Londinia Opportunities Analyses - 12/23/2024 (GMT) GAMESTOP CORP. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	GME
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 29.66 USD

My targets

30.89 USD (+2.73%)

32.12 USD (+6.82%)

My analysis

The basic bullish trend is very strong on GAMESTOP CORP. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 29.66 USD. Crossing the first resistance at 30.89 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 32.12 USD as an objective. Crossing it would then enable buyers to target 36.54 USD. Caution, a return to below 29.66 USD would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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Additional analysis

Quotes

The GAMESTOP CORP. price is 30.07 USD. The price registered an increase of +0.84% on the session and was traded between 29.78 USD and 30.81 USD over the period. The price is currently at +0.97% from its lowest and -2.40% from its highest.

29.78

30.81

30.07

Here is a more detailed summary of the historical variations registered by GAMESTOP CORP.:

Technical

Technical analysis of GAMESTOP CORP. in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.16	26.95	28.32	30.07	30.17	30.89	32.12
Change (%)	-13.00%	-10.38%	-5.82%	-	+0.33%	+2.73%	+6.82%
Change	-3.91	-3.12	-1.75	-	+0.10	+0.82	+2.05
Level	Intermediate	Major	Intermediate	-	Intermediate	Intermediate	Minor

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	26.37	27.34	28.58	29.55	30.79	31.76	33.00
Camarilla	29.21	29.42	29.62	29.82	30.02	30.23	30.43
Woodie	26.51	27.41	28.72	29.62	30.93	31.83	33.14
Fibonacci	27.34	28.18	28.71	29.55	30.39	30.92	31.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.82	25.05	27.43	29.66	32.04	34.27	36.65
Camarilla	28.55	28.98	29.40	29.82	30.24	30.67	31.09
Woodie	22.91	25.09	27.52	29.70	32.13	34.31	36.74
Fibonacci	25.05	26.81	27.90	29.66	31.42	32.51	34.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.99	17.43	23.23	27.67	33.47	37.91	43.71
Camarilla	26.20	27.14	28.08	29.02	29.96	30.90	31.84
Woodie	13.66	17.77	23.90	28.01	34.14	38.25	44.38
Fibonacci	17.43	21.35	23.76	27.67	31.59	34.00	37.91

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):	56.52
MACD (12,26,9):	0.1100
Directional Movement:	7.26
AROON (14):	50.00
DEMA (21):	29.97
Parabolic SAR (0,02-0,02-0,2):	28.53
Elder Ray (13):	0.48
Super Trend (3,10):	31.15
Zig ZAG (10):	30.32
VORTEX (21):	0.9800
Stochastique (14,3,5):	74.27
TEMA (21):	29.89
Williams %R (14):	-23.20
Chande Momentum Oscillator (20):	1.01
Repulse (5,40,3):	-0.1800
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.01

MA7:	29.44
MA20:	28.91
MA50:	25.82
MA100:	23.76
MAexp7:	29.95
MAexp20:	29.86
MAexp50:	29.58
MAexp100:	29.08
Price / MA7:	+2.14%
Price / MA20:	+4.01%
Price / MA50:	+16.46%
Price / MA100:	+26.56%
Price / MAexp7:	+0.40%
Price / MAexp20:	+0.70%
Price / MAexp50:	+1.66%
Price / MAexp100:	+3.40%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on GAMESTOP CORP. at the time of the generation of this analysis was as follows: