LOOP INDUSTRIES INC (LOOP) Stock Technical Analysis
NASDAQ:LOOP - Nasdaq - US5435181046 - Common Stock - Currency: USD
Taking everything into account, LOOP scores 7 out of 10 in our technical rating. In the last year, LOOP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
LOOP is part of the Chemicals industry. There are 85 other stocks in this industry. LOOP outperforms 76% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, LOOP outperforms 57% of them, which is more or less in line with the market.
LOOP is currently trading in the middle 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 slightly.
In the last month LOOP has a been trading in the 0.85 - 2.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although LOOP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.89
1.70
We found 1 important support area.
- Support @0.90 from a horizontal line in the daily 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 | 57.94 | 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 | POSITIVE | The current price of LOOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76 | OVERBOUGHT | The high RSI value suggests LOOP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests LOOP has a positive trend. |
| Stochastics (14,3) | 58.34 | NEUTRAL | The Stochastics value for LOOP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.99 | HIGH VOLATILITY | The high ATR as a percentage value for LOOP suggests high volalility. |
| Average Directional Index/ADX (14) | 32.35 | POSITIVE | The high ADX value value for LOOP suggests a strong 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)
1.68
+0.11 (+7.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg7.01%
1 Week60%
2 Weeks74.71%
1 Month69.7%
3 Month40%
6 Month29.33%
12 Month-33.07%
2 Year-47.66%
3 Year-56.7%
5 Year-81.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%8.99%
ATR Inc549.92%
Range Today0.29
ADR(20)0.14
ADR(20)%8.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.94
Mansfield1.24
10 Day High2.29
10 Day Low0.96
20 Day High2.29
20 Day Low0.85
52 Week High2.61
52 Week Low0.85
CS1 End0.9
CR1 StartN/A
Volume & EV
DER(3)-3.99%
DER(5)1.3%
Volume783.50K
Volume Incr3247.29%
Vol(5)1.15M
Vol(50)145.54K