OPENDOOR TECHNOLOGIES INC (OPEN) Stock Technical Analysis
USA - NASDAQ:OPEN - US6837121036 - Common Stock
We assign a technical rating of 8 out of 10 to OPEN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although OPEN has an excellent technical rating, it does not present a decent entry opportunity 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
6.48
We found 1 important support area.
- A support zone ranging from 6.55 to 6.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.57 to 6.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.32 to 7.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.68 to 7.72. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for OPEN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPEN is down. |
| ChartMill Relative Strength | 99 | POSITIVE | OPEN has a high relative strength, it outperformed 99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OPEN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OPEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.01 | NEUTRAL | The RSI value for OPEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests OPEN has a negative trend. |
| Stochastics (14,3) | 32.4 | NEUTRAL | The Stochastics value for OPEN is a neutral value. |
| Average True Range in percent/ATR (20) | 10.38 | HIGH VOLATILITY | The high ATR as a percentage value for OPEN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.96 | NEGATIVE | The low ADX value for OPEN suggests a weak or negative trend. |
6.56
0 (0%)
OPENDOOR TECHNOLOGIES INC / OPEN FAQ
What is the ChartMill technical rating of OPENDOOR TECHNOLOGIES INC (OPEN) stock?
ChartMill assigns a technical rating of 8 / 10 to OPEN.
Can you provide the trend direction for OPENDOOR TECHNOLOGIES INC?
The current trend direction for OPENDOOR TECHNOLOGIES INC (OPEN) is Bullish.
Can you provide the RSI signal for OPENDOOR TECHNOLOGIES INC?
OPENDOOR TECHNOLOGIES INC (OPEN) has an RSI value of 42.0125. This indicates that the stock is currently neutral.
What is the MACD signal for OPEN stock?
The MACD indicator for OPENDOOR TECHNOLOGIES INC (OPEN) has a value of -0.1321, indicating a bearish trend.
What are the support and resistance levels for OPENDOOR TECHNOLOGIES INC (OPEN) stock?
OPENDOOR TECHNOLOGIES INC (OPEN) has a support level at 6.55 and a resistance level at 6.57. Check the full technical report for our detailed analysis of OPEN support and resistance levels.