GOPRO INC. - Daily - Technical analysis published on 02/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 4.35 USD
My targets
3.82 USD (-6.60%)
3.38 USD (-17.36%)
My analysis
GOPRO INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.35 USD. The next support located at 3.82 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.38 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOPRO INC. price is 4.09 USD. The price has increased by +2.00% since the last closing with the lowest point at 4.00 USD and the highest point at 4.11 USD. The deviation from the price is +2.25% for the low point and -0.49% for the high point.4.00
4.11
4.09
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GOPRO INC. in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.38 | 3.82 | 4.09 | 4.56 | 5.39 | 5.99 |
| Change (%) | -17.36% | -6.60% | - | +11.49% | +31.78% | +46.45% |
| Change | -0.71 | -0.27 | - | +0.47 | +1.30 | +1.90 |
| Level | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.71 | 3.80 | 3.91 | 4.00 | 4.11 | 4.20 | 4.31 |
| Camarilla | 3.96 | 3.97 | 3.99 | 4.01 | 4.03 | 4.05 | 4.07 |
| Woodie | 3.71 | 3.81 | 3.91 | 4.01 | 4.11 | 4.21 | 4.31 |
| Fibonacci | 3.80 | 3.88 | 3.93 | 4.00 | 4.08 | 4.13 | 4.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.03 | 3.37 | 3.70 | 4.04 | 4.37 | 4.71 | 5.04 |
| Camarilla | 3.85 | 3.91 | 3.97 | 4.03 | 4.09 | 4.15 | 4.21 |
| Woodie | 3.03 | 3.37 | 3.70 | 4.04 | 4.37 | 4.71 | 5.04 |
| Fibonacci | 3.37 | 3.63 | 3.78 | 4.04 | 4.30 | 4.45 | 4.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.09 | 3.51 | 3.72 | 4.14 | 4.35 | 4.77 | 4.98 |
| Camarilla | 3.77 | 3.82 | 3.88 | 3.94 | 4.00 | 4.06 | 4.11 |
| Woodie | 3.00 | 3.46 | 3.63 | 4.09 | 4.26 | 4.72 | 4.89 |
| Fibonacci | 3.51 | 3.75 | 3.90 | 4.14 | 4.38 | 4.53 | 4.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.91 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -6.48 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 4.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.28 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 4.60 | |
| Zig ZAG (10): | 4.09 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 34.52 | |
| TEMA (21): | 4.00 | |
| Williams %R (14): | -54.76 | |
| Chande Momentum Oscillator (20): | -0.24 | |
| Repulse (5,40,3): | 3.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 13.99 |
| MA7: | 4.07 | |
| MA20: | 4.20 | |
| MA50: | 4.25 | |
| MA100: | 4.22 | |
| MAexp7: | 4.06 | |
| MAexp20: | 4.16 | |
| MAexp50: | 4.22 | |
| MAexp100: | 4.33 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | -2.62% | |
| Price / MA50: | -3.76% | |
| Price / MA100: | -3.08% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | -1.68% | |
| Price / MAexp50: | -3.08% | |
| Price / MAexp100: | -5.54% |
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, 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
- GoPro Schedules Fourth Quarter and Full Year 2019 Financial Results for February 5, 2020
- GoPro Lights Up CES With Cameras and Accessories That Shine Brighter Than the Strip
This member declared not having a position on this financial instrument or a related financial instrument.
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