GameStop stock: buy or sell

GME stock price: $159.92 -2.78% At close on May 14th, 2021

Updated on:
May 17th, 2021

1

GameStop stock brief

  • GameStop stock sank -2.78% to close at $159.92 on the stock market last Friday.
  • GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe.

Should I buy GameStop stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $GME stock a buy?

In the current situation of GameStop there is not any eligible buy setup. This doesn't mean we expect a selloff for $GME in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell GameStop stock?

When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the good moment to sell and get your profits. Trading strategies let us to avoid impetuous decisions based on our moods or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups are not intended for shorting $GME stock

A guiding principle is that you should never hold a trade that produces greater losses than those expected by the time of purchase. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell GameStop stock?

In the current situation of GameStop there is not any eligible sell setup, so GameStop stock holders with operations in profit can keep their positions

GameStop ratings

In the last month, just one brokerage rating was published for GameStop

GameStop analysts' ratings - Last month
Brokerage firmRating
Apr 19th, 2021
Ascendiant Capital Markets NeutralStrong sell

GameStop stock analysis

SMAs overview

GME stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $188.00 (17.56% above)
  • R2: $348.50 (117.92% above)
  • R3: $483.00 (202.03% above)
  • The current support levels are:

  • S1: $136.50 (-14.64% below)
  • S2: $116.90 (-26.90% below)
  • S3: $41.36 (-74.14% below)
  • Bollinger bands

    GME stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 49.43. GameStop shares dropped a 39.54% since then

    GME stock RSI chart

    GameStop stock price history

    GameStop started trading priced at an adjusted price1 of $6.48 on Feb 2002. Since then, GME stock surged by 2,367.90%, with an average of 124.63% per year. An investment of thousand dollars at that time would be valued $24,679.01 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    GME stock price history chart

    Price target for GameStop stock

    Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and usually. Again, these estimates are not direct recommendations for small traders and must not be followed blindly.

    In the last month we couldn't find any price target published for GameStop stock.

    GameStop stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Ascendiant Capital Markets Not available

    Earnings and financials

    Last March, GameStop ($GME) had the earnings call and released the report. GameStop presented earnings of $1.34 per share on sales of $2.1 billion. The consensus earnings estimate was $1.35 per share on revenue of $2.2 billion.

    For comparison, the EPS for the same quarter last year was $1.27, so posted EPS is a increase of 5.51%. Looking at revenue, figures only changed compared to $21.9B same quarter 12 months ago.

    GameStop ($GME) is releasing earnings report early next June. Wall Street analysts expect of $-0.68, that is a 150.75% lower than previous quarter.

    GameStop competitors

    GameStop belongs to the Consumer Cyclical sector and the Specialty Retail industry, which contain industry peers.

    GameStop main competitors are:

    GameStop competitors
    CompanyMarket capRatingBullish ratings1
    GameStop ($GME) $13.6B Strong sell 0
    Apple ($AAPL) $2.0T Strong buy 20
    AT&T ($T) $214.7B Buy 2
    Best Buy ($BBY) $28.1B Neutral 0

    1 In the last 30 days.

    GameStop performance

    To better understand GameStop performance you must compare its gains with other related stocks in same sector or industry.. For GameStop, the benchmark is made against Apple, AT&T and Best Buy.

    GME performance compared
    Company1m3m6m
    GameStop ($GME) 2.50% 203.70% 1,262.20%
    Apple ($AAPL) -4.90% -5.80% 6.90%
    AT&T ($T) 7.80% 13.80% 17.10%
    Best Buy ($BBY) 0.40% 0.50% 6.40%

    Disclaimer:
    The viewpoints published in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the specific scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for general educational motives only

    GameStop summary

    Friday, May 14th, 2021
    Open$160
    Close$159.92
    Day range$156.22 - $166.47
    Previous close$164.5
    Session gain-2.78%
    Average true range$16.53
    50d mov avg$178.12
    100d mov avg$123.73
    200d mov avg$66.65
    Earnings dateJune 8th, 2021

    Frequently asked questions

    What is GameStop stock symbol?

    GameStop Corp. is a public company trading in the US stock market with the GME symbol

    Is GameStop stock a buy or sell?

    GameStop had one rating in the last 30 days Read the article to get additional tips on trading GME stock.

    Will GME go up?

    There were no forecasts posted by market analysts in the last 30 days for GameStop.