LOOP INDUSTRIES INC (LOOP) Technical Analysis
NASDAQ:LOOP • US5435181046
Current stock price
LOOP Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to LOOP. Both in the recent history as in the last year, LOOP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that LOOP is one of the better performing stocks in the market, outperforming 74% of all stocks.
- LOOP is part of the Chemicals industry. There are 82 other stocks in this industry, LOOP did better than 64% of them.
- LOOP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LOOP is lagging the market.
- In the last month LOOP has a been trading in the 1.23 - 1.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
LOOP Weekly and Daily overview Charts
LOOP Setup Rating and Analysis
Besides having an excellent technical rating, LOOP 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. There is a support zone below the current price at 1.29, 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.
More info and screens
LOOP Support and Resistance Analysis
1.28
When analyzing the support we notice one important area.
- Support @1.29 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.45 from a trend line in the daily time frame.
- A resistance zone ranging from 1.49 to 1.49. 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.
LOOP Technical Indicator Signal Analysis
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 LOOP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LOOP is neutral. |
| ChartMill Relative Strength | 74.54 | POSITIVE | LOOP has a high relative strength, it outperformed 74.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LOOP is below 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) | 49.69 | NEUTRAL | The RSI value for LOOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LOOP has a negative trend. |
| Stochastics (14,3) | 44.23 | NEUTRAL | The Stochastics value for LOOP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for LOOP suggests high volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for LOOP suggests a weak or negative trend. |
LOOP Chart- and CandleStick Pattern Analysis
LOOP Example Setup
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 |
|---|---|---|---|
| 1.46 | 1.33 | 0.13 (8.90%) | 11.23% |
| An entry @1.46. This is a Buy Stop order right above the resistance zone. | An exit @1.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 8.90%. | For a 1.00% total portfolio risk, you can invest 11.23% of your capital in this trade. |
- 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.
LOOP Technicals: Chart, Performance Metrics, Trend & Indicators
1.37
-0.02 (-1.44%)
LOOP INDUSTRIES INC / LOOP TA FAQ
Can you provide the ChartMill technical rating for LOOP INDUSTRIES INC?
ChartMill assigns a technical rating of 8 / 10 to LOOP.
Can you provide the trend direction for LOOP INDUSTRIES INC?
The current trend direction for LOOP INDUSTRIES INC (LOOP) is Bullish.
What is the RSI signal for LOOP stock?
LOOP INDUSTRIES INC (LOOP) has an RSI value of 49.6924. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LOOP INDUSTRIES INC?
The MACD indicator for LOOP INDUSTRIES INC (LOOP) has a value of -0.00977044, indicating a bearish trend.
What is the short term momentum for LOOP INDUSTRIES INC (LOOP) stock?
The short term momentum for LOOP INDUSTRIES INC (LOOP) is neutral.