GAMESTOP CORP. - 1H - Technical analysis published on 05/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 4.38 USD
My targets
4.70 USD (+1.08%)
4.80 USD (+3.20%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GAMESTOP CORP. as long as the price remains well above 4.38 USD. The buyers” bullish objective is set at 4.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.80 USD. If there is any crossing, the next objective would be the resistance located at 5.19 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 4.70 USD. On this resistance, against the trend traders who would like to go short on GAMESTOP CORP. with a bearish signal from their trading strategy, should not hesitate to act.
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
0
10
2.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GAMESTOP CORP. rating is 4.65 USD. The price has increased by +1.53% since the last closing and was traded between 4.37 USD and 4.72 USD over the period. The price is currently at +6.41% from its lowest and -1.48% from its highest.4.37
4.72
4.65
Here is a more detailed summary of the historical variations registered by GAMESTOP CORP.:
Technical
Technical analysis of GAMESTOP CORP. in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.21 | 3.81 | 4.18 | 4.65 | 4.70 | 5.19 | 5.45 |
| Change (%) | -30.97% | -18.06% | -10.11% | - | +1.08% | +11.61% | +17.20% |
| Change | -1.44 | -0.84 | -0.47 | - | +0.05 | +0.54 | +0.80 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.15 | 4.25 | 4.42 | 4.52 | 4.69 | 4.79 | 4.96 |
| Camarilla | 4.51 | 4.53 | 4.56 | 4.58 | 4.61 | 4.63 | 4.65 |
| Woodie | 4.18 | 4.27 | 4.45 | 4.54 | 4.72 | 4.81 | 4.99 |
| Fibonacci | 4.25 | 4.36 | 4.42 | 4.52 | 4.63 | 4.69 | 4.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.80 | 3.38 | 3.80 | 4.38 | 4.80 | 5.38 | 5.80 |
| Camarilla | 3.95 | 4.04 | 4.13 | 4.22 | 4.31 | 4.40 | 4.50 |
| Woodie | 2.72 | 3.34 | 3.72 | 4.34 | 4.72 | 5.34 | 5.72 |
| Fibonacci | 3.38 | 3.76 | 4.00 | 4.38 | 4.76 | 5.00 | 5.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.52 | 1.02 | 3.38 | 4.92 | 7.28 | 8.82 | 11.18 |
| Camarilla | 4.66 | 5.02 | 5.37 | 5.73 | 6.09 | 6.45 | 6.80 |
| Woodie | -0.12 | 1.23 | 3.78 | 5.13 | 7.68 | 9.03 | 11.58 |
| Fibonacci | 1.02 | 2.51 | 3.43 | 4.92 | 6.41 | 7.33 | 8.82 |
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): | 59.23 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 5.58 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 4.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.39 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 4.16 | |
| Zig ZAG (10): | 4.64 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 83.21 | |
| TEMA (21): | 4.63 | |
| Williams %R (14): | -25.23 | |
| Chande Momentum Oscillator (20): | 0.34 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 17.17 |
| MA7: | 4.43 | |
| MA20: | 5.02 | |
| MA50: | 4.49 | |
| MA100: | 4.48 | |
| MAexp7: | 4.55 | |
| MAexp20: | 4.46 | |
| MAexp50: | 4.53 | |
| MAexp100: | 4.71 | |
| Price / MA7: | +4.97% | |
| Price / MA20: | -7.37% | |
| Price / MA50: | +3.56% | |
| Price / MA100: | +3.79% | |
| Price / MAexp7: | +2.20% | |
| Price / MAexp20: | +4.26% | |
| Price / MAexp50: | +2.65% | |
| Price / MAexp100: | -1.27% |
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:
- GameStop Highlights the Progress Made Executing Its Innovative Business Transformation Plan
-
GameStop Sells Out Of Replenished Stock Of Nintendo Switches
- GameStop Recommends Stockholders Vote the BLUE Proxy Card to Support ALL of GameStop’s Independent, Experienced and Highly Qualified Directors
- GameStop Files Definitive Proxy Statement and Sends Letter to Stockholders
- GameStop Provides Business Update Related to COVID-19
This member declared not having a position on this financial instrument or a related financial instrument.
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