Analyzing GME Weekly Trends Based on Buy/Sell Order Flow Intensity: Insights and Predictions
This analysis is based on the buy/sell order flow intensity of GME, predicting the weekly trend. In the first week of October, on October 2nd, GME's weekly closing price experienced a significant decrease of -8.38% compared to the previous week. It entered the Bearish zone for the 13th consecutive week, showing a cumulative decline of -34.3% in this zone. There was a rebound trend observed until three weeks ago, but currently, a downtrend is in progress.
However, starting from the second week of October (October 9th), GME is expected to form a short-term low point and enter a rebound trend. According to the current analysis system, the anticipated duration of this upcoming rebound period is approximately five weeks. Considering the weekly index trends, it is likely to be a relatively short-lived rebound, lasting around 2 to 3 weeks, before transitioning back into a downtrend. This transition is expected to occur around the week of October 16th to October 23rd, which marks a crucial turning point towards a downtrend.
While the weekly trend suggests a gradual upward movement within the ongoing weekly rebound trend due to GME being in the Bearish zone, the daily trend within this rebound is expected to show a moderate upward movement. However, given the strong potential for selling pressure, as time progresses, the downtrend intensity is anticipated to strengthen, resulting in fluctuations between declines and rebounds in the future.
Oct 02, 2023 | |||
◆ Closed price | |||
15.08 | -8.38% |
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◆ Appropriate Investment Position: Bearish-Sell [Long-term strategy] | |||
◆ This week's stock price Buy-Sell intensity analysis | |||
The current trend appears to be 'Downtrend'. The OPEN-price started with a suitable decline rate for the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a stronger decline rate than the current trend. | |||
The overall buy-sell intensity indicates that the sell intensity is stronger than the buy. | |||
Assuming that the average sell intensity is -100%, | |||
This week's sell intensity is | -153% | | |
◆ Next week's stock price Buy-Sell intensity Prediction | |||
Based on recent stock trends and technical analysis, it looks like GME stock will enter a Rebound trend next week | |||
The %intensity of Risk & Return next week : | -64% | ||
HIGH ~ LOW % range next week : | -0.4% | -5.1% | |
Predicted Average return over the next 3 weeks: | 4.7% | ||
The price of GME stock moves in line with the rise and fall of the stock market index with a probability of | 69% | | |
, and conversely, it moves against the stock market index trend with a probability of | 31% | | |
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◆ GME stock price 10 Week prediction [Short-term strategy] | |||
It is expected that the overall trend movement over the next 10 weeks will follow a sideways box pattern, with a ratio of 2 : 8 for the downward to upward direction, indicating a higher proportion of the upward trend. However, in terms of the expected strength of the upward and downward movements, the upward strength is moderate, while the downward strength is higher. Currently, it's in the midst of a downtrend characterized by a strong downward price momentum, with temporary rises and strong falls. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions. | |||
Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate buying timing is predicted to be this week or next week. | |||
The buying date is | Oct 09 | | |
A good price to buy a stock: | $ 14.34 | ||
And the appropriate selling timing is predicted to be in 6 weeks. | |||
The selling date is | Nov 06 | to | Nov 13 |
A good price to sell a stock: | $ 16.84 | ||
(Prediction may shift due to changes in the Buy-Sell intensity) | |||
◆ Volatility of Prediction | |||
Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility. | |||
◆ Prediction the turning point of the trend | |||
The probability of a trend reversal occurring approximately 2 weeks from now, 9 weeks from now | 40% | ||
◆ Prediction of Upper~Lower price range over the next 10 weeks | |||
Price: | 14.23 | ~ | 16.48 |
% Change: | -5.6% | ~ | 9.3% |
Median price between the upper and lower prices | 15.36 | 1.8% | |
◆ Analysis of the trend zone & level% and average intensity of trends | |||
For the last 30 weeks, the average trend zone & level% | Bearish | -11% | |
The Current trend zone & level% | Bearish | -58% | |
The expected average trend zone & level% for the next 10 weeks | Bearish | -38% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 33% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -83% | (Min -100%) | |
◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW | |||
Trend | %Intensity | HIGH | LOW |
In 1 week: Entering a rebound trend | -64% | -0.4% | -5.1% |
In 2 weeks: Entering a rebound trend | 47% | 10.0% | -0.5% |
In 3 weeks: Rebound trend | 33% | 4.6% | -1.0% |
In 4 weeks: Rebound trend | 38% | 7.1% | 0.1% |
In 5 weeks: Rebound trend | 3% | 8.0% | -2.8% |
In 6 weeks: Entering a downtrend | 30% | 5.6% | -1.5% |
In 7 weeks: Entering a downtrend | -100% | -0.5% | -10.1% |
In 8 weeks: Entering a downtrend | -96% | 2.1% | -10.8% |
In 9 weeks: Reversion to a rebound trend | -72% | -0.1% | -5.3% |
In 10 weeks: Rebound trend | 47% | 6.9% | 0.0% |
◆ Average closing price in case of rising: | | 8.6% | |
=> HIGH ~ LOW range: | 16.4% | ~ | -5.9% |
◆ Average closing price in case of falling: | | -6.7% | |
=> HIGH ~ LOW range: | 3.9% | ~ | -11.4% |
The 10-week prediction and technical analysis of GME stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis. |
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