LOANDEPOT INC -CLASS A (LDI) Stock Technical Analysis
NYSE:LDI - New York Stock Exchange, Inc. - US53946R1068 - Common Stock - Currency: USD
Taking everything into account, LDI scores 8 out of 10 in our technical rating. LDI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
LDI is one of the better performing stocks in the Financial Services industry, it outperforms 89% of 100 stocks in the same industry.
In the last month LDI has a been trading in the 1.22 - 2.01 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
LDI has an average volume of 1141080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LDI is one of the better performing stocks in the market, outperforming 86% of all 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LDI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.35
2.49
We found 1 important support area.
- Support @1.36 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.47 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 | NEUTRAL | NEUTRAL | The long term trend for LDI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LDI is up. |
| ChartMill Relative Strength | 86.91 | POSITIVE | LDI has a high relative strength, it outperformed 86.91% 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) | 73.4 | OVERBOUGHT | The high RSI value suggests LDI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests LDI has a positive trend. |
| Stochastics (14,3) | 86.51 | OVERBOUGHT | The high Stochastics value suggests LDI may be overbought. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for LDI suggests high volalility. |
| Average Directional Index/ADX (14) | 33.72 | POSITIVE | The high ADX value value for LDI suggests a strong 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)
1.88
+0.24 (+14.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg14.63%
1 Week27.03%
2 Weeks46.88%
1 Month32.39%
3 Month70.91%
6 Month5.62%
12 Month-2.08%
2 Year-20%
3 Year5.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.27%
ATR Inc149.54%
Range Today0.21
ADR(20)0.11
ADR(20)%5.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.91
Mansfield-0.64
10 Day High2.01
10 Day Low1.26
20 Day High2.01
20 Day Low1.22
52 Week High3.23
52 Week Low1.01
CS1 End1.36
CR1 Start2.47
Volume & EV
DER(3)4.75%
DER(5)3.95%
Volume3.87M
Volume Incr43.24%
Vol(5)2.07M
Vol(50)1.14M