Open buy · week 3
GameStop gains 5.6% and leans on its 90-day high again, in the 25 area
Our view last week
GameStop logs a fourth straight weekly gain, +3.3%, but stalls below its 7-day high in the 25 area, and sellers edge ahead in the weekly bar. Weekly money flow, back in positive territory last week, slips below zero again. For GameStop stock the buy signal that fired 2 weeks ago is holding, with the trade up 10.6%, and the price action stays constructive: 3 higher lows on the daily chart.
This week's summary
GameStop gains 5.6%, its 5th straight weekly rise, and leans once more on its 90-day high, still in the 25 area where it stalled a week ago: the close has not cleared it. Weekly money flow, which slipped below zero last week, is back in positive territory and the MACD stays above its Signal line. For GameStop stock the buy signal that fired 3 weeks ago is holding, with the trade up 16.8%: in our technical analysis the price action stays constructive, one of the weekly buy signals on US stocks.
IQS Phase
66
in tension
Signal Strength
70
high · wide move
Sizing
FULL
Ranking
#25 / 93
US stocks in progress
Trade P&L %
+16.78%
from signal to date, no stop loss
GameStop (GME) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 25th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
GME belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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