GoPro (GPRO)
GPROGoPro (NASDAQ:GPRO) is a potential breakout trade above the 12.66 resistance area targeting the 13.8 Key indicators on daily charts suggesting continuation of positive bias and the stock price is likely to show further upside.
GPRO up 40%From analysis, it can be seen that I expect a further upward wave sequence to build. You can see the bottom white dotted line showing the ATR rise of the wave sequence above it. It can also be seen that this ATR axis accurately marks the corrective bottom of the wave sequence. The yellow dotted line is the axis of reflection of the ATR axis. It can be seen that the rising price movement waves were used as a support axis. It is assumed that a larger uptrend may be starting. This rise starts from the yellow dotted axis. The next target price : 15.66 usd. The predicted rising wave sequence may continue to rise after reaching the target price. In the longer term, the GPRO share price could reach up to twice the current price.
GPRO correction over.
GPRO correction over. My analysis assumes that we have reached the bottom of an accumulation band. It can be seen that GPRO symmetrically "pinpoints" both edges of the accumulation range. Therefore, we must now wait. Because I suspect that this daily 10% drop today is a stabbing of a similar nature. In this case, the current level could be the end of the correction and from this level another rise is expected. First target price 16.68 usd
Gpro 40% rise could start.Gpro 40% rise could start. My analysis is that in technical terms the correction could be over. From this we can conclude that we are on the verge of another upward phase. The chart shows that the corrective move was 21% from the peak for the previous fractal. I expect a repeat of this fractal. I calculate the current uptrend to be 40% in size. This would mean that the next target price : 15.27 usd. I note that the current fair value of Gpro is 10.53usd. Exactly the level where the share price is. This means that at this level we can neither talk about overvaluation nor undervaluation.
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GPRO 100% increase is coming.GPRO 100% increase is coming. Continuation of my previous analyzes. The analysis done so far is visibly working. My assumption is the continuation of the fractal sequence. "Sequence" means that not only the shapes of the waves are repeated, but their sequential sequences. Since we are talking about a "fractal sequence", this means that the fractal now being built can follow a growth rule. This growth rule will be fed by increasing ATRs. It can then be stated that the fractal now being formed can be twice the size of the previous fractal. Although, due to the logarithmic distribution of the vertical axis, we will see the percentage increase as the same. Nevertheless, we can still see it as an investment (taking a long position), because entering it at the current level can result in a profit of almost 100%. Target price can reach 26usd level.
GPRO ends the correction.GPRO ends the correction. The figure shows that the correction starting from the top of the ATR axis (purple line) (precisely indicated by my previous analysis) has reached the turning level. I expect a further rise from this level. The next target price is 16.27usd
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GPRO before an increase of 86%.GPRO before an increase of 86%. The corrective movement is over. I hypothesize that an ascending wave sequence can be constructed. Two fractals can be seen in the analysis. The ATR axis (wave angle) of the original fractal is flatter than the ATR axis (purple line) of the fractal now under construction. This can mean two things. 1, The rise may accelerate. 2. A more distant target price of 15.03 usd is also available. Since the axis angle of the second fractal is steeper, this means that the ATR values will also increase in the current rise. Therefore, the price movement may accelerate upwards. A short example. The ATR is the car's accelerator pedal. If the car is going down the slope and we tread on the gas, its speed will accelerate. This is the relationship between ATR and price movements. The reverse is also true. If the price movement increases but the ATR decreases, the increase in the price movement will stop sooner or later. This is actually a physical approach to RSI divergence.
$GPRO on BUY point?!The share price of $GPRO dropped by around 20% on Feb 5 due to the its earnings came out below estimates.
Technical analysis:
As it is seen that we do have strong SUPPORT @$8.0 per share, when the price dropped it couldn't break it down.
Fundamental Analysis:
Gopro Inc Cl A (GPRO) reported 4th Quarter December 2020 earnings of $0.39 per share on revenue of $357.8 million. The consensus earnings estimate was $0.38 per share on revenue of $375.5 million.
The company said in its earnings presentation it expects first quarter non-GAAP results to range from a loss of $0.03 per share to earnings of $0.03 per share on revenue of $175.0 million to $190.0 million. The current consensus estimate is a loss of $0.10 per share on revenue of $167.3 million for the quarter ending March 31, 2021. The company also said it expects 2021 revenue of $1.07 billion to $1.11 billion. The current consensus estimate is revenue of $1.08 billion for the year ending December 31, 2021.
Overall analysis:
Wedbush raised the company's share price to $12 from $8. So we do have positive news. If $8 acts as Support we can BUY $GPRO with confidence.
Company profile:
GoPro Inc develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing and enjoying engaging content. It produces mountable and wearable cameras and accessories.
GoPro Retrace Offers Chance to Enter LongsAfter yesterdays earnings report this has had a drop premarket but this retrace offers the chance to enter into a long position. The current pre-market price is 9.19 which aligns with previous structure so could be a good entry but 0.382 Fibonacci is lower still so there is a possibility for a further drop. I think any entry below 9.19 is a bonus though and waiting for a lower entry could mean missing out as this could quickly make up for yesterdays losses.
I have been in this trade for a couple of months, the original idea came from Meszaros who is a brilliant author on TradingView. TP is 17.68
GPRO accelerating rise.GPRO accelerating rise.
Continuing my analysis, I expect the price movement of GPRO to accelerate in the short term. The accelerating momentum can withstand a level of 11.56usd. Then a short correction and then the rise continues. The GPRO target price is 17.67usd.
GPRO Chart for ChartGuys member NightCommando
Monthly and weekly uptrend. Anything over 6.38 is a weekly higher low and will maintain the weekly uptrend. Declining bear volume on weekly. I'd be watching the daily inside bar to see if it breaks bearish for continued weekly consolidation. Bulls would like to see the weekly 12ema hold and form a higher low compared to 6.38 and higher high over 9.17 to continue uptrend or higher low and lower high to form an equilibrium. After 9.17 next resistance is 10.73 from a weekly lower high on October 31 and then 11.89.
Need to be on watch for broader market weekly consolidation though.
GPRO before 100% increase.GPRO before 100% increase. GPRO stocks could start an exponential rise. This is based on local bases affecting the exponential curve as evidence. The analysis also shows that the motion retested the upper level of the D1 ATR (white square) (8.48 usd). My assumption is that the exchange rate will start to rise strongly from the level of 8.48 usd. The target price for the rise is 17.67 usd.
Go Pro Looking Very BullishBased on my tech anaysis for go pro you can clearly see it passing through a diagnal resistance line thats been holding go pro up since the start of the company. It has passed through and has even done a retest on the resistance line which has now turned support, also giving the company 6 green days in a row!!!! Making this a very bullish chart
Time to SHORT GOPRO and NASDAQ's overvalued STOCKS.Hi. It's my first posting in tradingview.
I think this is perfect time to SHORT GOPRO and overvalued stocks from NASDAQ.
The below chart is GoPro's Quarterly EPS.
2020-06-30 $-0.34
2020-03-31 $-0.43
2019-12-31 $0.66
2019-09-30 $-0.51
2019-06-30 $-0.08
Following my analysis, I expect GoPro's upcoming EPS in 3days will be between negative 0.40~ negative 0.70 level. I already shorted GoPro around $6.2 period few days ago.
Since I believe stock price for GoPro entered "Bear Market", I bought few more put options of GoPro until early November 2020. I think it's great opportunity to buy more put options of GoPro in the next 1 or 2 days when market opens. Since it's my first posting in tradingview, I will not include specific target price but still, it will be your opportunity. Short GoPro around $5.91~$6.05. And come back to my analysis in a few days. Hope everyone is safe from COVID and being healthy. Go to bottom GoPro. Bear market has already started in my analysis.
Sayy
GoPro Today saw premiums in the October 30 10.5 calls jump from .09 to 2.25. Not sure how to explain it. GoPro currently in price discovery with the confirmation of consecutive trading days breaching 52 week high. Strong watch moving forward. Consumers love GoPro product. Now it seems investors love the subscription service.
GPRO BULL RUN IDEATechnical breakdown $GPRO, is it time to buy?
LEVELS TO WATCH:
Supports: $4.15, $4.44
Resistances: $4.77, $4.94
Educational purposes only :)
Nice breakout for GoProSubscriber news could be a long term game changer. Nice breakout of the near term downtrend IMHO. Next earnings should give a lot more info. Near term resistance around $7.50 could be a challenge. Or a sell point for a short term trade
[GPRO] FOMO Earnings Bump Fading Quick! Sliding Back to $2.70Indicators are strongly pointing to SELL.
No horse in this race, just nice short setup I noticed.
