Londinia Opportunities Analyses - 12/24/2024 (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: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 30.89 USD

My targets

31.55 USD (+1.25%)

32.12 USD (+3.08%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GAMESTOP CORP. as long as the price remains well above 30.89 USD. The buyers' bullish objective is set at 31.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.12 USD. If there is any crossing, the next objective would be the resistance located at 36.54 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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Additional analysis

Quotes

The GAMESTOP CORP. rating is 31.16 USD. The price registered an increase of +0.84% on the session with the lowest point at 30.58 USD and the highest point at 31.59 USD. The deviation from the price is +1.90% for the low point and -1.36% for the high point.

30.58

31.59

31.16

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GAMESTOP CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	28.32	30.17	30.89	31.16	31.55	32.12	36.54
Change (%)	-9.11%	-3.18%	-0.87%	-	+1.25%	+3.08%	+17.27%
Change	-2.84	-0.99	-0.27	-	+0.39	+0.96	+5.38
Level	Intermediate	Intermediate	Minor	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.75	29.27	30.08	30.60	31.41	31.93	32.74
Camarilla	30.53	30.66	30.78	30.90	31.02	31.14	31.27
Woodie	28.91	29.34	30.24	30.67	31.57	32.00	32.90
Fibonacci	29.27	29.78	30.09	30.60	31.11	31.42	31.93

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):	60.59
MACD (12,26,9):	0.3900
Directional Movement:	11.11
AROON (14):	85.71
DEMA (21):	30.97
Parabolic SAR (0,02-0,02-0,2):	29.82
Elder Ray (13):	0.29
Super Trend (3,10):	29.20
Zig ZAG (10):	31.22
VORTEX (21):	1.0600
Stochastique (14,3,5):	85.69
TEMA (21):	31.16
Williams %R (14):	-20.69
Chande Momentum Oscillator (20):	1.36
Repulse (5,40,3):	1.9400
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	10.37

MA7:	30.02
MA20:	29.02
MA50:	26.04
MA100:	23.86
MAexp7:	30.99
MAexp20:	30.52
MAexp50:	29.97
MAexp100:	29.36
Price / MA7:	+3.80%
Price / MA20:	+7.37%
Price / MA50:	+19.66%
Price / MA100:	+30.60%
Price / MAexp7:	+0.55%
Price / MAexp20:	+2.10%
Price / MAexp50:	+3.97%
Price / MAexp100:	+6.13%

Quotes : - 15 min delayed data - Actions NYSE

News

Don't forget to follow the news on GAMESTOP CORP.. At the time of publication of this analysis, the latest news was as follows: