GoPro, Inc. Stock Jumps 18%, But EMA200 Keeps Downtrend Intact

GoPro, Inc. stock surged from $0.61 to close at $0.72 on August 31, touching an intraday high of $0.76. The rally pushed price above the daily pivot at $0.70. Yet it collided with resistance from a much longer downtrend — and that tension now defines the chart.

Key takeaways

• GPRO closed at $0.72 after an unusually wide daily range of $0.61 to $0.76.
• Daily RSI14 climbed to 57.58, signaling renewed buying interest rather than exhaustion.
• Hourly RSI14 at 74.04 — firmly overbought — warns the move may be stretched short-term.
• The EMA200 at $0.98 remains far above price, confirming the long-term downtrend is intact.
• Key levels: resistance at $0.79, daily pivot at $0.70, support at $0.63.

GoPro, Inc. Stock: Daily Trend Still Bearish Beneath the Surface

The daily chart for GoPro, Inc. stock remains in a downtrend despite the sharp rally. Price still trades well below the EMA200 at $0.98, and the EMA20 at $0.64 sits beneath the EMA50 at $0.72.

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