GoPro Inc (NASDAQ:GPRO) Will Trade Sub $20

GoPro Inc (NASDAQ:GPRO) Will Trade Sub $20

GOPRO INC A closed up 0.320 at 25.130. Volume was 55% below average (consolidating) and Bollinger Bands were 49% narrower than normal.

Open High Low Close Volume___
24.810 25.240 24.500 25.130 4,358,693

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

Moving Averages: 10-period 50-period 200-period
Close: 26.37 31.62 45.94
Volatility: 109 85 72
Volume: 12,252,300 11,184,241 7,826,475

The current market condition for GOPRO INC A is:

Very Bearish

The close is currently Below it’s 200 period moving average.
The close is currently Below it’s 90 period moving average.
The close is currently Below it’s 30 period moving average.

There is additional confirmation from one or more Sell signals within the last 10 periods

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.

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Summary

GOPRO INC A is currently 45.3% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of GPRO.O (mildly bearish). Our trend forecasting oscillators are currently bearish on GPRO.O and have had this outlook for the last 3 periods.

Momentum Points to Short Lived Bounce

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 45.4856. This is not an overbought or oversold reading. The last signal was a buy 2 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 35.25. 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 20 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 -76. This is not a topping or bottoming area. The last signal was a buy 2 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 4 period(s) ago.

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