GameStop Technical Indicators Remain Neutral After 20+% Rally
Nine of 15 technical indicators tracked by moomoo are showing no obvious signal for $GameStop (GME.US)$, even after the stock closed more than 20% higher Monday.
Four technical indicators are negative, including OSC oscillator, which measures the difference between the current price and the average price over some time. That indicator, shown below, is signaling the stock is severely overbought and the trend is bearish.
In the options market, more than 236,000 contracts changed hands, landing GameStop in the top 5 stocks with the heaviest volume.
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Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Rusty Shackleford 1 : They are in on it. They already know RK options are going to raise the price dramatically
On Paris : Thank you
AlanTBD : Thx
kheldarX :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
indicator .lol. do your own due diligence..
Anka1625 : How about anchor vwap
guster-von : UNO cards aren’t technical indicators?
103009447 Rusty Shackleford 1 : RK option will push the price to where?