The sell signal stays under management, week 9
GameStop rebounds 1%, yet money flow hits a fresh low
The sell signal stays under management, week 9
Our view last week
GameStop flips last week's script: after a 4.9% rebound on 80% buying volume, sellers retook control this week with 89% of the trade and the stock gives back 5%. Money flow has slipped to -0.29, the weakest reading of the past four weeks, while the daily double bottom in the 21 area keeps holding its ground.
This week's summary
GameStop shares add back 1% this week, but the bounce comes grudgingly: 76% of the volume is still on the sell side, and money flow slips to a fresh four-week low. It's the direct follow-through from last week's 5% drop, when sellers took control with 89% of the trade. The double bottom in the 21 area keeps holding, though, and our technical analysis keeps tracking GameStop week by week among the US sell signals.
IQS Phase
76
in tension
Signal Strength
14
decline losing steam
Sizing
MINIMUM
Ranking
#103 / 140
US stocks
Trade P&L %
-1.39%
from signal to today
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