GOPRO INC. - 1H - Technical analysis published on 06/11/2020 (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 bearish
De fond:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 4.54 USD
My targets
4.40 USD (-1.79%)
4.09 USD (-8.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOPRO INC. as long as the price remains well below 4.54 USD. The sellers” bearish objective is set at 4.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.09 USD. In case of crossing, the next objective would be the support located at 3.83 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
4.8
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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 4.48 USD. On the day, this instrument lost -9.31% with the lowest point at 4.44 USD and the highest point at 4.70 USD. The deviation from the price is +0.90% for the low point and -4.68% for the high point.4.44
4.70
4.48
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of GOPRO INC. indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.60 | 3.83 | 4.09 | 4.48 | 4.54 | 5.28 | 5.77 |
| Change (%) | -19.64% | -14.51% | -8.71% | - | +1.34% | +17.86% | +28.79% |
| Change | -0.88 | -0.65 | -0.39 | - | +0.06 | +0.80 | +1.29 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.47 | 4.63 | 4.78 | 4.94 | 5.10 | 5.26 | 5.41 |
| Camarilla | 4.85 | 4.88 | 4.91 | 4.94 | 4.97 | 5.00 | 5.03 |
| Woodie | 4.47 | 4.63 | 4.78 | 4.94 | 5.10 | 5.26 | 5.41 |
| Fibonacci | 4.63 | 4.75 | 4.82 | 4.94 | 5.06 | 5.14 | 5.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.40 | 4.52 | 4.69 | 4.81 | 4.98 | 5.10 | 5.27 |
| Camarilla | 4.78 | 4.81 | 4.83 | 4.86 | 4.89 | 4.91 | 4.94 |
| Woodie | 4.43 | 4.53 | 4.72 | 4.82 | 5.01 | 5.11 | 5.30 |
| Fibonacci | 4.52 | 4.63 | 4.70 | 4.81 | 4.92 | 4.99 | 5.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.80 | 2.48 | 3.59 | 4.27 | 5.38 | 6.06 | 7.17 |
| Camarilla | 4.22 | 4.38 | 4.55 | 4.71 | 4.87 | 5.04 | 5.20 |
| Woodie | 2.03 | 2.59 | 3.82 | 4.38 | 5.61 | 6.17 | 7.40 |
| Fibonacci | 2.48 | 3.16 | 3.58 | 4.27 | 4.95 | 5.37 | 6.06 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.77 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -24.80 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 4.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.02 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 4.90 | |
| Zig ZAG (10): | 4.45 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 6.07 | |
| TEMA (21): | 4.66 | |
| Williams %R (14): | -96.62 | |
| Chande Momentum Oscillator (20): | -0.65 | |
| Repulse (5,40,3): | -3.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 15.89 |
| MA7: | 4.85 | |
| MA20: | 4.48 | |
| MA50: | 3.58 | |
| MA100: | 3.58 | |
| MAexp7: | 4.69 | |
| MAexp20: | 4.82 | |
| MAexp50: | 4.83 | |
| MAexp100: | 4.64 | |
| Price / MA7: | -7.63% | |
| Price / MA20: | -0% | |
| Price / MA50: | +25.14% | |
| Price / MA100: | +25.14% | |
| Price / MAexp7: | -4.48% | |
| Price / MAexp20: | -7.05% | |
| Price / MAexp50: | -7.25% | |
| Price / MAexp100: | -3.45% |
Quotes :
2020-06-11 16:35:26
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on GOPRO INC.. At the time of publication of this analysis, the latest news was as follows:
- GoPro Announces First Quarter 2020 Results
- Level Up Your Creativity with New Camera Updates for GoPro MAX
- GoPro Schedules First Quarter 2020 Financial Results for May 7, 2020
- GoPro Announces Global Restructuring, Provides Preliminary Q1 Results and Withdraws 2020 Guidance Due to COVID-19 Impact
- GoPro #HomePro Challenge Celebrates The Great Indoors
This member declared not having a position on this financial instrument or a related financial instrument.
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