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Gamestop price pierces pivotal resistance - Forecast today - 12-09-2025

Economies.com
2025-09-12 12:57PM UTC
AI Summary
  • GameStop stock broke above key resistance level of 24.50, increasing chances of extending short-term bullish trend
  • Positive momentum supported by trading above previous 50-day SMA and Stochastic indicators
  • High-risk warning due to speculative nature of "meme stocks," but forecast remains bullish with potential target of 28.40 resistance level

GameStop Corporation (GME) stock extended its gains in its latest intraday trading, successfully breaking above the key resistance level of 24.50. This significantly increases the chances of extending the short-term corrective bullish trend, especially with the stock continuing to trade above its previous 50-day SMA, which provides renewed positive momentum. Additional support comes from positive signals in the Stochastic indicators, despite being in strongly overbought territory.

 

High-risk warning: GME belongs to the so-called “meme stocks,” which are characterized by extreme speculative trading. As a result, the stock’s movement often deviates from technical expectations or financial reports and can sometimes be highly unpredictable.

 

Therefore, we expect the stock to rise in its upcoming trading, provided it confirms the breakout of the mentioned resistance at 24.50 and holds above it, to then target its next resistance at 28.40.

 

Today’s price forecast: Bullish.

Forecast update for Ethereum -12-09-2025

Economies.com
2025-09-12 11:50AM UTC

The price of (ETHUSD) witnessed fluctuated trading in its last intraday levels, amid its attempts to gain bullish momentum and offloading some of its clear overbought conditions on the (RSI), amid the dominance of the minor bullish trend and its trading alongside supportive bias on the short-term basis, taking advantage of its continuous trading above EMA50, reinforcing the stability of the positive scenario on the near-term basis.

 

 

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

 

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Forecast update for Bitcoin -12-09-2025

Economies.com
2025-09-12 11:48AM UTC

The price of (BTCUSD) declined in its last trading on the intraday levels, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, to offload some of its overbought conditions on (RSI), especially with the emergence of the negative signals from them, amid the continuation of the bullish correctional trend on the short-term basis.

 

 

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

 

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Forecast update for Brent crude oil -12-09-2025

Economies.com
2025-09-12 11:45AM UTC

Brent Crude oil prices witnessed sharp decline in their last intraday trading, supported by positive divergence on the (RSI), after reaching oversold levels, with the emergence of the positive signals, surpassing the negative pressure of the EMA50, accompanied by breaching a minor bearish trend line on the short-term basis, providing more of the positive momentum.

 

 

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

 

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