GAMESTOP CORP-CLASS A (GME) Stock Technical Analysis
NYSE:GME - New York Stock Exchange, Inc. - US36467W1099 - Common Stock - Currency: USD
Taking everything into account, GME scores 0 out of 10 in our technical rating. GME scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, GME is a bad performer in the overall market: 81% of all stocks are doing better.
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.
In the last month GME has a been trading in the 21.54 - 35.81 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
GME has an average volume of 15120100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
GME is part of the Specialty Retail industry. There are 121 other stocks in this industry, GME did better than 44% of them.
The technical rating of GME 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.
More info and screens
20.30
22.53
We found 2 important support areas.
- A support zone ranging from 21.68 to 21.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.15 to 22.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for GME is down. |
| ChartMill Relative Strength | 19.37 | NEGATIVE | GME has a low relative strength, it was outperformed by 80.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GME is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.94 | OVERSOLD | The low RSI value suggests GME may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests GME has a negative trend. |
| Stochastics (14,3) | 3.39 | OVERSOLD | The low Stochastics value suggests GME may be oversold. |
| Average True Range in percent/ATR (20) | 8.55 | HIGH VOLATILITY | The high ATR as a percentage value for GME suggests high volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for GME suggests a possible start of a new trend. |
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)
22.14
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0%
1 Week-25.15%
2 Weeks-25.7%
1 Month-22.67%
3 Month-3.95%
6 Month-20.9%
12 Month-22.86%
2 Year-8.7%
3 Year-27.59%
5 Year1940.55%
10 Year106.15%
15 Year371.32%
Volatility
ATR(14)2.04
ATR(20)%8.55%
ATR Inc115.35%
Range Today1.05
ADR(20)1.58
ADR(20)%7.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.37
Mansfield-1.67
10 Day High31.05
10 Day Low21.54
20 Day High35.81
20 Day Low21.54
52 Week High35.81
52 Week Low18.73
CS1 End21.73
CR1 Start22.15
Volume & EV
DER(3)-1.94%
DER(5)-1.23%
Volume59.85M
Volume Incr309.37%
Vol(5)53.60M
Vol(50)15.12M