GUESSING THE INCREMENTAL INCREASE PER DAY OF GME
Good Afternoon,
I was bored and been making this chart for some time now for fun to see if I could kind of guess the incremental increase of GME per day, if theoretically it was being burrowed and interest was indeed being put on GME, due to some kind of shorting or something. I don't know I am no market maker, just some ape who eats a crayon or 2. Well anyway, I got into a conversation with u/sprintbooks about the price of GME and how much it went up per day and he was interested in seeing the chart I had made, so I am posting this so all can have a look at. I will go over my math with you so you can check it out too, if you desire. All Information provided is purely for fun, and nothing of this is financial advice. Thank You. All GME lowest stock prices were taking from Yahoo Finance.
FIGURING OUT THE INCREMENTAL PRICE INCREASE OF GME PER DAY
First thing I did was find the lowest price of GME since the beginning of the year right before the initial spike up to $300+. This was on Jan 8th for $17.08 I used this as my starting point for tracking the incremental growth per day. Now that I got the starting point I used the difference of the price of any given day and divide that by how many days passed (excluding weekend and holidays that the stock market was closed in the USA).
For Example: Jan 21st the lowest price was $37 and the difference between that and Jan 8th price of 17.08 is a price difference of $19.92 and 8 market day has passed so I divided 19.92 by 8 and got a incremental increase per day of $2.49.
This is how I came up with the chart below.
GME INCREMENTAL INCREASE PER DAY (SINCE 1/8)
GME INCREMENTAL INCREASE PER DAY (LAST 30 DAYS)
CHECKING THE INCREMENTAL INCREASE PER DAY BASED ON GME PRICE
Next, I took the lowest incremental day since Jan 8th which happens on Feb 23rd for a low price of $40 and a incremental increase per day of $0.764, I used the incremental number and added it on each day since Jan 8th to create the red line which I believe is the lowest they can possibly drop it on any given day. The green line represents the most recent lowest incremental price since Feb 23rd which happen Aug 5th for a price of 145.22 or a incremental increase per day of $0.902394 a day. (I don’t know if this is going to be the new incremental increase right now but if it continues to stay true this could potentially be and will also, give me an ideal of how much interest is being added on top of the incremental increase each day since Feb 23rd but again we will have to wait and see). I than placed the lowest price of GME each day on the chart to see how it look as shown in the chart below.
GME PRICE PREDICTION (SINCE 1/8)
GME PRICE (PREDICTION (LAST 30 DAYS)
TLDR:
Based on the lowest price of GME since Jan 8th that the LOWEST price GME could hit on any day looks like it is going up each day by about $0.764 - $0.902394. As of this moment this is holding true and is interesting to see if it continues holding true going forward.
Posted Aug 7, 2021, 9:43 PM UTC · edited
[deleted]
Thanks I glad you enjoy the post.
You the man