Gamestop Corp. Class A | GME

Daily Technical Analysis of Gamestop Corp. Class A

Gamestop had a nice pop today and is currently up 4.62% we'll see if the cash keeps flowing in.

Currently GME isn't at a clear support/resistance line that seems tradable. Gamestop hasn't shown a lot of strength recently, shareholders don't seem that energized about the Retail company's future prospects. GME might find some support at the 19.27 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Gamestop By Price Target And Rating

The analysts are pretty neutral on GameStop right now, so not much useful information here. The current Analysts Sentiment Score is -3.79. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Wedbush provided a price target decease of -11.67% to $5.30 from $6.00 on 2022-12-08. On 2021-12-27 Ascendiant Capital Market reiterated their rating of Sell and moved up their price target to $36.50 which is a 508.33% increase. Credit Suisse Group reiterated a rating of Sell on 2021-04-01. On 2021-03-24 Telsey Advisory Group lowered their price target by -9.09% to $7.50. On 2021-01-13 there was a downgrade announced by Standpoint Research from Buy to Hold. Benchmark provided a price target decease of -16.67% to $1.25 from $1.50 on 2020-12-09. Jefferies Financial Group downgraded from Buy to Hold on 2020-10-12 but also increased their price target by 30% to $3.25. Loop Capital decided to move up their price target on 2020-09-23 to $2.25 which is a 50% increase.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for GameStop

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for GameStop

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.