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Gamestop Corporation (GME) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Electronics Distribution
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017DojiBearish EngulfingTue, 24 Oct 2017-18.29%
***Stock database and scans are updated around midnight (New York time) every trading day.
16.31 0.00 (0%) Nov 17 4:00pm EDT
Open: 16.31 Range: 16.15 - 16.58 Vol: 3.19M Avg Vol: 2.31M
EPS: 3.32 P/E ratio: 5.62 EBITDA: 744.20M Mkt Cap: 1.89B
Analyze "GME" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 16.18
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 17.92
Last Trade is below the 50 day moving average at 19.23
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 21.71
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of GME

Stock Trend Analysis - Buy, Sell or Hold "Gamestop Corporation" (GME)?

GME is in a very strong downtrend. For the last 52 weeks, GME has maintained to stay firmly below the 200 day moving average for 100% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for GME is also extremely bearish and weak, having traded almost 82% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as GME has been trading below its 20 SMA for 75% of the time in the last 8 weeks. As GME is in a strong downtrend characterized by the 200 SMA, currently at 21.71, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although GME may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "GME".

The analyst consensus estimates for the 1 year price target for this stock is $22.77* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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