GameStop Corp. Stock: GME Stock Price to Return Now and Surge $30?

GME stock price has been slipping from 21st February and might revert back now from the current level, says analysts.
GME share price has dipped below 20, 50, 100 and 200-days Daily Moving Average.
GameStop Corp. (NYSE: GME) stock price has lost more than 10% during this declining streak over the daily time frame chart.

GME stock price might revert back from the support zone to rally towards the $30 recovery level, according to analysts. Meanwhile, GME share price has been declining with strong downtrend momentum and dropped till $19.54. The primary support level for GME share price might bet support from $19.50 to recover till $25 primary resistance level. If GME stock price is ready to break out of the primary resistance level of $25 then GME shares may reach $30 recovery level as per the analysis.

GME stock price was at $19.54 and has lost around 2.98% of its market capitalization during Friday’s trading session. Trading volume can be seen below average and needs to grow during the Monday’s trading session.

GME stock price has slipped around 11.17% during the declining streak from 21 February and now trying to get support at $19.54. Meanwhile, GME share price needs to sustain at $19.50 and must start its recovery for $25 resistance level.

However, volume change has been below average and needs to grow during Monday’s trading session. GME share price might return towards the $25 level if it gets support from $19.50. Meanwhile, GME share price has dipped below 20, 50, 100 and 200-days Daily Moving Average.

GME stock price has lost around 8.13% in a week and 5.10% in a month this signifies that GME might slip more. However, GME share price has started its recovery from the start of 2023 as GME share price has recovered around 4.83% Year to Date.

Will GME Stock Price Reach $30?

GME stock price has been slipping with the current declining streak over the daily time frame chart. GME share price needs to attract more buyers in order to return towards the upper recovery level. Moreover, if GME share price breaks out of the primary resistance level of $25.00 then might surge towards the $30.00 recovery level.

Technical indicators suggest the declining momentum of GME share price. Relative strength index showcases the downtrend momentum of GME shares. RSI was at 44 and was moving towards oversold territory. MACD exhibits the downside trend of GME share price. The MACD line is below the signal line after a negative crossover. Investors in GameStop Corp. (NYSE: GME) stocks need to wait until the GME share price surges towards the upper primary resistance level of $25.

Summary

GME stock price might revert back from the support zone to rally towards the $30 recovery level, according to analysts. Meanwhile, GME share price has been declining with strong downtrend momentum and dropped till $19.54. GME share price has slipped around 11.17% during the declining streak from 21 February and now trying to get support at $19.54. Technical indicators suggest the declining momentum of GME share price. Investors in GameStop Corp. (NYSE: GME) stocks need to wait until the GME share price surges towards the upper primary resistance level of $25.

Technical Levels

Support Levels: $19.50 and $18.00

Resistance Levels: $25.00 and $30.00

Disclaimer

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