.

When is the next earnings date for GigaMedia Limited?
The upcoming earnings date for GigaMedia Limited is Mar 29, 2024.
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About GigaMedia Limited

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. The company operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. It offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various ca... GIGM Profile

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