GAMESTOP CORP (GME.W) Technical Analysis
NYSE:GME.W
Current stock price
GME.W Technical Rating and Analysis
Overall GME.W gets a technical rating of 2 out of 10. GME.W performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than GME.W.
- 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.
- In the last month GME.W has a been trading in the 3.18 - 4.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GME.W Weekly and Daily overview Charts
GME.W Setup Rating and Analysis
Although the technical rating is bad, GME.W does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.60. Right above this resistance zone may be a good entry point.
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GME.W Support and Resistance Analysis
3.29
When analyzing the support we can see 3 important areas.
- Support @3.47 from a horizontal line in the weekly time frame.
- Support @3.40 from a trend line in the daily time frame.
- Support @3.32 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.67 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.28 from a horizontal line in the daily time frame.
- Resistance @4.38 from a horizontal line in the daily time frame.
GME.W 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 | UP | POSITIVE | The long term trend for GME.W is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GME.W is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | GME.W has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GME.W is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GME.W is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.97 | NEUTRAL | The RSI value for GME.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GME.W has a positive trend. |
| Stochastics (14,3) | 55.75 | NEUTRAL | The Stochastics value for GME.W is a neutral value. |
| Average True Range in percent/ATR (20) | 7.33 | HIGH VOLATILITY | The high ATR as a percentage value for GME.W suggests high volalility. |
| Average Directional Index/ADX (14) | 21.05 | NEUTRAL | The ADX value for GME.W suggests a possible start of a new trend. |
GME.W Chart- and CandleStick Pattern Analysis
GME.W Technicals: Chart, Performance Metrics, Trend & Indicators
3.62
+0.12 (+3.43%)
GAMESTOP CORP / GME.W TA FAQ
What is the ChartMill technical rating of GAMESTOP CORP (GME.W) stock?
ChartMill assigns a technical rating of 1 / 10 to GME.W.
What is the current trend direction of GAMESTOP CORP (GME.W) stock?
The current trend direction for GAMESTOP CORP (GME.W) is Bullish.
What is the RSI signal for GAMESTOP CORP (GME.W) stock?
GAMESTOP CORP (GME.W) has an RSI value of 46.9718. This indicates that the stock is currently neutral.
What is the short term momentum for GME.W stock?
The short term momentum for GAMESTOP CORP (GME.W) is neutral.
What are the support and resistance levels for GAMESTOP CORP (GME.W) stock?
GAMESTOP CORP (GME.W) has a support level at 3.47 and a resistance level at 3.6. Check the full technical report for our detailed analysis of GME.W support and resistance levels.