Yesterday I posted a comprehensive update on GME's relationship with the 420-day moving average since Keith Gill's return in May 2024. A commenter (shoutout to u /Icy-Paleontologist97) asked me to look into what the 420 MA was doing back in April-August 2020. I dug into it this morning and found some interesting data worth sharing.

This is a follow-up to yesterday's post. If you haven't read that one, the short version is: the 420-day MA has acted as a remarkably consistent support level since KG's return, the 420 daily and 69-week MAs are currently converging within $0.07 of each other at ~$24.40, and KG updated his Stocktwits to a Pro membership on 4/26/26, exactly two years after his original Stocktwits activity on 4/26/24 that preceded the whole run. Go check it out for the full context.

This post is about what happened before all of that.

The history nobody was talking about

Let's go back to November 13th, 2015. Friday the 13th.

That's the day GME closed below the 420-day moving average. It would stay below it for just under 5 years.

For most of that stretch, nobody was paying attention to the 420 MA. There was no meme stock movement, no Roaring Kitty, no Reddit army. It was just a declining stock that had broken below a moving average that happened to have a funny number attached to it.

January 18th, 2019

During that 5-year stretch below the 420 MA, there was one moment where price tried to break back above it.

January 18th, 2019.

That day, the intraday high reached $4.23, briefly poking above the 420 MA before closing back below it. The breakout attempt failed.

The 420-day moving average that day was $4.20.

The first and only intraday test of the 420 MA during that entire 5-year stretch, and the MA itself happened to be sitting at $4.20. Worth noting.

1/18/19: The only intraday test of the 420 MA during the 5-year drought. High of $4.23, closed below. The 420 MA that day: $4.20.

420 MA on the daily chart from 2015-2020. The crosshair marks 1/18/19 — the one moment price tried to break through during the entire 5-year stretch below the line.

69-week MA on the weekly chart for the same period. Price spent years below both MAs before the eventual breakout.

August 31st, 2020

Fast forward to August 31st, 2020. After nearly 5 years below the line, GME finally broke above the 420 MA convincingly. The 420 MA that day was $1.58.

That was the starting gun. Things got very interesting after that.

8/31/20: GME closes above the 420 MA for the first time in nearly 5 years. The 420 MA that day: $1.58. What followed is well documented.

How this connects to right now

Here's the full timeline of GME and the 420 MA:

📉 11/13/15: Breaks below the 420 MA. Friday the 13th.

📈 1/18/19: Only intraday test during the 5-year drought. High of $4.23, couldn't hold. 420 MA that day: $4.20.

📈 8/31/20: Finally breaks above convincingly. 420 MA: $1.58. The run begins.

📉 8/19/22: Breaks below again. 420 MA: $37.65. Spends 21 months under it.

📈 5/13/24: KG returns. GME reclaims the 420 MA. 420 MA: $19.13. Holds above it for 295 consecutive trading days.

📉 8/1/25: Pattern breaks down. Extended period below the MA through early 2026.

📈 4/15/26: Reclaims the 420 MA again. Currently 12 trading days above it.

And as of today:

• 420-day MA: $24.46
• 69-week MA: $24.39
• Gap between them: $0.07, the closest they've been in this dataset going back to 2021

What does any of this mean?

Honestly? I have no idea. I'm a sped teacher, not a quant.

What I can say is that the 420 MA has been a significant level for GME going back to at least 2015, well before meme stocks were a thing. The $4.20 MA on the day of the only intraday test during that 5-year stretch is an interesting data point. It happened before anyone was paying attention to meme numbers.

Whether any of this matters for future price action I genuinely can't say. The 420 MA has been reclaimed before and lost again. I said that clearly yesterday and I'll repeat it today. Twelve trading days above a moving average is not a guarantee of anything.

But the historical context keeps getting more interesting the deeper I dig. Make of it what you will.

🌿

Methodology note: Historical data sourced from Nasdaq. Moving average calculations and post organization assisted by Claude. Observations and interpretations are my own. Credit to u /Icy-Paleontologist97 for prompting the dig into the pre-2021 history.

420MA Daily Chart: April 2024-2026

69MA Weekly Chart: April 2024-April 2026

A note on methodology: I used Claude to help organize and calculate the moving average data and structure this post. All of the underlying price data is sourced directly from Nasdaq. Claude helped me crunch the numbers and put my thoughts in order. The observations and interpretations are my own.

Hey everyone. If you're new to these posts, I'm just a special education teacher who enjoys digging into charts when I have downtime. Not a financial advisor, not even close to a competent trader. Just someone who noticed a pattern and has been logging it ever since.

This one's a longer post than usual because a lot has happened since my last update. I'll try to break it down cleanly.

Quick background

Since Keith Gill's return on 5/13/24, GME's 420-day simple moving average has acted as an unusually reliable level. In the first stretch after his return, price held above it for 295 consecutive trading days (5/28/24 – 7/31/25), with the intraday low only dipping below it 3 times during that entire run — and every single one of those days still closed above it.

That changed starting in August 2025. Things got choppy, then broke down hard, and price spent a prolonged stretch well below the line. I called it out honestly at the time. The pattern broke, and I put the theory on ice.

But here we are again.

The full phase breakdown

Since Keith Gill's return I've been organizing price action into phases relative to the 420 MA. Here's the summary:

🟢 Prologue (4/1/24 – 5/24/24) — Price was deeply below the 420 MA (~$19), trading around $10. Keith Gill updated his Stocktwits account on 4/26/24 — the first sign of life. Within weeks, price exploded back above the MA.

🟢 Phase 1 — The Floor Era (5/28/24 – 7/31/25, 295 trading days) — Price held above the 420 MA the entire time. The MA acted as an almost magnetic floor. Every intraday dip to or below it resulted in a close above it.

🟡 Phase 2 — The Choppy Zone (8/1/25 – 9/5/25) — The first cracks. Multiple closes below the MA, with quick recoveries. The floor was being tested seriously for the first time.

🔵 Phase 3 — Brief Recovery (9/8/25 – 10/9/25) — Price climbed back well above the MA, briefly reaching the high $20s. Looked like the floor was holding again.

🔴 Phase 4 — The Breakdown (10/10/25 – 1/30/26) — The sustained break. 67 trading days below the MA, with closes as far as $4.47 below it at the worst point in late December. This is the period I said the tinfoil theory was on ice.

🟣 Phase 5 — No Man's Land (2/2/26 – 4/14/26) — Messy. The reclaim on 2/2/26 gave brief hope, but price couldn't hold. The MA flipped from support to resistance, with price bouncing around on both sides for weeks.

🟢 Phase 6 — Current Reclaim (4/15/26 – present, 11 trading days) — Price reclaimed the 420 MA on 4/15/26 and has held above it every day since. Today (4/29/26) the intraday low touched $24.00 — $0.46 below the MA — before closing at $24.52, $0.06 above it. Another bounce.

(Full data tables)

Now let's talk about the 69-week MA

I've mentioned this one before but want to give it more attention today. The 69-week simple moving average is another meme number worth tracking — and it's been telling an interesting parallel story.

The 69W MA peaked at $25.17 the week of 9/26/25, right around when price peaked in the high $20s. Since then it's been gradually declining. Meanwhile the 420-day MA has been slowly rising.

As of this week:

• 420-day MA: $24.46
• 69-week MA: $24.39

A gap of just $0.07.

I went back through the full dataset and this is the closest these two MAs have ever been. They've spent extended periods within $1 of each other before — most notably from July 2024 through March 2025 — but the gap during that stretch was typically $0.60–$0.95. The current $0.07 gap is unprecedented in this data.

What makes it more interesting is how they got here. The 420-day has been rising from below while the 69-week has been falling from above. They're converging from opposite directions, meeting right at the current price. That's never happened before in this dataset going back to 2021.

Note: The 69-week MA shown on TradingView charts may display slightly differently (~$24.28) because it's calculating the current incomplete week in real time. My figure of $24.39 uses the most recent completed weekly close. Either way, both MAs are sitting within cents of each other and cents of the current price — the convergence is the same regardless of which number you use.

The part where I acknowledge the coincidences

On 4/26/24, Keith Gill updated his Stocktwits account. At the time GME was trading around $10, well below both MAs. Within weeks, everything changed.

On 4/26/26 — exactly two years later — Keith Gill upgraded to a Stocktwits Pro membership.

This time, GME is trading right at both MAs, which are sitting within $0.07 of each other at ~$24.40. Not deeply below them. Right at them.

I want to be careful here because Keith Gill's Reddit account has shown activity at other points over the past year without any significant price action following. A Stocktwits pro upgrade could mean a lot of things or nothing at all. But I'd be lying if I said the two-year anniversary timing didn't catch my attention.

Other things worth noting (briefly)

Ryan Cohen has been teasing a potential acquisition. If GameStop deploys any meaningful portion of its cash reserves, that's a direct catalyst that has nothing to do with meme numbers.

Michael Burry has been actively adding GME and it's now a top 3 holding for him. His conviction seems real.

Neither of these guarantees anything, but it's interesting.

The honest caveat

The 420 MA has been reclaimed before and lost again. It happened multiple times between August and April. Eleven trading days above it is not the same as 295. The pattern broke once and it could break again.

What I can say is that the setup right now is more interesting than it's been at any point since the original floor era. Two meme MAs converging at the same price at the same time, a Stocktwits update on the exact same date two years later, and a handful of independent catalysts all pointing the same direction simultaneously.

Make of it what you will. This isn't financial advice. I'm just a guy with a spreadsheet who finds this stuff fascinating.

🌿