GME Daily Technical Analysis
GameStop Corp.
Video game retailer that became a meme stock with significant retail following.
GME Technical Analysis Summary
The technical picture has improved as the price recently reclaimed key moving averages, including the 200-day SMA, signaling a shift in momentum. A large double bottom reversal pattern is developing, with the price currently testing the critical neckline resistance around the 25.50-26.50 area. A decisive breakout above this zone on expanding volume would confirm the bullish reversal and open the door for higher targets, while failure to break through could lead to further range-bound consolidation.
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GME Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is making higher lows and higher highs since late January, trading above the 20, 50, and 200-day SMAs. The RSI is rising and comfortably above 50 (at 60.96), indicating positive short-term momentum.
Long-term Sentiment (weeks to months): Neutral
While the price has recently reclaimed the 200-day SMA, which is a positive development, the 50-day SMA remains below the 200-day SMA. The broader price action over the last year is characterized by a wide, choppy consolidation range, requiring a definitive breakout to establish a clear long-term trend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-03-09T21:05:19.974Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $23.80 | $23.50 - $24.10 | Strong | A critical confluence zone of support containing the 200-day SMA, 20-day SMA, and recent swing lows. |
| $21.50 | $21.00 - $22.00 | Weak | Previous consolidation area and swing lows from mid-to-late January. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $26.00 | $25.50 - $26.50 | Strong | Immediate resistance zone formed by recent local peaks in early February and acting as the neckline for a larger reversal pattern. |
| $28.50 | $28.00 - $29.00 | Weak | Prior swing high resistance zone established during the September/October rallies. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom | Bullish | $31.00 | A potential double bottom formation is visible, with the first low in late November near 19.50 and the second low in late January near 20.00. The price is currently challenging the neckline of this pattern. |
Frequently Asked Questions about GME
What is the current sentiment for GME?
The short-term sentiment for GME is currently Bullish because Price is making higher lows and higher highs since late January, trading above the 20, 50, and 200-day SMAs. The RSI is rising and comfortably above 50 (at 60.96), indicating positive short-term momentum.. The long-term trend is classified as Neutral.
What are the key support levels for GME?
StockDips.AI has identified key support levels for GME at $23.80 and $21.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is GME in a significant dip or a Value Dip right now?
GME has a Value Score of 55/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.