OPEN LENDING CORP (LPRO) Stock Technical Analysis
NASDAQ:LPRO - Nasdaq - US68373J1043 - Common Stock - Currency: USD
Overall LPRO gets a technical rating of 6 out of 10. In the past year, LPRO was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
LPRO 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.
LPRO is one of the better performing stocks in the Capital Markets industry, it outperforms 95% of 233 stocks in the same industry.
In the last month LPRO has a been trading in the 1.87 - 2.56 range, which is quite wide. It is currently trading near the high of this range.
LPRO has an average volume of 1450800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, we notice that LPRO is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LPRO 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
1.97
2.56
2 important support areas can be observed.
- Support @2.14 from a trend line in the daily time frame.
- A support zone ranging from 1.99 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.51 to 2.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for LPRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LPRO is up. |
| ChartMill Relative Strength | 94.64 | POSITIVE | LPRO has a high relative strength, it outperformed 94.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LPRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LPRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LPRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.92 | NEUTRAL | The RSI value for LPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests LPRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.59 | OVERBOUGHT | The high Stochastics value suggests LPRO may be overbought. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for LPRO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.17 | POSITIVE | The high ADX value value for LPRO 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)
2.5
+0.05 (+2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg2.04%
1 Week8.7%
2 Weeks22.55%
1 Month15.74%
3 Month199.8%
6 Month-51.36%
12 Month-59.15%
2 Year-77.86%
3 Year-75.87%
5 Year-85.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%6.15%
ATR Inc-13.09%
Range Today0.15
ADR(20)0.15
ADR(20)%6.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.64
Mansfield-4.69
10 Day High2.56
10 Day Low1.87
20 Day High2.56
20 Day Low1.87
52 Week High6.92
52 Week Low0.7
CS1 End2.14
CR1 Start2.51
Volume & EV
DER(3)0.32%
DER(5)3.36%
Volume627.60K
Volume Incr-27.33%
Vol(5)952.18K
Vol(50)1.45M