Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Gamestop Corporations's stock (GME) skidded in the intraday levels, trespassing the support of the 50-day SMA, and doubling negative pressures on upcoming trading, with negative signals from the RSI after reaching overbought levels, amid the dominance of the main downward trend in the medium term, marking a heavy loss of 17.89% in the last session, or 4.67 points, and settling at 21.44.
Therefore we expect more losses for the stock, targeting the pivotal support of 15.40, provided the resistance of 24.10 holds on.
Expected trend for today: Bearish