LOOP INDUSTRIES INC (LOOP) Technical Analysis
NASDAQ:LOOP • US5435181046
Taking everything into account, LOOP scores 5 out of 10 in our technical rating. In the past year, LOOP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- LOOP 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 LOOP is lagging the market.
- LOOP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that LOOP is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- LOOP is part of the Chemicals industry. There are 83 other stocks in this industry, LOOP did better than 67% of them.
Although the technical rating is only medium, LOOP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
1.28
When analyzing the support we notice one important area.
- A support zone ranging from 1.29 to 1.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.33 to 1.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.91 from a horizontal 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 LOOP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LOOP is neutral. |
| ChartMill Relative Strength | 77.84 | POSITIVE | LOOP has a high relative strength, it outperformed 77.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LOOP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LOOP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.86 | NEUTRAL | The RSI value for LOOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LOOP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.55 | NEUTRAL | The Stochastics value for LOOP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for LOOP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.27 | NEGATIVE | The low ADX value for LOOP suggests a weak or negative trend. |
LOOP Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:LOOP (3/6/2026, 8:00:00 PM)
1.32
0 (0%)
LOOP INDUSTRIES INC / LOOP FAQ
Can you provide the ChartMill technical rating for LOOP INDUSTRIES INC?
ChartMill assigns a technical rating of 5 / 10 to LOOP.
Can you provide the trend direction for LOOP INDUSTRIES INC?
The current trend direction for LOOP INDUSTRIES INC (LOOP) is Bearish.
Can you provide the RSI signal for LOOP INDUSTRIES INC?
LOOP INDUSTRIES INC (LOOP) has an RSI value of 63.8585. This indicates that the stock is currently neutral.
What is the short term momentum for LOOP stock?
The short term momentum for LOOP INDUSTRIES INC (LOOP) is neutral.