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GME Stage 4 downtrend deep base fails trend template, bearish

Posted on by Eben@CANSLIM Research
GME daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 4 (Declining), as of September 07, 2026 at 00:10 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

GameStop (GME) closed at $19.16 on September 4, 2026, entrenched in a Stage 4 decline with price below a falling 30-week moving average. The stock is forming a 47-week deep base with a 35.5% depth, a pattern historically associated with elevated failure rates. Market focus is on the failed trend template — only one of eight checks passed — and the absence of a valid VCP contraction sequence, reinforcing a bearish sentiment score of -8.

Technical Analysis

As of 2026-09-04 · Close $19.16

Stage Analysis

Stage 4 (Declining) — Price below a declining 30-week MA — downtrend (30-week MA 6-week slope: -3.08%)

Detected Patterns — What the Market Is Watching

  • Deep Base (>33% — elevated failure rate) — depth 35.5%, length 47 weeks, pivot $27.69. Base formed from 2025-10-01 (left-side high) to 2026-09-04, with the low of $17.87 set on 2026-08-28
  • Bear Flag below the 50-day moving average

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