Sell signal: week 10 under management
GameStop drops 3.3% as sellers retake control of the decline
Sell signal: week 10 under management
Our view last week
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.
This week's summary
GameStop shares drop 3.3% this week, with sellers commanding 95% of the volume — the most extreme reading of the past 4 weeks. Last week's 1% bounce faded fast: the decline stays under management at 10 weeks, while money flow ticks up slightly and the weekly RSI slips to 43.5. Our technical analysis keeps tracking GameStop among the US sell signals.
IQS Phase
86
in tension / maturity
Signal Strength
22
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#103 / 141
US stocks
Trade P&L %
+1.95%
from signal to today
Rank position
ranks 103rd among the 141 sell signals for US stocks in our ranking, with a signal strength of 22 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
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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