GoPro Inc (NASDAQ:GPRO) $20 Target Affirmed, Downgrades Mount
HEFFX has affirmed a $2- price target for GPRO and more downgrades are released. Short interest jumped over 39% during the two most recent reporting periods, and now represents more than one-fifth of the equity’s float.
GOPRO INC A closed down -1.860 at 33.290. Volume was 72% below average (consolidating) and Bollinger Bands were 58% wider than normal.
Open High Low Close Volume___
33.680 33.980 33.030 33.290 2,220,440
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
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.
Moving Averages: 10-period 50-period 200-period
Close: 34.44 51.28 51.19
Volatility: 89 72 75
Volume: 13,261,467 9,884,715 7,244,919
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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 INC A gapped down today (bearish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
GOPRO INC A is currently 35.0% 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 22 periods. Our momentum oscillator is currently indicating that GPRO.O is currently in an oversold condition.
HEFFX Candlestick Traders
A black body occurred (because prices closed lower than they opened)
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 5 falling windows in the last 50 candles–this makes the current falling window even more bearish.
Momentum Points to Possible Dead Cat 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 53.6097. 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 27.03. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 2 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 -74. This is not a topping or bottoming area. The last signal was a buy 5 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 buy 2 period(s) ago.
GoPro, Inc., incorporated on August 24, 2011, produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. Its capture devices are sold through retailers, wholesale distributors and on the Company’s Website.
The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The HERO4 cameras capture video and photos in a small, easy-to-use form factor. The HERO4 cameras has waterproof housing and select mounting accessories, and have built-in Wi-Fi, providing connectivity with a smartphone or tablet to enable remote control and content viewing and sharing functionality. The Company also offers the HERO, HERO3 White, HERO3+ Silver and HERO4 Silver and Black editions. It also sells accessories for cameras and enables its customers to self-capture from different viewpoints. In addition to its packages, the Company offers the HERO4 Black edition camera in music-and surf-specific bundles. The Company also offers accessories, including Battery BacPac, Smart Remote and liquid crystal display (LCD) Touch BacPac for cameras.
The Company offers a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. It also enables customers to wear mounts on their bodies, such as wrist housing, chest harness and head strap. The mounts are backward-compatible with HERO, HERO2, HERO3 and HERO3+ cameras. The Company also offers other accessories, which include spare batteries, charging accessories, cables to connect GoPro cameras to television monitors, video transmitters and external microphones, flotation devices, dive filters, anti-fogging solutions and accessories for the Smart Remote.
The Company provides two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. GoPro Studio includes GoPro Edit Templates, which are based on video productions and enable users to produce videos using their own footage. GoPro Studio’s additional features include playback and trimming of video clips; frame rate and image quality adjustments; conversion of time lapse photos into videos; slow motion and speed ramping tools, and the ability to export videos for Web sharing.
The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its features include control of all camera settings; content preview and playback directly from the camera on a smartphone or tablet, and access to GoPro’s Photo of the Day, Video of the Day and content feeds. The GoPro App enables users to wirelessly copy footage from their cameras to mobile devices for storage and sharing without a computer. GoPro Channel content can also be viewed on smartphones via the GoPro App.
The Company competes with Canon Inc., Nikon Corporation, Olympus Corporation, Polaroid Holding Corporation and Vivitar Corporation, JVC Kenwood Corporation, Panasonic Corporation, Samsung Electronics Co., Sony Corporation, Toshiba Corporation and Garmin Ltd.
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