| GME latest price $26.6200 (-6.23%) ($26.5000 - $28.7500) on Wed. Nov. 2, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.68% (three month average) |
RSI | 55 |
Latest Price | $26.6200(-6.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | GME advances 0.9% a day on average for past five trading days. |
Weekly Trend | GME advances 4.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support GME advance at 0% a week (0% probability) IDRV(41%) IWO(41%) IWM(40%) IWN(40%) IWC(38%) |
Factors Impacting GME price | GME will decline at least -2.34% in a week (0% probabilities). TBT(-6%) EDOC(-6%) XLU(-3%) UUP(-3%) VIXM(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.34% (StdDev 4.68%) |
Hourly BBV | -2 () |
Intraday Trend | -4.6% |
| |
|
|