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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A very red day for Gamestop stock price after a -15.03% fall in the Wednesday trading session
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Gamestop stock price fell by -15.03% on the last day (Wednesday, 27th Mar 2024) from $15.50 to $13.17. During the last trading day the stock fluctuated 7.19% from a day low at $12.80 to a day high of $13.72. The price has fallen in 6 of the last 10 days and is down by -11.43% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 18 million shares were bought and sold for approximately $232.96 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.01 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.77% during the next 3 months and, with a 90% probability hold a price between $11.74 and $14.71 at the end of this 3-month period.

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GME Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 0.534%. Further rise is indicated until a new top pivot has been found. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $13.92 and $14.28. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Gamestop stock

Gamestop finds support from accumulated volume at $13.10 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 $0.92 between high and low, or 7.19%. For the last week, the stock has had daily average volatility of 7.61%.

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 Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Gamestop Corporation to open at $13.23, and during the day (based on 14 day Average True Range), to move between $12.27 and $14.07, which gives a possible trading interval of +/-$0.90 (+/-6.85%) up or down from last closing price. If Gamestop Corporation takes out the full calculated possible swing range there will be an estimated 13.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.10 (0.53%) than the resistance at $15.12 (14.81%), 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?

Gamestop holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.179 Sell Candidate Downgraded

Predicted Opening Price for Gamestop Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$13.23 ( 0.456%) $13.17

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
Resistance R3 14.15 7.44 %
R2 13.80 4.77 %
R1 13.58 3.12 %
Current price: 13.17
Support S1 12.88 -2.21 %
S2 12.66 -3.86 %
S3 12.31 -6.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.50 17.69 %
R2 15.26 15.87 %
R1 15.12 14.81 %
Current price 13.17
Support S1 13.10 -0.532%
S2 0 .
S3 0 .

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?
Gamestop holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

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 2024-03-27, the price of an Gamestop (GME) share was $13.17.

What is the 52-week high and low for Gamestop Stock?
The 52-week high for Gamestop Stock is $27.65 and the 52-week low is $11.83.

What is the market capitalization of Gamestop Stock?
As of the 2024-03-27, the market capitalization of Gamestop is 4.024B.

When is the next earnings date for Gamestop?
The upcoming earnings date for Gamestop is Jun 05, 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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