1GME Technical Analysis - GAMESTOP CORP-CLASS A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to 1GME. 1GME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

100% of all other stocks performed better in the past year than 1GME.

1GME is part of the Specialty Retail industry. There are 55 other stocks in this industry, of which 87% are performing better than 1GME.

Warning: 1GME has an average volume of 2849 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

In the last month 1GME has a been trading in the 18.14 - 23.13 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GAMESTOP CORP-CLASS A / 1GME Weekly stock chart

GAMESTOP CORP-CLASS A / 1GME Daily stock chart

Setup Rating and Analysis

The technical rating of 1GME is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.04

26.41

We found 1 important support area.

A support zone ranging from 19.23 to 19.58. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 20.79 to 21.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 22.55 to 22.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @25.71 from a trend line in the weekly time frame.
Resistance @26.15 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for 1GME.MI is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 1GME.MI is down.
ChartMill Relative Strength	0	NEGATIVE	1GME.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of 1GME.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 1GME.MI is below a declining SMA(50).
Relative Strength Index/RSI (14)	41.42	NEUTRAL	The RSI value for 1GME.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests 1GME.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	41.42	NEUTRAL	The Stochastics value for 1GME.MI is a neutral value.
Average True Range in percent/ATR (20)	3.9	MEDIUM VOLATILITY	The ATR as a percentage value for 1GME.MI suggests some volalility.
Average Directional Index/ADX (14)	11.14	NEGATIVE	The low ADX value for 1GME.MI suggests a weak or negative trend.