GAMESTOP CORP-CLASS A (GME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GME - US36467W1099 - Common Stock
Taking everything into account, GME scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GME was also a bad performer in the overall market in the last year.
The technical rating of GME is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.74
When analyzing the support we notice one important area.
- A support zone ranging from 19.94 to 20.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @23.21 from a horizontal line in the daily time frame.
- Resistance @23.86 from a trend line in the daily time frame.
- Resistance @26.42 from a horizontal line in the weekly time frame.
- Resistance @27.80 from a horizontal line in the daily time frame.
- Resistance @32.31 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for GME is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GME is up. |
| ChartMill Relative Strength | 24.33 | NEGATIVE | GME has a low relative strength, it was outperformed by 75.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GME is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.96 | NEUTRAL | The RSI value for GME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests GME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.17 | OVERBOUGHT | The high Stochastics value suggests GME may be overbought. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for GME suggests some volalility. |
| Average Directional Index/ADX (14) | 33.36 | POSITIVE | The high ADX value value for GME suggests a strong trend. |
23
+0.05 (+0.22%)
GAMESTOP CORP-CLASS A / GME FAQ
What is the ChartMill technical rating of GAMESTOP CORP-CLASS A (GME) stock?
ChartMill assigns a technical rating of 2 / 10 to GME.
What is the trend direction for GME stock?
The current trend direction for GAMESTOP CORP-CLASS A (GME) is Bearish.
What is the RSI signal for GAMESTOP CORP-CLASS A (GME) stock?
GAMESTOP CORP-CLASS A (GME) has an RSI value of 60.9644. This indicates that the stock is currently neutral.
What is the short term momentum for GAMESTOP CORP-CLASS A (GME) stock?
The short term momentum for GAMESTOP CORP-CLASS A (GME) is positive.
Can you provide the support and resistance levels for GAMESTOP CORP-CLASS A?
GAMESTOP CORP-CLASS A (GME) has a support level at 20.14 and a resistance level at 23.21. Check the full technical report for our detailed analysis of GME support and resistance levels.