GME, MACD Histogram just turned negative

5 Şub 2021

This is a Bearish indicator signaling GME.B's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 43 similar cases where GME.B's MACD histogram became negative, and 38 of them led to successful outcomes. Odds of Success: 88%. Current price $53.50 is above $12.46 the highest support line found by Tickeron A.I. Throughout the month of 01/04/21 - 02/04/21, the price experienced a +210% Uptrend, while the week of 01/28/21 - 02/04/21 shows a -72% Downtrend.

Bearish Trend Analysis
The 10-day RSI Indicator for GME.B moved out of overbought territory on February 01, 2021. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In 31 of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at 86%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GME.B declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.

GME.B broke above its upper Bollinger Band on January 29, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.