GOPRO INC. - 1H - Technical analysis published on 04/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.92 USD
My targets
3.02 USD (+2.72%)
3.22 USD (+9.63%)
My analysis
GOPRO INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.92 USD. The next resistance located at 3.02 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.22 USD. After this resistance, buyers could then target 3.38 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOPRO INC. rating 2.94 USD. The price registered an increase of +2.08% on the session and was traded between 2.90 USD and 3.08 USD over the period. The price is currently at +1.38% from its lowest and -4.55% from its highest.2.90
3.08
2.94
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this GOPRO INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside Tasuki gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.01 | 2.29 | 2.70 | 2.94 | 3.02 | 3.38 | 3.82 |
| Change (%) | -31.63% | -22.11% | -8.16% | - | +2.72% | +14.97% | +29.93% |
| Change | -0.93 | -0.65 | -0.24 | - | +0.08 | +0.44 | +0.88 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.55 | 2.63 | 2.75 | 2.83 | 2.95 | 3.03 | 3.15 |
| Camarilla | 2.83 | 2.84 | 2.86 | 2.88 | 2.90 | 2.92 | 2.94 |
| Woodie | 2.58 | 2.64 | 2.78 | 2.84 | 2.98 | 3.04 | 3.18 |
| Fibonacci | 2.63 | 2.70 | 2.75 | 2.83 | 2.90 | 2.95 | 3.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.77 | 2.02 | 2.37 | 2.62 | 2.97 | 3.22 | 3.57 |
| Camarilla | 2.55 | 2.60 | 2.66 | 2.71 | 2.77 | 2.82 | 2.88 |
| Woodie | 1.81 | 2.05 | 2.41 | 2.65 | 3.01 | 3.25 | 3.61 |
| Fibonacci | 2.02 | 2.25 | 2.39 | 2.62 | 2.85 | 2.99 | 3.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.45 | 0.78 | 1.70 | 2.92 | 3.84 | 5.07 | 5.99 |
| Camarilla | 2.03 | 2.23 | 2.42 | 2.62 | 2.82 | 3.01 | 3.21 |
| Woodie | -0.60 | 0.70 | 1.55 | 2.85 | 3.69 | 4.99 | 5.84 |
| Fibonacci | 0.78 | 1.60 | 2.10 | 2.92 | 3.74 | 4.25 | 5.07 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.71 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 17.84 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 2.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.69 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 2.75 | |
| Zig ZAG (10): | 2.91 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 75.97 | |
| TEMA (21): | 2.94 | |
| Williams %R (14): | -36.96 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | -1.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 10.98 |
| MA7: | 2.66 | |
| MA20: | 2.55 | |
| MA50: | 3.27 | |
| MA100: | 3.75 | |
| MAexp7: | 2.90 | |
| MAexp20: | 2.81 | |
| MAexp50: | 2.69 | |
| MAexp100: | 2.66 | |
| Price / MA7: | +10.53% | |
| Price / MA20: | +15.29% | |
| Price / MA50: | -10.09% | |
| Price / MA100: | -21.60% | |
| Price / MAexp7: | +1.38% | |
| Price / MAexp20: | +4.63% | |
| Price / MAexp50: | +9.29% | |
| Price / MAexp100: | +10.53% |
News
The latest news and videos published on GOPRO INC. at the time of the analysis were as follows:
- GoPro #HomePro Challenge Celebrates The Great Indoors
- Thinking about buying stock in California Resources Corp, General Electric, GoPro, Snap, or Virgin Galactic?
-
GoPro, Inc. - GPRO Stock Chart Technical Analysis for 02-07-2020
- GoPro Announces Fourth Quarter and Full Year 2019 Results
- GoPro Releases Crowdsourced HERO8 Black and MAX Million Dollar Challenge Video, Awards Equal Cut of $1 Million to 45 Creators
This member declared not having a position on this financial instrument or a related financial instrument.
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