GS2C Technical Analysis - GAMESTOP CORP-CLASS A

Technical Rating and Analysis

Taking everything into account, GS2C scores 1 out of 10 in our technical rating. GS2C scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, GS2C is a bad performer in the overall market: 63% of all stocks are doing better.

GS2C is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month GS2C has a been trading in the 19.38 - 24.09 range, which is quite wide. It is currently trading near the lows of this range.

Warning: GS2C has an average volume of 8994 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

GS2C is part of the Specialty Retail industry. There are 53 other stocks in this industry, GS2C did better than 67% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GAMESTOP CORP-CLASS A / GS2C Weekly stock chart

GAMESTOP CORP-CLASS A / GS2C Daily stock chart

Setup Rating and Analysis

GS2C has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 19.37, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.97

27.50

When analyzing the support we notice one important area.

A support zone ranging from 19.16 to 19.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 22.70 to 22.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @25.79 from a trend line in the weekly time frame.
Resistance @27.23 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for GS2C.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GS2C.DE is down.
ChartMill Relative Strength	37.82	NEUTRAL	GS2C.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GS2C.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of GS2C.DE is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GS2C.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.37	NEUTRAL	The RSI value for GS2C.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests GS2C.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.7	OVERSOLD	The low Stochastics value suggests GS2C.DE may be oversold.
Average True Range in percent/ATR (20)	3.6	MEDIUM VOLATILITY	The ATR as a percentage value for GS2C.DE suggests some volalility.
Average Directional Index/ADX (14)	26.89	POSITIVE	The high ADX value value for GS2C.DE suggests a strong trend.