GME Weekly Technical Analysis
GameStop Corp.
Video game retailer that became a meme stock with significant retail following.
GME Technical Analysis Summary
GameStop is currently trading in a tight compression zone, sandwiched between the 200-week SMA support at 23.10 and the 50-week SMA resistance at 24.00. The weekly MACD indicates regaining momentum with a bullish crossover, and the establishment of higher lows in 2024 suggests a potential long-term base is forming. However, a decisive breakout above the $26.11 upper Bollinger Band is required to confirm a trend change, while failure to hold the $23 level could lead to a retest of the $19 zone.
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GME Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is holding support above the 200-week SMA (23.10) and the weekly MACD has executed a bullish crossover while RSI remains above 50.
Long-term Sentiment (weeks to months): Neutral
The stock is in a multi-year consolidation phase; while the 200-week SMA has flattened and price is above it, significant overhead resistance remains from the 2021-2022 structure.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:38:07.120Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $22.86 | $22.62 - $23.10 | Strong | Confluence of the 20-week Bollinger Band basis and the 200-week SMA. |
| $19.56 | $19.13 - $20.00 | Strong | Lower Bollinger Band and recent consolidation lows. |
| $11.25 | $10.00 - $12.50 | Strong | Major structural swing low from early 2024. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $25.06 | $24.00 - $26.11 | Strong | Immediate resistance cluster formed by the 50-week SMA and the Upper Bollinger Band. |
| $32.50 | $30.00 - $35.00 | Weak | Intermediate swing highs post-spike. |
| $55.00 | $45.00 - $65.00 | Strong | The high volume rejection wick from the mid-2024 volatility spike. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Volatility Contraction | Neutral | N/A | Price action is compressing between the 50-week and 200-week SMAs with narrowing Bollinger Bands. |
| Weak | Base Building | Bullish | N/A | Long-term stabilization pattern following the post-2021 decline, characterized by higher lows in 2024. |
Frequently Asked Questions about GME
What is the current sentiment for GME?
The short-term sentiment for GME is currently Bullish because Price is holding support above the 200-week SMA (23.10) and the weekly MACD has executed a bullish crossover while RSI remains above 50.. 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 $22.86 and $19.56. 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 101/100. 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.