GME Analysis: Technical Analysis & RSI Settings

GameStop Corp. (GME) Technical Analysis & RSI Settings

Executive Summary:

GameStop Corp. (GME) is currently trading at a real-time price of $23.0. As a Wall Street Senior Technical Analyst, it is important to assess the stock's potential future movements based on technical analysis and Relative Strength Index (RSI) settings.

Technical Analysis:

• Support Levels: The immediate support level for GME is seen at $22.50, followed by a stronger support at $20. If the stock breaks below $20, the next support level is around $18.
• Resistance Levels: On the upside, GME faces resistance at $24.50, with a major resistance zone between $26-$28. A break above $28 could lead to a test of the $30 level.

RSI Settings:

The RSI is currently at 45, indicating a neutral stance for GME. A move above 50 could signal a bullish momentum, while a drop below 40 may indicate a bearish trend.

Price Targets for GameStop Corp. (GME) for 2025-2027

Conclusion:

Based on the technical analysis and RSI settings, it is recommended to SELL GameStop Corp. (GME) at the current price of $23.0 with a target price of $20 in the short term. However, long-term investors may consider buying at lower support levels for potential upside gains in the future.