GAMESTOP CORP-CLASS A (GME) Stock Technical Analysis
NYSE:GME - New York Stock Exchange, Inc. - US36467W1099 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to GME. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GME is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by GME over the past year are nicely spread over this period.
GME is one of the better performing stocks in the Specialty Retail industry, it outperforms 90% of 121 stocks in the same industry.
GME is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GME has an average volume of 11506400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GME is lagging the market slightly.
Besides having an excellent technical rating, GME also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.50, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
20.30
29.02
When analyzing the support we can see 6 important areas.
- A support zone ranging from 27.55 to 28.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.61 to 26.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.58 from a trend line in the weekly time frame.
- Support @22.15 from a trend line in the weekly time frame.
- Support @21.48 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 one important area.
- A resistance zone ranging from 28.52 to 28.73. 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
CRS92.06
Mansfield0.79
10 Day High29.39
10 Day Low25.88
20 Day High29.39
20 Day Low25.67
52 Week High48
52 Week Low18.73
Performance
1 Week0.42%
2 Weeks9.49%
1 Month2.55%
3 Month7.91%
6 Month2.19%
12 Month50.05%
2 Year18.54%
3 Year-8.58%
5 Year2708.87%
10 Year162.7%
15 Year400.4%
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)0.02
RSI(14)59.94
LBB25.8
UBB29.42
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 |
|---|---|---|---|
| 28.74 | 27.54 | 1.20 (4.18%) | 23.95% |
| An entry @28.74. This is a Buy Stop order right above the resistance zone. | An exit @27.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.20 points, which is 4.18%. | When investing 23.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
28.51
+0.62 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.22%
1 Week0.42%
2 Weeks9.49%
1 Month2.55%
3 Month7.91%
6 Month2.19%
12 Month50.05%
2 Year18.54%
3 Year-8.58%
5 Year2708.87%
10 Year162.7%
15 Year400.4%
Volatility
ATR(14)0.91
ATR(20)%3.14%
ATR Inc-8.02%
Range Today0.93
ADR(20)0.86
ADR(20)%3.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.06
Mansfield0.79
10 Day High29.39
10 Day Low25.88
20 Day High29.39
20 Day Low25.67
52 Week High48
52 Week Low18.73
CS1 End28.5
CR1 Start28.52
Volume & EV
DER(3)3.33%
DER(5)1.66%
Volume4.80M
Volume Incr12.85%
Vol(5)7.89M
Vol(50)11.51M