GME Daily Technical Analysis
GameStop Corp.
Video game retailer that became a meme stock with significant retail following.
GME Technical Analysis Summary
GameStop is displaying short-term bullish momentum, having reclaimed the 20 and 50-day SMAs with supporting indicators like a rising RSI and a MACD bullish crossover. The immediate technical test is the 200-day SMA at 24.11; a breakout above this level would signal a significant long-term trend reversal. Downside risk appears mitigated by strong support in the 21.20–21.55 zone.
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GME Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is trading above the 20 and 50-day SMAs. The MACD has recently executed a bullish crossover with a rising positive histogram. RSI is in a bullish zone (63.32) without being overbought.
Long-term Sentiment (weeks to months): Neutral
Price remains below the key 200-day SMA (24.11), indicating the long-term downtrend has not fully reversed. However, recent higher lows suggest potential stabilization.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:17:44.874Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $21.38 | $21.20 - $21.55 | Strong | Confluence of the 20-day SMA and 50-day SMA. |
| $19.75 | $19.50 - $20.00 | Strong | Recent consolidation lows and lower Bollinger Band area. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $24.15 | $24.10 - $24.20 | Strong | 200-day SMA acting as major overhead resistance. |
| $27.00 | $26.50 - $27.50 | Weak | Previous swing high area from October. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bullish MACD Crossover | Bullish | N/A | MACD line has crossed above the signal line with expanding positive histogram, indicating growing upward momentum. |
| Strong | Higher Low Structure | Bullish | $24.11 | Price action since November shows a series of higher lows, suggesting trend stabilization and accumulation. |
Frequently Asked Questions about GME
What is the current sentiment for GME?
The short-term sentiment for GME is currently Bullish because Price is trading above the 20 and 50-day SMAs. The MACD has recently executed a bullish crossover with a rising positive histogram. RSI is in a bullish zone (63.32) without being overbought.. 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 $21.38 and $19.75. 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 47/100. 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.