LOOP INDUSTRIES INC (LOOP) Stock Technical Analysis
USA - NASDAQ:LOOP - US5435181046 - Common Stock
1.63 USD
+0.04 (+2.52%)
1.68 USD
+0.05 (+3.07%)
Taking everything into account, LOOP scores 4 out of 10 in our technical rating. LOOP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month LOOP has a been trading in the 1.42 - 2.11 range, which is quite wide. It is currently trading near the lows of this range.
LOOP is part of the Chemicals industry. There are 83 other stocks in this industry. LOOP outperforms 84% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, LOOP did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Considerably lower volume is observed in the last couple of days.
LOOP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.39
1.93
3 important support areas can be observed.
- A support zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.40 to 1.40. 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 1.63 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.85 from a trend line in the weekly time frame.
- 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 | 77.13 | POSITIVE | LOOP has a high relative strength, it outperformed 77.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LOOP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LOOP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LOOP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.15 | NEUTRAL | The RSI value for LOOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LOOP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.29 | NEUTRAL | The Stochastics value for LOOP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.62 | HIGH VOLATILITY | The high ATR as a percentage value for LOOP suggests high volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for LOOP suggests a weak or negative 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)
1.63
+0.04 (+2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.52%
1 Week3.16%
2 Weeks-7.91%
1 Month-12.37%
3 Month35.83%
6 Month63%
12 Month-2.98%
2 Year-48.9%
3 Year-45.12%
5 Year-73.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%8.62%
ATR Inc-7.79%
Range Today0.07
ADR(20)0.14
ADR(20)%8.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.13
Mansfield0.83
10 Day High1.8
10 Day Low1.42
20 Day High2.11
20 Day Low1.42
52 Week High2.29
52 Week Low0.85
CS1 End1.6
CR1 Start1.63
Volume & EV
DER(3)8.74%
DER(5)2.87%
Volume117.20K
Volume Incr-48.84%
Vol(5)69.66K
Vol(50)220.16K