GameStop Corp Stock Forecast - Daily Balance Of Power
| GME Stock | USD 26.50 1.50 5.36% |
GameStop Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GameStop Corp stock prices and determine the direction of GameStop Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of GameStop Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although GameStop Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of GameStop Corp's systematic risk associated with finding meaningful patterns of GameStop Corp fundamentals over time.
Check out Historical Fundamental Analysis of GameStop Corp to cross-verify your projections. GameStop |
Open Interest Against 2024-06-07 GameStop Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast GameStop Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in GameStop Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for GameStop Corp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current GameStop Corp's open interest, investors have to compare it to GameStop Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of GameStop Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in GameStop. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in GameStop Corp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the GameStop Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets GameStop Corp's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of GameStop Corp market sensitivity to bulls and bears. It estimates the ability of GameStop Corp buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring GameStop Corp Balance of Power indicator one can determine a trend of the price direction.| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.4358 | (0.42) |
| Check GameStop Corp Volatility | Backtest GameStop Corp | Trend Details |
GameStop Corp Trading Date Momentum
| On August 18 2022 GameStop Corp was traded for 37.93 at the closing time. Highest GameStop Corp's price during the trading hours was 40.07 and the lowest price during the day was 37.34 . The net volume was 8.1 M. The overall trading history on the 18th of August 2022 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 6.39% . The overall trading delta to current price is 15.33% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare GameStop Corp to competition |
Other Forecasting Options for GameStop Corp
For every potential investor in GameStop, whether a beginner or expert, GameStop Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GameStop Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GameStop. Basic forecasting techniques help filter out the noise by identifying GameStop Corp's price trends.GameStop Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with GameStop Corp stock to make a market-neutral strategy. Peer analysis of GameStop Corp could also be used in its relative valuation, which is a method of valuing GameStop Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
GameStop Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of GameStop Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of GameStop Corp's current price.| Cycle Indicators | ||
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| Volume Indicators |
GameStop Corp Market Strength Events
Market strength indicators help investors to evaluate how GameStop Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GameStop Corp shares will generate the highest return on investment. By undertsting and applying GameStop Corp stock market strength indicators, traders can identify GameStop Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 26.5 | |||
| Day Typical Price | 26.5 | |||
| Price Action Indicator | (0.75) | |||
| Period Momentum Indicator | (1.50) |
GameStop Corp Risk Indicators
The analysis of GameStop Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in GameStop Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gamestop stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 8.07 | |||
| Semi Deviation | 7.39 | |||
| Standard Deviation | 14.84 | |||
| Variance | 220.3 | |||
| Downside Variance | 78.91 | |||
| Semi Variance | 54.64 | |||
| Expected Short fall | (10.43) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in GameStop Stock
When determining whether GameStop Corp is a strong investment it is important to analyze GameStop Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GameStop Corp's future performance. For an informed investment choice regarding GameStop Stock, refer to the following important reports:Check out Historical Fundamental Analysis of GameStop Corp to cross-verify your projections. For information on how to trade GameStop Stock refer to our How to Trade GameStop Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Computer & Electronics Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GameStop Corp. If investors know GameStop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GameStop Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.259 | Earnings Share 0.02 | Revenue Per Share 17.282 | Quarterly Revenue Growth (0.19) | Return On Assets (0.01) |
The market value of GameStop Corp is measured differently than its book value, which is the value of GameStop that is recorded on the company's balance sheet. Investors also form their own opinion of GameStop Corp's value that differs from its market value or its book value, called intrinsic value, which is GameStop Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GameStop Corp's market value can be influenced by many factors that don't directly affect GameStop Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GameStop Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GameStop Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GameStop Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.