GNSS Should I Buy

GNSS is not a good buy right now for a Beginner, long-term investor who is impatient. The stock is in a weakening downtrend (bearish MACD) and has broken below a key support area, while the business is still losing money despite strong recent revenue growth. With no Intellectia buy signals today and no near-term news catalyst, the risk/reward is not attractive for an immediate long-term entry.

Price/Trend: GNSS closed at 1.94 (-4.41%), below the pivot (2.16) and slightly below S1 (1.981), indicating near-term weakness; next support is S2 at 1.87. Momentum: MACD histogram is negative (-0.0281) and negatively expanding, which supports a continuing bearish trend. RSI: RSI(6) at 18.36 is deeply oversold, so a short-term bounce is possible, but oversold alone is not a reliable reversal signal while MACD is worsening. Moving Averages: Converging MAs suggest consolidation, but the current move is biased downward given the break below support. Key levels: Resistance at 2.16 (pivot), then 2.34 (R1); support at 1.87 (S2). Probabilistic pattern read: modest upside bias statistically (next day/week/month small positive probabilities), but the current momentum backdrop is still bearish.