GAMESTOP CORP. - 1H - Technical analysis published on 04/06/2022 (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
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
44%
28%
My opinion
Bearish under 170.22 USD
My targets
147.86 USD (-5.44%)
146.80 USD (-6.11%)
My analysis
The current short-term bearish acceleration registered on GAMESTOP CORP. should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 170.22 USD. Short-term sellers will use the support located at 147.86 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 146.80 USD. Crossing this support would then open the door for sellers to target 128.45 USD. Caution, if there is a return to below 170.22 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2
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This analysis was given by ckpawlik. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GAMESTOP CORP. rating is 156.36 USD. The price registered an increase of +1.80% on the session and was between 149.70 USD and 157.68 USD. This implies that the price is at +4.45% from its lowest and at -0.84% from its highest.149.70
157.68
156.36
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this GAMESTOP CORP. chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Piercing line
Type : Bullish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 93.52 | 128.45 | 146.80 | 156.36 | 170.22 | 190.79 | 218.32 |
| Change (%) | -40.19% | -17.85% | -6.11% | - | +8.86% | +22.02% | +39.63% |
| Change | -62.84 | -27.91 | -9.56 | - | +13.86 | +34.43 | +61.96 |
| Level | Major | Intermediate | Major | - | Major | Major | Intermediate |
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 | 131.15 | 141.58 | 147.58 | 158.01 | 164.01 | 174.44 | 180.44 |
| Camarilla | 149.07 | 150.58 | 152.08 | 153.59 | 155.10 | 156.60 | 158.11 |
| Woodie | 128.95 | 140.47 | 145.38 | 156.90 | 161.81 | 173.33 | 178.24 |
| Fibonacci | 141.58 | 147.85 | 151.73 | 158.01 | 164.28 | 168.16 | 174.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.69 | 124.11 | 144.56 | 171.98 | 192.43 | 219.85 | 240.30 |
| Camarilla | 151.84 | 156.22 | 160.61 | 165.00 | 169.39 | 173.78 | 178.16 |
| Woodie | 93.20 | 122.37 | 141.07 | 170.24 | 188.94 | 218.11 | 236.81 |
| Fibonacci | 124.11 | 142.40 | 153.70 | 171.98 | 190.27 | 201.57 | 219.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -25.53 | 26.03 | 96.30 | 147.86 | 218.13 | 269.69 | 339.96 |
| Camarilla | 133.08 | 144.25 | 155.41 | 166.58 | 177.75 | 188.92 | 200.08 |
| Woodie | -16.17 | 30.71 | 105.67 | 152.54 | 227.50 | 274.37 | 349.33 |
| Fibonacci | 26.03 | 72.57 | 101.32 | 147.86 | 194.40 | 223.15 | 269.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.13 | |
| MACD (12,26,9): | -3.6000 | |
| Directional Movement: | -11.87 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 158.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 176.43 | |
| Elder Ray (13): | -7.08 | |
| Super Trend (3,10): | 170.40 | |
| Zig ZAG (10): | 155.76 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 13.21 | |
| TEMA (21): | 153.25 | |
| Williams %R (14): | -80.08 | |
| Chande Momentum Oscillator (20): | -11.75 | |
| Repulse (5,40,3): | 1.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 11.00 |
| MA7: | 165.45 | |
| MA20: | 130.77 | |
| MA50: | 120.33 | |
| MA100: | 139.86 | |
| MAexp7: | 157.00 | |
| MAexp20: | 161.49 | |
| MAexp50: | 160.34 | |
| MAexp100: | 148.32 | |
| Price / MA7: | -5.49% | |
| Price / MA20: | +19.57% | |
| Price / MA50: | +29.94% | |
| Price / MA100: | +11.80% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -3.18% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | +5.42% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on GAMESTOP CORP. at the time of the analysis were as follows:
- GameStop Reports Fourth Quarter and Fiscal Year 2021 Results
- GameStop Announces Release Date for Fourth Quarter and Full Year Fiscal 2021 Results
- GameStop Forms Partnership with Immutable X
-
The Crypto Report: GameStop surges on reports of crypto and NFT ventures, The Mozilla Foundation
-
‘Who Can Forget?’: The GameStop Phenomenon
This member declared not having a position on this financial instrument or a related financial instrument.
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