[Music] is it time to buy or sell GameStop stock in this video we will explore GameStop in depth our initial report was published on our website on Wednesday the 11th of September 2024 and now we are here to provide you with an even more detailed analysis remember to subscribe hit the like button and turn on the notification Bell to stay updated on our latest analysis you don't want to miss any crucial updates that could impact your Investments enhance your trading Decisions by trying our newly launched AI stock analysis tool powered by gp4 stockinvest.us tap into the power of AI and receive complimentary price predictions and in-depth analysis for anyone among 25,000 companies worldwide today please note that this video is for informational purposes only and should not be considered as Financial advice since the 11th of September 2024 our system has ranked GameStop as a strong cell candidate assigning it a score of -5.3 now let's examine the Stock's performance during this time frame we will continue to monitor this evaluation to observe how it develops in the days ahead the stock is currently positioned within a broad and declining Trend over the short term indicating that further declines are likely the current 3-month Trend suggests a potential decrease of approximately 15.32% over the next 3 months with possible returns ranging from Nega 21.11% to positive 4.85% in terms of the 12-month Trend it indicates a change of 2788 over the coming year with potential returns between -13% and positive 22520 per. this translates to a price range between 1851 and 67.2 after 1 year our latest daily update for GameStop features the headline is GameStop stock still a buy after falling nearly 12% on Wednesday on the last trading day which was Wednesday the 11th of September 2024 the GameStop stock price decreased by nearly 12% dropping from $23.45 to $20.64 throughout the day the stock experienced fluctuations of 9% with a low of $19.32 and a high of $21.9 the price has shown volatility over this period resulting in a slight loss of less than 1% over the past 2 weeks notably trading volume increased on the last day by 14 million shares although this occurred alongside falling prices this could be viewed as an early warning sign suggesting a slight increase in Risk over the next few days in total 29 million shares were traded amounting to approximately 592 m850 th000 looking back over the past 52 weeks the highest stock price recorded was $64.80 while the lowest was $9.95 currently the price is approximately 68% or $449 below the 52- we high and nearly 96% or $462 36 Cents below the all-time high reached on January 28th 2021 when the price soared to $483 analyst ratings on Friday the 17th of May 2024 it was reported that wedbush assigned GameStop a underperform grade with a hold action on Monday the 25th of March 2024 it was reported that wedbush again assigned GameStop a underperform grade with a hold action on Friday the 2nd of September 2022 it was reported that Raymond James assigned GameStop a neutral grade with a hold action on Thursday the 18th of August 2022 it was reported that wedbush assigned GameStop a underperform grade with a downgrade action on Friday the 22nd of July 2022 it was reported that wedbush assigned GameStop a underperformed grade with a hold action analysts have assigned GameStop stock a General sell rating they consider the price to earnings ratio to be a sell and the price to book ratio is also rated as sell regarding return on investment analysts rate the stock with a sell as well the following signals have been identified for GameStop additionally there is a Buy Signal from the 3-month moving average convergence Divergence or macd however some negative signals have also been issued which may influence the short-term development of the stock currently GameStop stock reflects sell signals from both short and long-term moving averages indicating a more negative outlook during upward Corrections resistance is expected at levels of $22 84 and $22.28 a breakout above either of these levels would trigger buy signals a cell signal emerged from a pivot top point on Monday the 9th of September 202 4 and so far the stock has dropped by 14.89% further declines are indicated until a new bottom pivot is established volume increase despite falling prices yesterday which may serve as an early warning suggesting that the stock should be monitored more closely here are some other signals you might find interesting moving average convergence Divergence Buy Signal pivots sell signal 3day days ago Ballinger Buy Signal 3 days ago short-term moving average sell signal 2 days ago long-term moving average sell signal 2 days ago the relationship between the short and long moving averages indicated a Buy Signal 4 days ago when we examine the 12-month chart we can see short moving average sell signal 2 days ago the long-term moving average sell signal 2 days ago the relationship between the short and long moving averages revealed a Buy Signal 10 days ago remember to visit our page at stockinvest.us if you want to find more signals support risk and stop-loss for GameStop GameStop finds support from accumulated volume at $9.90 this level may present a buying opportunity as an upward reaction can be anticipated when the support is tested the stock experiences average movements throughout the day and with a healthy trading volume the associated risk is deemed medium over the last day the stock fluctuated by $177 between its high and low which is a change of 9.16% in the past week the stock has exhibited daily average volatility of 8.28% before we dive into the potential trading levels for GameStop let's quickly cover some essential fundamental data first the price earnings ratio or PE ratio this crucial ratio measures a company's current share price relative to its per share earnings this extremely high PE ratio suggests that the stock may be overvalued however it's not uncommon for technology companies or those with significant Market potential to have such elevated ratios in other news the next earnings report for the fourth quarter of 2024 is expected on the 4th of December 2024 analysts consensus estimates are at 1 cent keep an eye on these figures as they can greatly influence stock prices now let's discuss some potential day trading levels for GameStop in the event of an upward Trend the first resistance level for GameStop is at $24.70 if you do not currently own any shares you might consider waiting for this level to be surpassed before entering a position for those who already hold the stock this could serve as a point to contemplate swing trading conversely on the downside GameStop encounters its first support level at $19.90 if this support level remains intact it could present a favorable entry point anticipating a potential rebound the combined average rating for GameStop from various analyst sources is to sell now let's examine from recent Insider trades on the 8th of July 2024 Chang Lawrence executed an Insider purchase of 4,140 shares of class a common stock on the 1st of July 2024 more Daniel William made an Insider purchase of 21,1 152 shares of class a common stock on the 2nd of July 2024 Moore Daniel William conducted an Insider sale of 403 shares of class a common stock on the 1st of July 2024 Moore Daniel William executed another Insider purchase of 4,897 shares of class a common stock on the 1st of July 2024 Robinson Mark Heyman carried out an Insider purchase of 11,754 shares of class a common stock analyzing the 100 most recent Insider trades reveals a positive Insider power with a ratio of approximately 40 2926 in total insiders acquired 1,747 478 shares and sold 2,530 785 shares in these last 100 trades our assessment of this stock is unfavorable and there is currently no stop loss in place is GameStop stock a good buy GameStop exhibits several negative indicators and is currently in a broad and declining Trend therefore we anticipate that it will continue to perform poorly in the coming days or weeks as a result we maintain a negative outlook on this stock due to minor weaknesses in the technical analysis we have revised our evaluation from a buy to a strong sell after examining the volatility and trading patterns from the last trading day our systems conclude that the current price is inflated for trading on Thursday the 12th of September we expect GameStop to open lower by 290 starting at $20.35 it is important to remember that trading carries a significant risk of financial loss we strongly encourage you to consult with a qualified financial adviser prior to making any decisions regarding the purchase or sale of Securities your investment choices should not rely solely on the information provided by stockinvest.us by utilizing this information you accept full responsibility for your own investment decisions this is our current view of the stock do you agree or disagree please comment below and share your thoughts what is your target for the stock remember to like And subscribe we wish you successful trading and hope you have a wonderful day with warm regards from all of us here at stock invest