RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GME
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Gamestop stock price ended at $24.97 on Friday, after losing 3.52%.
(Updated on Jul 19, 2024)

Sell candidate since Jul 18, 2024 Loss -3.52% PDF

The Gamestop stock price fell by -3.52% on the last day (Friday, 19th Jul 2024) from $25.88 to $24.97. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.20% from a day low at $24.85 to a day high of $26.39. The price has risen in 7 of the last 10 days and is up by 3.27% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 12 million shares were bought and sold for approximately $311.83 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.90% during the next 3 months and, with a 90% probability hold a price between $28.30 and $74.31 at the end of this 3-month period.

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GME Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gamestop stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $26.57 and $26.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -48.78%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Gamestop stock

Gamestop finds support from accumulated volume at $24.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.54 between high and low, or 6.20%. For the last week, the stock has had daily average volatility of 7.55%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GME) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Gamestop Corporation to open at $25.40, and during the day (based on 14 day Average True Range), to move between $22.17 and $27.77, which gives a possible trading interval of +/-$2.80 (+/-11.23%) up or down from last closing price. If Gamestop Corporation takes out the full calculated possible swing range there will be an estimated 22.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.83 (0.56%) than the resistance at $28.00 (12.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gamestop Corporation stock A Buy?

The Gamestop stock holds several negative signals and despite the positive trend, we believe Gamestop will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.290 Sell Candidate Unchanged

Predicted Opening Price for Gamestop Corporation of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$25.40 ( 1.74%) $24.97

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GME

Fibonacci Support & Resistance Levels

Level Price
R3 26.94 7.90%
R2 26.36 5.55%
R1 25.99 4.09%
Price 24.97
S1 24.82 -0.621%
S2 24.45 -2.08%
S3 23.86 -4.43%

Accumulated Volume Support & Resistance Levels

Level Price
R3 30.45 21.95%
R2 28.22 13.02%
R1 28.00 12.13%
Price 24.97
S1 24.83 -0.561%
S2 23.78 -4.77%
S3 22.21 -11.05%

GME Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2019 Mar 14, 2019 Mar 29, 2019 $0.0950 3.74%
2 Nov 29, 2018 Dec 10, 2018 Dec 21, 2018 $0.0950 3.18%
3 Sep 06, 2018 Sep 17, 2018 Oct 02, 2018 $0.0950 2.55%
4 May 31, 2018 Jun 11, 2018 Jun 26, 2018 $0.0950 2.54%
5 Feb 21, 2018 Mar 02, 2018 Mar 20, 2018 $0.0950 2.62%

FAQ

What is the symbol for Gamestop Stock and on which exchange is it traded?
The symbol for Gamestop is GME and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Gamestop Stock?
The Gamestop stock holds several negative signals and despite the positive trend, we believe Gamestop will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Gamestop Stock?
Gamestop Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gamestop Stock.

What's the current price of Gamestop Stock?
As of the end of day on the Jul 19, 2024, the price of an Gamestop (GME) share was $24.97.

What is the 52-week high and low for Gamestop Stock?
The 52-week high for Gamestop Stock is $64.83 and the 52-week low is $9.95.

What is the market capitalization of Gamestop Stock?
As of the Jul 19, 2024, the market capitalization of Gamestop is 10.643B.

When is the next earnings date for Gamestop?
The upcoming earnings date for Gamestop is Sep 04, 2024.
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About Gamestop Corporation

Gamestop GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downlo... GME Profile

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