GameStop's Road Ahead: Assessing Market Dynamics and Investment Opportunities.

  GameStop (GME) Daily Trend Analysis and Future Outlook.



Introduction: In recent weeks, GameStop's daily stock prices have displayed a consistent pattern of bearish trends, characterized by significant declines and limited upward movements within the bearish zone. This zone signifies strong selling pressure and weak buying interest. Consequently, prolonged downtrends and limited, temporary upward movements have been observed. Considering these trends, a prudent investment approach involves cautious selling and observing market developments while awaiting opportune moments for purchasing.

Current Analysis: The recent market activity demonstrates strong bearish sentiment, with a potential for substantial losses if the downtrend continues. However, short-term indicators suggest a temporary resurgence in buying interest, leading to a notable 8.59% increase in stock prices. While this surge indicates a strengthening buying sentiment, it is likely to stabilize in the next 2-3 days, possibly transitioning into a period of minor declines.

Short-Term Outlook: In the short term, the market might experience a brief consolidation phase, maintaining its current position. If additional buying interest enters the market during this period, it could establish a stable price range, offering an opportunity for strategic low-price purchases.

Medium to Long-Term Strategy: From the upcoming week into mid-November, a stronger buying sentiment is anticipated, potentially propelling the stock into the bullish zone. This phase could mark the beginning of a robust upward trend. However, caution is advised beyond mid-November, as the buying strength might weaken, leading to a possible return to the bearish zone.

Market Interconnectedness: It is crucial to acknowledge the stock's high correlation (70%) with the overall US market. Consequently, any fluctuations in the broader market could influence the timing and direction of the predicted trends. Vigilance and adaptability are key when considering the dynamic nature of market interconnections.

Conclusion: In summary, GameStop's daily trends indicate a delicate balance between bearish and bullish forces. Short-term fluctuations might present opportunities for strategic investments, but careful monitoring of market dynamics and a keen understanding of the broader market movements are essential for making informed decisions. Investors are advised to remain vigilant, considering the interconnectedness with the US market, and to adapt their strategies accordingly to navigate the evolving landscape of GameStop's stock prices.


Oct 31, 2023

Closed price

13.77

7.58%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Rebound trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a stronger upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

412%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like GME stock will enter a Downtrend tomorrow

The %intensity of Risk & Return tomorrow :

-68%

HIGH ~ LOW % range tomorrow :

0.7%

-1.5%

Predicted Average loss over the next 3 days:

-6.9%

The price of GME stock moves in line with the rise and fall of the stock market index with a probability of

70%

 

, and conversely, it moves against the stock market index trend with a probability of

30%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

GME stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow an ascending rectangle pattern, with a ratio of 0 : 10 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 somewhat higher, while the downward strength is higher. Currently, it's in the midst of a rebound trend in an upward-trending market with a box pattern of price fluctuations, marked by small declines and upward fluctuations. and The Buy-Sell intensity has changed from a strong selling flow to a suddenly strengthening buying flow.

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 selling timing is predicted to be either today or tomorrow.

The selling date is

Nov 01

 

 

A good price to sell a stock:

$ 13.78

And the appropriate buying timing is predicted to be in 4 days.

 

The buying date is

Nov 03

to

Nov 06

A good price to buy a stock:

$ 12.88

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

Prediction the turning point of the trend

None

 

Prediction of Upper~Lower price range over the next 10 days

Price:

13.01

~

14.56

% Change:

-5.5%

~

5.7%

Median price between the upper and lower prices

13.78

0.1%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-43%

The Current trend zone & level%

Bearish

-29%

The expected average trend zone & level% for the next 10 days

Bullish

41%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

57%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-74%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a downtrend

-68%

0.7%

-1.5%

In 2 days: Entering a downtrend

-97%

0.2%

-3.7%

In 3 days: Entering a downtrend

-100%

0.1%

-3.6%

In 4 days: Reversion to a rebound trend

-93%

0.0%

-2.0%

In 5 days: Uptrend

87%

6.2%

-0.6%

In 6 days: Uptrend

96%

6.5%

-0.2%

In 7 days: Uptrend

41%

2.7%

0.0%

In 8 days: Entering a correction trend

4%

1.8%

-0.7%

In 9 days: Entering a correction trend

-38%

0.6%

-2.0%

In 10 days: Entering a correction trend

-50%

0.2%

-2.8%

Average closing price in case of rising:

 

2.9%

=> HIGH ~ LOW range:

4.1%

~

-1.6%

Average closing price in case of falling:

 

-2.5%

=> HIGH ~ LOW range:

0.9%

~

-3.4%

The 10-day 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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