GAMESTOP CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GME
ISIN:

GAMESTOP CORP. - 1H - Technical analysis published on 06/07/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 40.50 USD

My targets

47.40 USD (+1.83%)

55.08 USD (+18.32%)

My analysis

The bullish trend is currently very strong on GAMESTOP CORP.. As long as the price remains above the support at 40.50 USD, you could try to benefit from the boom. The first bullish objective is located at 47.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 55.08 USD as an objective. Crossing it would then enable buyers to target 61.89 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GAMESTOP CORP. rating 46.55 USD. The price registered an increase of +47.45% on the session and was traded between 31.28 USD and 47.50 USD over the period. The price is currently at +48.82% from its lowest and -2.00% from its highest.

31.28

47.50

46.55

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of GAMESTOP CORP. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.53	26.95	40.50	46.55	47.40	61.89	86.88
Change (%)	-58.05%	-42.11%	-13.00%	-	+1.83%	+32.95%	+86.64%
Change	-27.02	-19.60	-6.05	-	+0.85	+15.34	+40.33
Level	Major	Major	Intermediate	-	Major	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.83	25.56	36.05	41.78	52.27	58.00	68.49
Camarilla	42.09	43.58	45.06	46.55	48.04	49.52	51.01
Woodie	22.22	26.75	38.44	42.97	54.66	59.19	70.88
Fibonacci	25.56	31.75	35.58	41.78	47.97	51.80	58.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.38	16.74	19.94	23.30	26.50	29.86	33.06
Camarilla	21.34	21.94	22.54	23.14	23.74	24.34	24.94
Woodie	13.30	16.70	19.86	23.26	26.42	29.82	32.98
Fibonacci	16.74	19.25	20.79	23.30	25.81	27.35	29.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-53.18	-21.24	0.95	32.89	55.08	87.02	109.21
Camarilla	8.25	13.22	18.18	23.14	28.10	33.06	38.03
Woodie	-58.06	-23.68	-3.93	30.45	50.21	84.58	104.34
Fibonacci	-21.24	-0.56	12.21	32.89	53.57	66.34	87.02

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	88.14
MACD (12,26,9):	3.9500
Directional Movement:	46.33
AROON (14):	92.86
DEMA (21):	37.86
Parabolic SAR (0,02-0,02-0,2):	28.25
Elder Ray (13):	8.75
Super Trend (3,10):	34.08
Zig ZAG (10):	46.46
VORTEX (21):	1.2600
Stochastique (14,3,5):	85.43
TEMA (21):	40.18
Williams %R (14):	-4.86
Chande Momentum Oscillator (20):	17.01
Repulse (5,40,3):	26.3800
ROCnROLL:	1
TRIX (15,9):	1.2900
Courbe Coppock:	74.91

MA7:	28.52
MA20:	26.56
MA50:	17.72
MA100:	16.02
MAexp7:	38.71
MAexp20:	33.27
MAexp50:	28.81
MAexp100:	25.97
Price / MA7:	+63.22%
Price / MA20:	+75.26%
Price / MA50:	+162.70%
Price / MA100:	+190.57%
Price / MAexp7:	+20.02%
Price / MAexp20:	+39.65%
Price / MAexp50:	+61.26%
Price / MAexp100:	+78.90%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on GAMESTOP CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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