GoPro Inc (NASDAQ:GPRO) Will Hit An All-time Low At $5

GoPro Inc (NASDAQ:GPRO) Will Hit An All-time Low At $5

GoPro Inc (NASDAQ:GPRO) Will Hit An All-time Low At $5

Highlights:

  • The action camera maker reported weaker-than-expected quarterly sales and issued a disappointing outlook
  • Net loss grows despite drones release.
  • GoPro’s sales fell 27% annually last year
  • Price dropped from $199 to $149 due to overstocking.
  • GoPro’s cash flow will dry up and it would need to tap its credit facility to stay afloat.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 8.83.

The projected upper bound is: 9.20.

The projected lower bound is: 7.58.

The projected closing price is: 8.39.

GOPRO INC A closed down -0.010 at 8.410. Volume was 53% below average (consolidating) and Bollinger Bands were 37% narrower than normal.

Open       High       Low         Close       Volume
8.570      8.570      8.310      8.410      1,797,316

Technical Outlook
Short Term:                Neutral
Intermediate Term: Bearish
Long Term:                Bearish

Moving Averages: 10-period      50-period      200-period
Close:                      8.62                8.56                11.10
Volatility:               60                   63                    63
Volume:                 4,446,872      3,573,944      5,619,917

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary GoPro
GOPRO INC A is currently 24.2% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of GPRO.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GPRO.O and have had this outlook for the last 1 periods.

GoPro HEFFX Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 32.8829. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.94. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 36 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -72. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 6 period(s) ago.

GoPro, Inc. (GoPro) produces cameras and mountable and wearable accessories. The Company’s product offerings include HERO5, which is a line of cloud-connected cameras featuring image stabilization, telemetry, cloud connectivity and voice control; GoPro Plus, which is a cloud-based storage solution that enables subscribers to access, edit and share content; Quik, which is a mobile editing application that creates edits on a smartphone; Capture, which is a mobile application that allows users to preview and play back shots, control their GoPro cameras and share content on the fly using their smartphones; Karma, which is its compact and foldable drone and versatile stabilization solution that includes the Karma controller, and camera stabilizer, and it all fits in a custom backpack, and Karma Grip, which is a handheld, body-mountable camera stabilizer. It also offers a full ecosystem of mountable, wearable and voice activated accessories.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH