GameStop stock: buy or sell
Updated on:
Mar 2nd, 2021
1
GameStop stock brief
- GameStop stock exploded 18.34% to close at $120.40 on the stock market on Monday.
- GameStop Corp. operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe.
Should I buy GameStop stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 $GME will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell GameStop stock?
"To sell or not to sell", if you are holding GameStop shares?. Similarly to when we have to buy shares, determining when is the best time to sell is not a random decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very simple to use and are only valid for selling stocks you already own, not for selling short GameStop stock
A guiding principle is that you must never keep an operation that generates losses greater than those expected by the time of purchase. The moment 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 green can keep their positions
GameStop ratings
In the previous 30 days we couldn't find any rating for GameStop
GameStop stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 in early February after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 57.86. Since then, GameStop price sank a 62.95%
GameStop stock price history
GameStop went public priced at an adjusted price1 of $6.48 on Feb 2002. Since then, GME stock has risen by 1,758.02%, with an average of 92.53% per year. An investment of $1,000USD on Feb 2002 would worth $18,580.25 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for GameStop stock
Nobody can predict how much a stock will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by brokerage institutions for the last 30 days. Again, these forecasts are not direct recommendations for small investors and must not be trusted blindly.
In the last month we couldn't find any price target published for GameStop stock.
Earnings and financials
GameStop ($GME) had the quarterly investors event and posted the report last December. GameStop presented earnings of $-0.53 per share on revenue of $1.0 billion. The market estimate was $-0.85 per share on revenue of $1.1 billion.
This compares to Earnings of $-0.49 per share a year ago, so posted EPS means a drop of -8.16%. Turnover sank a -30.16% on an annualized basis in the , from $14.4B to $10.0B last quarter.GameStop ($GME) will host the quarterly earnings call later this month. Expected for this quarter is $1.35, compared to $-0.53 that was reported for Q3.
GameStop competitors
GameStop is part of the Specialty Retail industry and the Consumer Cyclical sector. Its major competitor is AT&T($T), which in the last 3 months has had a performance of -3.10%, compared to GameStop which made a 687.40%.
GameStop performance
To better understand GameStop stock performance you must compare its gains with other related stocks in same sector or industry.. For GameStop, the benchmark is made against AT&T.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| GameStop ($GME) | -68.30% | 687.40% | 2,171.70% |
| AT&T ($T) | -3.90% | -3.10% | -3.70% |
Important:
The viewpoints contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the particular circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for educative motives onlyGameStop summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $104.54 |
| Close | $120.4 |
| Day range | $99.97 - $133.99 |
| Previous close | $101.74 |
| Session gain | 18.34% |
| Average true range | $25.70 |
| 50d mov avg | $62.67 |
| 100d mov avg | $37.62 |
| 200d mov avg | $21.47 |
| Earnings date | March 25th, 2021 |