The Hourly View for GPRO
Currently, GPRO (Get Ratings)’s price is up $0.13 (1.29%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as GPRO has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Consumer Goods stocks, GPRO ranks 39th in regards to today’s price percentage change.
GPRO’s Technical Outlook on the Daily Chart
At the moment, GPRO’s price is up $0.02 (0.15%) from the day prior. This is the 2nd day in a row GPRO has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows GPRO’s price action over the past 90 days.
GPRO: Daily RSI Analysis
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