GAMESTOP CORP-CLASS A (GME) Stock Technical Analysis
NYSE:GME - US36467W1099 - Common Stock
22.3 USD
-0.38 (-1.68%)
22.449 USD
+0.15 (+0.67%)
We assign a technical rating of 1 out of 10 to GME. GME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
88% of all other stocks performed better in the past year than GME.
GME is part of the Specialty Retail industry. There are 123 other stocks in this industry, of which 70% are performing better than GME.
GME is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
GME has an average volume of 8993730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GME has a been trading in the 21.92 - 23.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 22.25, a Stop Loss order could be placed below this zone.
More info and screens
21.51
24.63
2 important support areas can be observed.
- A support zone ranging from 22.14 to 22.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.73 to 21.73. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @22.31 from a trend line in the daily time frame.
- A resistance zone ranging from 22.67 to 23.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.59 to 23.63. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @24.39 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for GME is down. |
| ChartMill Relative Strength | 12.87 | NEGATIVE | GME has a low relative strength, it was outperformed by 87.13% 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) | UP | MIXED | The current price of GME is below the rising 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) | 40.61 | NEUTRAL | The RSI value for GME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.74 | NEUTRAL | The Stochastics value for GME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for GME suggests some volalility. |
| Average Directional Index/ADX (14) | 7.18 | NEGATIVE | The low ADX value for GME suggests a weak or negative 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)
22.3
-0.38 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.68%
1 Week-2.28%
2 Weeks-2.75%
1 Month-1.11%
3 Month-25.17%
6 Month-10.94%
12 Month-4.78%
2 Year20.22%
3 Year-22.14%
5 Year1235.33%
10 Year109.98%
15 Year397.49%
Volatility
ATR(14)0.45
ATR(20)%2.28%
ATR Inc-6.2%
Range Today0.53
ADR(20)0.49
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.87
Mansfield-2
10 Day High23.21
10 Day Low22.27
20 Day High23.34
20 Day Low21.92
52 Week High35.81
52 Week Low19.31
CS1 End22.25
CR1 Start22.31
Volume & EV
DER(3)1.57%
DER(5)1.61%
Volume7.87M
Volume Incr-20.23%
Vol(5)5.14M
Vol(50)8.99M