LOANDEPOT INC -CLASS A (LDI) Stock Technical Analysis
NYSE:LDI - US53946R1068 - Common Stock
2.14 USD
+0.1 (+4.9%)
2.11 USD
-0.03 (-1.4%)
We assign a technical rating of 9 out of 10 to LDI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LDI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
LDI is one of the better performing stocks in the Financial Services industry, it outperforms 85% of 101 stocks in the same industry.
In the last month LDI has a been trading in the 1.46 - 2.16 range, which is quite wide. It is currently trading near the high of this range.
LDI has an average volume of 2053220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, LDI did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
LDI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LDI is lagging the market.
Volume is considerably higher in the last couple of days.
LDI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for LDI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.45
2.41
4 important support areas can be observed.
- A support zone ranging from 1.99 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.93 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.83 from a horizontal line in the daily time frame.
- Support @1.46 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @2.39 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LDI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LDI is up. |
| ChartMill Relative Strength | 82.07 | POSITIVE | LDI has a high relative strength, it outperformed 82.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LDI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LDI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LDI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.3 | NEUTRAL | The RSI value for LDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LDI has a positive trend. |
| Stochastics (14,3) | 87.36 | OVERBOUGHT | The high Stochastics value suggests LDI may be overbought. |
| Average True Range in percent/ATR (20) | 7.96 | HIGH VOLATILITY | The high ATR as a percentage value for LDI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.07 | NEUTRAL | The ADX value for LDI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.40 | 1.98 | 0.42 (17.50%) | 5.71% |
| An entry @2.40. This is a Buy Stop order right above the resistance zone. | An exit @1.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 17.50%. | When investing 5.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.14
+0.1 (+4.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg4.9%
1 Week5.94%
2 Weeks8.63%
1 Month27.38%
3 Month63.36%
6 Month30.49%
12 Month-18.32%
2 Year10.88%
3 Year29.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%7.96%
ATR Inc-28.43%
Range Today0.14
ADR(20)0.17
ADR(20)%7.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.07
Mansfield1.01
10 Day High2.16
10 Day Low1.81
20 Day High2.16
20 Day Low1.46
52 Week High3.23
52 Week Low1.01
CS1 End2.01
CR1 Start2.39
Volume & EV
DER(3)3.57%
DER(5)3.38%
Volume2.59M
Volume Incr49.77%
Vol(5)2.84M
Vol(50)2.05M