Stock analysis GSS Infotech Limited GSS

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Moving Averages for GSS Infotech Limited

5Day Average: 105.16
12Day Average: 111.48
20Day Average: 120.39
50Day Average: 144.33
100Day Average: 164.05
150Day Average: 177.06
200Day Average: 179.79

GSS Indicators & signals

Indicator MACD (12,26,9)

112.06, 124.78, -12.02
Indicator MACD is in negative zone

Indicator ADX (14)

56.15, 9.17, 32.64
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GSS GSS Infotech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
23 Thu May 2024	102.25	102.00 to 106.70	-2.29%	0.46 times
22 Wed May 2024	104.65	104.00 to 107.20	-1.6%	0.38 times
21 Tue May 2024	106.35	106.05 to 108.75	0.14%	1.38 times
18 Sat May 2024	106.20	105.70 to 107.50	-0.14%	0.07 times
17 Fri May 2024	106.35	106.00 to 109.50	-0.51%	0.45 times
16 Thu May 2024	106.90	105.50 to 112.00	-0.79%	1.45 times
15 Wed May 2024	107.75	105.35 to 115.70	-2.84%	2.79 times
14 Tue May 2024	110.90	110.90 to 118.60	-4.97%	1.4 times
13 Mon May 2024	116.70	116.20 to 124.60	-4.58%	0.22 times
10 Fri May 2024	122.30	120.65 to 125.60	0.25%	0.11 times
09 Thu May 2024	122.00	120.95 to 131.70	-2.75%	1.74 times
08 Wed May 2024	125.45	123.00 to 133.70	-2.41%	0.27 times

Technical analysis forecast for GSS Infotech Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT GSS Infotech Limited GSS at this time. Stock is falling and might fall more.

It appears as if GSS Infotech Limited GSS gave a large move recently.

Stock of GSS Infotech Limited (GSS) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of GSS Infotech Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if GSS Infotech Limited stays below 107.1, but if it comes above 107.1, then a intra day buy could be more profitable.
If you take a sell trade below 107.1, then use 107.1 as stoploss and 92 as target. However if you take a buy trade in GSS Infotech Limited, then use 107.1 as stoploss and 119.79 as target.

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