GoPro Technical Analysis

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GPRO -- USA Stock  

Report: 6th of August 2020  

As of the 10th of July, GoPro retains the risk adjusted performance of 0.5154, and market risk adjusted performance of 0.7825. GoPro technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for GoPro Inc, which can be compared to its competitors. Please check out GoPro Inc standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if GoPro is priced fairly, providing market reflects its last-minute price of 4.85 per share. Given that GoPro Inc has jensen alpha of 1.01, we strongly advise you to confirm GoPro Inc's regular market performance to make sure the company can sustain itself at a future point.

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Target PriceAdvice# of Analysts
3.88Sell4Odds
GoPro Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus. Most GoPro analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand GoPro stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of GoPro Inc, talking to its executives and customers, or listening to GoPro conference calls.
GoPro Analyst Advice Details
GoPro technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of GoPro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of GoPro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

GoPro Inc Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of GoPro Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

GoPro Inc Trend Analysis

Use this graph to draw trend lines for GoPro Inc. You can use it to identify possible trend reversals for GoPro as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual GoPro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

GoPro Best Fit Change Line

The following chart estimates an ordinary least squares regression model for GoPro Inc applied against its price change over selected period. The best fit line has a slop of   0.039132  , which means GoPro Inc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 57.91, which is the sum of squared deviations for the predicted GoPro price change compared to its average price change.

About GoPro Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of GoPro Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of GoPro Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on GoPro Inc stock first instead of the macroeconomic environment surrounding GoPro Inc . By analyzing GoPro's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of GoPro's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to GoPro specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2014 2019 2020 (projected)
Long Term Debt to Equity0.440.640.69
Interest Coverage24.448.238.44

GoPro July 10, 2020 Technical Indicators

Most technical analysis of GoPro stock help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for GoPro from various momentum indicators to cycle indicators. When you analyze GoPro charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
Risk Adjusted Performance0.5154
Market Risk Adjusted Performance0.7825
Mean Deviation3.34
Semi Deviation3.99
Downside Deviation5.08
Coefficient Of Variation360.11
Standard Deviation4.61
Variance21.27
Information Ratio0.241
Jensen Alpha1.01
Total Risk Alpha0.8708
Sortino Ratio0.2186
Treynor Ratio0.7725
Maximum Drawdown24.6
Value At Risk(6.21)
Potential Upside9.09
Downside Variance25.86
Semi Variance15.88
Expected Short fall(3.82)
Skewness(0.66)
Kurtosis2.12

GoPro July 10, 2020 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as GoPro stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution  62,941  
Daily Balance Of Power (0.53)  
Rate Of Daily Change  0.98  
Day Median Price  4.88  
Day Typical Price  4.87  
Price Action Indicator (0.08)  
Please check Risk vs Return Analysis. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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