GAMESTOP CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	GME
ISIN:

GAMESTOP CORP. - Daily - Technical analysis published on 06/20/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

39%

My opinion

Bullish above 23.09 USD

My targets

26.95 USD (+9.11%)

32.89 USD (+33.16%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GAMESTOP CORP.. As long as you are above the support located at 23.09 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 26.95 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 32.89 USD as an objective. Crossing it would then enable buyers to target 47.40 USD. If the support 23.09 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.7

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 24.70 USD. The price registered a decrease of -2.06% on the session and was between 23.61 USD and 25.97 USD. This implies that the price is at +4.62% from its lowest and at -4.89% from its highest.

23.61

25.97

24.70

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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 Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.36	10.62	19.53	24.70	26.95	47.40	61.89
Change (%)	-86.40%	-57.00%	-20.93%	-	+9.11%	+91.90%	+150.57%
Change	-21.34	-14.08	-5.17	-	+2.25	+22.70	+37.19
Level	Major	Major	Major	-	Major	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.19	22.40	23.55	24.76	25.91	27.12	28.27
Camarilla	24.05	24.27	24.48	24.70	24.92	25.13	25.35
Woodie	21.16	22.39	23.52	24.75	25.88	27.11	28.24
Fibonacci	22.40	23.30	23.86	24.76	25.66	26.22	27.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.18	17.49	23.09	28.40	34.00	39.31	44.91
Camarilla	25.70	26.70	27.70	28.70	29.70	30.70	31.70
Woodie	12.34	17.56	23.25	28.47	34.16	39.38	45.07
Fibonacci	17.49	21.65	24.23	28.40	32.56	35.14	39.31

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.44
MACD (12,26,9):	1.7400
Directional Movement:	21.40
AROON (14):	42.86
DEMA (21):	29.10
Parabolic SAR (0,02-0,02-0,2):	45.58
Elder Ray (13):	-2.35
Super Trend (3,10):	18.33
Zig ZAG (10):	24.70
VORTEX (21):	0.9800
Stochastique (14,3,5):	21.89
TEMA (21):	28.41
Williams %R (14):	-83.51
Chande Momentum Oscillator (20):	1.56
Repulse (5,40,3):	-13.6400
ROCnROLL:	-1
TRIX (15,9):	1.7000
Courbe Coppock:	52.02

MA7:	26.93
MA20:	26.03
MA50:	20.17
MA100:	17.04
MAexp7:	27.02
MAexp20:	26.35
MAexp50:	22.35
MAexp100:	19.37
Price / MA7:	-8.28%
Price / MA20:	-5.11%
Price / MA50:	+22.46%
Price / MA100:	+44.95%
Price / MAexp7:	-8.59%
Price / MAexp20:	-6.26%
Price / MAexp50:	+10.51%
Price / MAexp100:	+27.52%

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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