GME Daily Technical Analysis
GameStop Corp.
Video game retailer that became a meme stock with significant retail following.
GME Technical Analysis Summary
GME shows a constructive technical setup, having recently broken out above its key moving averages, including the 200-day SMA. While the most recent candle indicates a sharp pullback (-5.36%), the price remains above significant support zones near 24.05 and 22.40. Momentum indicators like the MACD remain positive, though the RSI ticking down from near-overbought levels suggests a temporary cooling of buying pressure. If the price can hold above the 200-day SMA, the outlook favors a continuation of the recent upward move.
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GME Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is trading above the 20, 50, and 200-day SMAs. MACD is in a bullish crossover configuration with a positive histogram. The current pullback is testing support at the 200-day SMA.
Long-term Sentiment (weeks to months): Neutral
While the price has reclaimed the 200-day SMA, the long-term average itself remains flat to slightly downward sloping, indicating the long-term uptrend is not yet fully established.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:15:48.917Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $24.05 | $24.00 - $24.10 | Strong | Confluence of the 200-day SMA (24.05) acting as immediate dynamic support. |
| $22.20 | $22.00 - $22.40 | Strong | Cluster containing the 50-day SMA (22.01) and the 20-day SMA/Bollinger Basis (22.39). |
| $19.45 | $19.40 - $19.50 | Weak | Recent consolidation lows and the current lower Bollinger Band level. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $26.75 | $26.50 - $27.00 | Weak | Recent swing high and approximate location of the upper Bollinger Band prior to the pullback. |
| $29.75 | $29.50 - $30.00 | Strong | Psychological level and zone of previous significant price reactions. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Breakout and Retest | Bullish | N/A | Price recently broke above the 200-day SMA and is currently pulling back to retest this level as support. |
| Weak | Base Formation | Bullish | $29.00 | A prolonged period of consolidation between 19.00 and 24.00 appears to have completed with the recent move upward. |
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, 50, and 200-day SMAs. MACD is in a bullish crossover configuration with a positive histogram. The current pullback is testing support at the 200-day SMA.. 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 $24.05 and $22.20. 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 86/100. It is 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.