Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
US Only
Above 10, Above 20
50 SMA > 500K
GAMESTOP CORP-CLASS A
New York Stock Exchange, Inc. / Consumer Discretionary / Specialty Retail
Technical Analysis
Fundamental Analysis
Analyst Ratings, Profile & Chart
Overall GME gets a technical rating of 9 out of 10. In the last year, GME was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
GME is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that GME is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, GME also shows a nice and consistent pattern of rising prices.
GME is one of the better performing stocks in the Specialty Retail industry, it outperforms 92% of 121 stocks in the same industry.
GME has an average volume of 10960200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GME has a been trading in the 25.25 - 28.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, GME also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 27.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GME in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.30
28.64
When analyzing the support we can see 6 important areas.
- A support zone ranging from 27.00 to 27.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.01 to 26.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.11 from a trend line in the weekly time frame.
- Support @22.05 from a trend line in the weekly time frame.
- Support @21.40 from a trend line in the daily time frame.
- Support @20.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @27.55 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 28.33 to 28.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.57
Mansfield1.04
10 Day High28.35
10 Day Low25.67
20 Day High28.35
20 Day Low25.25
52 Week High64.83
52 Week Low17.7
Performance
1 Week0.22%
2 Weeks0.29%
1 Month10.07%
3 Month11.36%
6 Month10.69%
12 Month57.73%
2 Year14.51%
3 Year-11.69%
5 Year2613.3%
10 Year153.77%
15 Year383.37%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)57.57
LBB26.01
UBB28.29
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.56 | 26.99 | 0.57 (2.07%) | 25.00% |
| An entry @27.56. This is a Buy Stop order right above the resistance zone. | An exit @26.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.57 points, which is 2.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of GME. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.