LOOP INDUSTRIES INC (LOOP)

US5435181046 - Common Stock

2.8  +0.05 (+1.82%)

Technical Rating and Analysis

0

Overall LOOP gets a technical rating of 0 out of 10. LOOP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, LOOP is a bad performer in the overall market: 87% of all stocks are doing better.
LOOP is part of the Chemicals industry. There are 85 other stocks in this industry, of which 82% are performing better than LOOP.
LOOP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month LOOP has a been trading in the 2.60 - 3.17 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
LOOP Weekly chart
LOOP Daily chart
Setup Rating and Analysis

7

LOOP 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 2.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LOOP 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.
Support and Resistance Analysis

2.64

3.91

When analyzing the support we notice one important area.

  • A support zone ranging from 2.67 to 2.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • A resistance zone ranging from 2.81 to 2.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.91 to 2.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @3.87 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.43
Mansfield-2.52
10 Day High2.9
10 Day Low2.68
20 Day High3.17
20 Day Low2.6
52 Week High4.7
52 Week Low2.59
Performance
1 Week-0.36%
2 Weeks2.19%
1 Month-10.83%
3 Month-25.93%
6 Month-21.57%
12 Month-18.6%
2 Year-68.52%
3 Year-65.04%
5 Year-64.65%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)45.66
LBB2.61
UBB2.88
LOOP Daily chart

LOOP INDUSTRIES INC

NASDAQ:LOOP (3/28/2024, 8:22:21 PM)

2.8

+0.05 (+1.82%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.82%
1 Week-0.36%
2 Weeks2.19%
1 Month-10.83%
3 Month-25.93%
6 Month-21.57%
12 Month-18.6%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.14
ATR(20)%5.25%
ATR Inc
Range Today0.14
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.9
10 Day Low2.68
20 Day High3.17
20 Day Low2.6
52 Week High4.7
52 Week Low2.59
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume26.80K
Volume Incr396.65%
Vol(5)97.94K
Vol(50)30.48K