GoPro Technical Analysis

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GPRO -- USA Stock  

Fiscal Quarter End: March 31, 2020  

As of the 29th of March GoPro retains Risk Adjusted Performance of (0.31) and Market Risk Adjusted Performance of (0.48). GoPro technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. Simply put, you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for GoPro, which can be compared to its competitors. Please check out GoPro Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if GoPro is priced fairly providing market reflects its last-minute price of 2.48 per share. Please also validate GoPro Total Risk Alpha which is currently at 0.0695 to confirm the company can sustain itself at future point.
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GoPro current and past analyst recommendations published by number of research institutions as well as average analyst consensus
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GoPro Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 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 Trend Analysis

Use this graph to draw trend lines for GoPro. 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 applied against its price change over selected period. The best fit line has a slop of   0.03  which may suggest that GoPro market price will keep on failing further. It has 122 observation points and a regression sum of squares at 46.09, which is the sum of squared deviations for the predicted GoPro price change compared to its average price change.

GoPro March 29, 2020 Technical Indicators

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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