GME Daily Technical Analysis
GameStop Corp.
Video game retailer that became a meme stock with significant retail following.
GME Technical Analysis Summary
GME is demonstrating clear bearish technical signals in the short term, characterized by a breakdown below key support levels and moving averages. The MACD histogram is negative and expanding, confirming downward momentum. Long-term investors should be cautious as a death cross between the 50 and 200-day SMAs appears to be forming, which could indicate a more sustained downtrend targeting the next major support zone around 18.00.
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GME Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day SMA and pressing against the lower Bollinger Band. RSI is declining towards oversold, and MACD shows bearish divergence with an expanding negative histogram.
Long-term Sentiment (weeks to months): Bearish
Price has fallen below both the 50-day and 200-day SMAs. A 'death cross' (50 SMA crossing below 200 SMA) appears imminent, indicating a potential shift to long-term bearish momentum.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-02T14:14:14.567Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $20.25 | $20.00 - $20.50 | Weak | Psychological support level and proximity to the lower Bollinger Band. |
| $18.00 | $17.50 - $18.50 | Strong | Major swing low established earlier in the year (October/November visible period) acting as significant structural support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $22.88 | $22.40 - $23.35 | Strong | Cluster of resistance formed by the 20-day SMA, 200-day SMA, and 50-day SMA, as well as the recent breakdown point from consolidation. |
| $26.50 | $26.00 - $27.00 | Strong | Recent swing highs and the upper boundary of the previous consolidation range. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Death Cross (Forming) | Bearish | N/A | The 50-day SMA is dropping and very close to crossing below the 200-day SMA, a classic technical signal for long-term trend reversal to the downside. |
| Strong | Range Breakdown | Bearish | $18.50 | Price recently broke below a prolonged consolidation zone (roughly 23 to 27) with increasing bearish MACD momentum. |
Frequently Asked Questions about GME
What is the current sentiment for GME?
The short-term sentiment for GME is currently Bearish because Price is trading below the 20-day SMA and pressing against the lower Bollinger Band. RSI is declining towards oversold, and MACD shows bearish divergence with an expanding negative histogram.. The long-term trend is classified as Bearish.
What are the key support levels for GME?
StockDips.AI has identified key support levels for GME at $20.25 and $18.00. 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 74/100. 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.