GME: GameStop Daily Stock Analysis and Prediction Trend.



October 19, 2023

Overview: GameStop entered the Bearish zone four days ago and has since displayed a downward trend. Currently near the psychological support level of the Bearish zone, it's anticipated to weaken in selling pressure and transition into a rebound trend over the next 1-2 days. However, this rebound might be limited due to overall weak buying intensity. A modest and temporary uptick is likely. The mid-next week might witness a brief rebound, followed by another downward trend.

Long-Term Outlook: The sustained weakness in buying momentum suggests significant downside risk. Prospective gains remain low, and continual retesting of lows is possible. A more strategic entry point for long-term investment might be prudent, given the potential for a prolonged Bearish zone trend.

Market Correlation: GME demonstrates a 69% correlation with the broader market, indicating similarities in upward and downward movements. The overall market is predicted to start a rebound trend mid-next week after a further decline. GME's trajectory is likely to align, suggesting an opportunity for investors to adjust positions in anticipation of the impending downward trend after the temporary rebound expected next week.

This analysis is based on the market conditions as of October 19, 2023. Please note that stock market conditions are subject to rapid changes, and real-time data and analysis should be monitored closely.


Oct 19, 2023

Closed price

13.16

-4.98%

 

 

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

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Downtrend'. The OPEN-price started with a weaker decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price 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%,

Today's sell intensity is

-266%

 

 

Tomorrow'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 tomorrow

The %intensity of Risk & Return tomorrow :

-71%

HIGH ~ LOW % range tomorrow :

0.0%

-3.2%

Predicted Average loss over the next 3 days:

-1.7%

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%

 

 

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

It is expected that the overall trend movement over the next 10 days will follow a strong downward direction, 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 The Buy-Sell intensity has changed from a weak selling flow to a strengthening selling flow again.

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 'Sell(Bearish)' for now. The appropriate buying timing is predicted to be either today or tomorrow.

The buying date is

Oct 20

 

 

A good price to buy a stock:

$ 12.80

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

 

The selling date is

Oct 24

to

Oct 25

A good price to sell a stock:

$ 13.14

(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

The probability of a trend reversal occurring approximately 2 days from now, 9 days from now

68%

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

Price:

12.09

~

13.42

% Change:

-8.1%

~

2.0%

Median price between the upper and lower prices

12.76

-3.1%

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

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

Bearish

-32%

The Current trend zone & level%

Bearish

-75%

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

Bearish

-73%

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

36%

(Max 100%)

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

-84%

(Min -100%)

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

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a rebound trend

-71%

0.0%

-3.2%

In 2 days: Entering a rebound trend

33%

0.8%

-0.2%

In 3 days: Rebound trend

50%

4.0%

-0.6%

In 4 days: Entering a downtrend

27%

0.6%

-0.4%

In 5 days: Entering a downtrend

-100%

0.1%

-4.9%

In 6 days: Entering a downtrend

-85%

0.3%

-3.0%

In 7 days: Entering a downtrend

-100%

-0.3%

-3.9%

In 8 days: Entering a downtrend

-64%

-0.1%

-2.4%

In 9 days: Reversion to a rebound trend

27%

2.0%

-0.3%

In 10 days: Rebound trend

44%

3.0%

-0.1%

Average closing price in case of rising:

 

1.6%

=> HIGH ~ LOW range:

3.2%

~

-1.5%

Average closing price in case of falling:

 

-2.6%

=> HIGH ~ LOW range:

1.3%

~

-3.2%

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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