GameStop Q4 Earnings Loom: Will Bullish Technicals Override Wall Street Skepticism?

GameStop Corp GME will report its fourth-quarter earnings on Tuesday. As the company reports after market hours, Wall Street expects 8 cents in EPS and $1.48 billion in revenues.

The stock is up 68.12% over the past year and down 17.09% year-to-date.

Let’s examine the charts for GameStop stock and how it currently compares to Wall Street estimates.

Read Also: GameStop Stock Poised For A Rebound? This Analyst Predicts Potential Price Uptick

GME Stock Strongly Bullish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

GameStop is displaying strong bullish momentum, with its share price of $25.381 trading above the five-day, 20-day and 50-day exponential moving averages (EMAs). This positioning signals ongoing buying pressure, reinforcing the stock's short-term uptrend.

Additionally, the stock is trading above its eight-day simple moving average (SMA) of $24.10 and its 20-day SMA of $23.89, both generating bullish signals. The stock is also above its 200-day SMA of $25.09, indicating long-term strength.

However, GameStop’s stock remains slightly below its 50-day SMA of $25.66, which technically flashes a bearish signal, suggesting some resistance at that level.

Despite these bullish readings, GameStop's Moving Average Convergence Divergence (MACD) indicator is at a negative 0.34, a bearish signal that hints at slowing momentum. Meanwhile, the Relative Strength Index (RSI) stands at 55.23, indicating neutral conditions—neither overbought nor oversold.

For investors, the strong moving average positioning suggests continued upside potential, but the negative MACD warns of possible near-term consolidation or pullback. Traders may look for a decisive break above the 50-day SMA to confirm further gains, while a drop below the 200-day SMA could weaken the current bullish trend.

GameStop Analysts See Downside Ahead

Ratings & Consensus Estimates: The consensus analyst rating on GameStop stock stands at an Underperform currently with a price target of $10.

Price Action: GameStop stock was trading at $25.75 at the time of publication.

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