GAMESTOP CORP-CLASS A (GME) Technical Analysis
NYSE:GME • US36467W1099
Current stock price
GME Technical Rating and Analysis
Taking everything into account, GME scores 4 out of 10 in our technical rating. In the last year, GME was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- GME is currently trading in the lower part 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.
- GME has an average volume of 7758780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, GME turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- GME is an average performer in the Specialty Retail industry, it outperforms 65% of 123 stocks in the same industry.
- In the last month GME has a been trading in the 22.03 - 25.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GME Weekly and Daily overview Charts
GME Setup Rating and Analysis
GME has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.75. Right above this resistance zone may be a good entry point.
More info and screens
GME Support and Resistance Analysis
19.74
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.76 to 23.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.24 from a trend line in the daily time frame.
- Support @20.65 from a horizontal line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.75 to 24.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.93 to 24.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
GME 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 GME is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GME is neutral. |
| ChartMill Relative Strength | 50.92 | NEUTRAL | GME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GME is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GME is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.11 | NEUTRAL | The RSI value for GME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.17 | NEUTRAL | The Stochastics value for GME is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GME suggests some volalility. |
| Average Directional Index/ADX (14) | 19.77 | NEGATIVE | The low ADX value for GME suggests a weak or negative trend. |
GME Chart- and CandleStick Pattern Analysis
GME Technicals: Chart, Performance Metrics, Trend & Indicators
23.36
+0.6 (+2.64%)
GAMESTOP CORP-CLASS A / GME TA FAQ
What is the technical rating for GME stock?
ChartMill assigns a technical rating of 4 / 10 to GME.
What is the current trend direction of GAMESTOP CORP-CLASS A (GME) stock?
The current trend direction for GAMESTOP CORP-CLASS A (GME) is Bearish.
Can you provide the RSI signal for GAMESTOP CORP-CLASS A?
GAMESTOP CORP-CLASS A (GME) has an RSI value of 51.1069. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GAMESTOP CORP-CLASS A?
The short term momentum for GAMESTOP CORP-CLASS A (GME) is neutral.
Can you provide the support and resistance levels for GAMESTOP CORP-CLASS A?
GAMESTOP CORP-CLASS A (GME) has a support level at 23.35 and a resistance level at 23.75. Check the full technical report for our detailed analysis of GME support and resistance levels.