GME Weekly Technical Analysis
GameStop Corp.
Video game retailer that became a meme stock with significant retail following.
GME Technical Analysis Summary
GME is locked in a prolonged, low-volatility consolidation phase on the weekly chart. The price is currently pinched perfectly between overhead resistance at the 50-week SMA and underlying support at the 200-week SMA. With RSI hovering dead center around 50 and MACD flatlining near zero, there is no clear directional momentum. A decisive weekly close outside of this 50/200 SMA boundary is required to dictate the next major trend.
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GME Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is tightly coiled between the 50-week and 200-week SMAs. Momentum indicators (RSI at 51.61, flat MACD near zero) confirm a lack of directional bias in the near term.
Long-term Sentiment (weeks to months): Neutral
The dramatic multi-year downtrend from the 2021 peak has evolved into a prolonged, low-volatility sideways consolidation. The price is currently resting on the slowly rising 200-week SMA.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:37:40.842Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $22.50 | $22.00 - $23.00 | Strong | Confluence of the 200-week SMA and recent weekly lows, providing immediate foundational support. |
| $20.00 | $19.50 - $20.50 | Strong | Lower boundary of the recent multi-month consolidation range and the lower Bollinger Band. |
| $15.50 | $15.00 - $16.00 | Strong | Major structural swing lows formed in late 2023 and early 2024. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $24.15 | $23.80 - $24.50 | Strong | Immediate resistance at the relatively flat 50-week SMA, which has capped recent upward moves. |
| $27.00 | $26.00 - $28.00 | Weak | Intermittent swing highs within the ongoing sideways chop. |
| $35.00 | $34.00 - $36.00 | Strong | Significant multi-week peak established in mid-2023. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Prolonged Consolidation | Neutral | N/A | A multi-year compression of price action, characterized by narrowing volatility and convergence of moving averages following a massive historical run-up and subsequent decline. |
Frequently Asked Questions about GME
What is the current sentiment for GME?
The short-term sentiment for GME is currently Neutral because Price is tightly coiled between the 50-week and 200-week SMAs. Momentum indicators (RSI at 51.61, flat MACD near zero) confirm a lack of directional bias in the near term.. 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 $22.50 and $20.00. 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 42/100. 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.