GOPRO INC-CLASS A (GPRO) Stock Technical Analysis
NASDAQ:GPRO - Nasdaq - US38268T1034 - Common Stock - Currency: USD
Taking everything into account, GPRO scores 2 out of 10 in our technical rating. In the past year, GPRO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, GPRO is a bad performer in the overall market: 91% of all stocks are doing better.
GPRO is one of the lesser performing stocks in the Household Durables industry. 84% of 64 stocks in the same industry do better.
GPRO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GPRO is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month GPRO has a been trading in the 0.54 - 0.67 range, which is quite wide. It is currently trading near the high of this range.
GPRO has an average volume of 4336020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, GPRO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.65. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GPRO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.56
0.67
2 important support areas can be observed.
- Support @0.59 from a trend line in the daily time frame.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GPRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GPRO is up. |
| ChartMill Relative Strength | 9.06 | NEGATIVE | GPRO has a low relative strength, it was outperformed by 90.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GPRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GPRO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GPRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.73 | NEUTRAL | The RSI value for GPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GPRO has a positive trend. |
| Stochastics (14,3) | 80.69 | OVERBOUGHT | The high Stochastics value suggests GPRO may be overbought. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for GPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 11.9 | NEGATIVE | The low ADX value for GPRO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.6386
+0 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.57%
1 Week7.62%
2 Weeks4.62%
1 Month10.87%
3 Month-14.44%
6 Month-48.08%
12 Month-57.99%
2 Year-84.8%
3 Year-90.76%
5 Year-86.44%
10 Year-98.85%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%6.34%
ATR Inc-37.36%
Range Today0.02
ADR(20)0.04
ADR(20)%6.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.06
Mansfield-4.33
10 Day High0.65
10 Day Low0.55
20 Day High0.67
20 Day Low0.54
52 Week High1.76
52 Week Low0.4
CS1 End0.59
CR1 Start0.65
Volume & EV
DER(3)13.46%
DER(5)8.1%
Volume1.89M
Volume Incr-24.33%
Vol(5)2.53M
Vol(50)4.34M