We assign a technical rating of 5 out of 10 to LOOP. Recently some decent action could be observed, but in the medium term time frame this is still negative. LOOP was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, LOOP is a bad performer in the overall market: 69% of all stocks are doing better.
- LOOP is part of the Chemicals industry. There are 83 other stocks in this industry, of which 71% are performing better than LOOP.
- LOOP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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.
- In the last month LOOP has a been trading in the 1.08 - 1.33 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is only medium, LOOP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.88
When analyzing the support we can see 2 important areas.
- Support @1.12 from a horizontal line in the daily time frame.
- Support @0.89 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.27 to 1.29. 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 | UP | POSITIVE | The short term trend for LOOP is up. |
| ChartMill Relative Strength | 31.7 | NEUTRAL | LOOP is not amongst the best or worst performers 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) | 64.84 | NEUTRAL | The RSI value for LOOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LOOP has a positive trend. |
| Stochastics (14,3) | 77.54 | NEUTRAL | The Stochastics value for LOOP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for LOOP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.86 | POSITIVE | The high ADX value value for LOOP suggests a strong trend. |
NASDAQ:LOOP (2/9/2026, 1:20:26 PM)
1.25
-0.03 (-2.34%)
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 64.8386. 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 positive.