pool adsGamestop $GME is Weak on a Long Term Basis in Charts and Tables
Gamestop (NYSE: GME) is Weak on a Long Term Basis; shown in Charts and Tables.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Weak |
| P1 | 12.47 | 11.07 | 10.95 |
| P2 | 13.18 | 12.57 | 13.19 |
| P3 | 13.83 | 14.01 | 15.41 |
Support and Resistance Plot Chart for GME
Long Term Trading Plans for GME
May 21, 2018, 10:19 am ET
The technical Summary and associated Trading Plans for GME listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for GME. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
GME - (Long) Support Plan
Buy over 10.95 target 13.19 stop loss @ 10.69.
The technical summary data tells us to buy GME near 10.95 with an upside target of 13.19. This data also tells us to set a stop loss @ 10.69 to protect against excessive loss in case the stock begins to move against the trade. 10.95 is the first level of support below 12.46 , and by rule, any test of support is a buy signal. In this case, support 10.95 would be being tested, so a buy signal would exist.
GME - (Short) Resistance Plan
Short under 13.19 target 10.95 stop loss @ 13.45.
The technical summary data is suggesting a short of GME as it gets near 13.19 with a downside target of 10.95. We should have a stop loss in place at 13.45 though. 13.19 is the first level of resistance above 12.46, and by rule, any test of resistance is a short signal. In this case, if resistance 13.19 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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