LOANDEPOT INC -CLASS A (LDI) Stock Technical Analysis
NYSE:LDI - New York Stock Exchange, Inc. - US53946R1068 - Common Stock - Currency: USD
Overall LDI gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. LDI was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, LDI is a bad performer in the overall market: 92% of all stocks are doing better.
LDI is one of the lesser performing stocks in the Financial Services industry. 88% of 99 stocks in the same industry do better.
LDI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LDI is lagging the market.
In the last month LDI has a been trading in the 1.09 - 1.36 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
LDI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.30. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for LDI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.17
2.58
We found 2 important support areas.
- A support zone ranging from 1.23 to 1.23. 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 1.18 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.30 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.46 from a trend line in the daily time frame.
- Resistance @1.81 from a horizontal line in the daily time frame.
- Resistance @2.55 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 | DOWN | NEGATIVE | The long term trend for LDI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LDI is up. |
| ChartMill Relative Strength | 8.8 | NEGATIVE | LDI has a low relative strength, it was outperformed by 91.2% 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 | NEGATIVE | The current price of LDI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.23 | 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) | 56.14 | NEUTRAL | The Stochastics value for LDI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for LDI suggests high volalility. |
| Average Directional Index/ADX (14) | 23.99 | 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)
1.3
+0.04 (+3.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg3.17%
1 Week-0.76%
2 Weeks9.24%
1 Month14.04%
3 Month-27.78%
6 Month-42.22%
12 Month-37.5%
2 Year-38.68%
3 Year-9.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.17%
ATR Inc-14.66%
Range Today0.05
ADR(20)0.08
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.8
Mansfield-3.42
10 Day High1.36
10 Day Low1.17
20 Day High1.36
20 Day Low1.09
52 Week High3.23
52 Week Low1.01
CS1 End1.23
CR1 Start1.3
Volume & EV
DER(3)4.25%
DER(5)1.79%
Volume489.70K
Volume Incr-41.09%
Vol(5)433.28K
Vol(50)858.07K