GME Technical Signal Analysis
GME have 4 buy signals and 3 sell signals now. The current trend is downtrend starting from 2025-02-21. The total price change during this trend is -16.92%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of GME over last 5 trading day is $96,761,842.86
4 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
6.48
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-157.02
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
2.82
Bullish
Williams %R (14 days)
WILLR_14 < -80
-91.92
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-2.8
Bearish
Momentum (10 days)
MOM_10 < 0
-2.53
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.22
Bearish
4 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
6.48
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-157.02
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
2.82
Bullish
Williams %R (14 days)
WILLR_14 < -80
-91.92
Bullish
GME Support and Resistance Level
The support levels for GME are at 22.05, 21.12, and 19.63, while the resistance levels are at 25.04, 25.97, and 27.47. With the current stock price at 21.95, it is leaning more toward the support levels.
GME Technical Analysis
Technical Analysis of GME Stock
Current Price and Key Levels
As of the latest data, GameStop Corp. (GME) is trading at $23.99. Below are the critical technical levels to watch:
- Fibonacci Pivot: $24.79
- Resistance Levels: $25.92, $26.61, $27.74
- Support Levels: $23.67, $22.97, $21.84
Technical Indicators
- RSI (14): 38.81 (Below 50, indicating bearish momentum).
- Stochastic Oscillator: %K (18.94) and %D (19.09) are in oversold territory, suggesting potential exhaustion in the sell-off.
- MACD: -0.84 (Negative, indicating bearish trend strength).
Price Action and Volume
- The stock closed at $24.00 on March 7, 2025, with a volume of 3,463,954 shares.
- The price is currently testing the first support level at $23.67. A break below this level could trigger further downside to $22.97.
Recommendation
Based on the technical analysis, sell GME at $23.99. The stock is in a bearish trend, and the indicators suggest continued weakness.
Target Price and Stop-Loss
- Target Price: $22.97 (First support level).
- Stop-Loss: $25.92 (First resistance level).
This recommendation is based on technical analysis and should be considered in the context of broader market conditions and risk tolerance.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.
GME FAQs
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How reliable is technical analysis?
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Is GME a buy based on overall technical signals summary?
GME Buy or Sell
GME has 4 buy signals and 3 sell signals now. Overall the technical rating for GME is Neutral.
Neutral
Sell
3
Buy
4
GME Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 21.95 below the SMA_5. In the short term, the stock shows a negative trend with the 22.59 below the SMA_20. In the mid term, the stock shows a negative trend with the 24.71 below the SMA_60. In the long term, the stock shows a positive trend with the 27.51 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about GME's current trend?What are GME's key support and resistance levels?