We assign a technical rating of 4 out of 10 to OPEN. In the last year, OPEN was one of the better performers, but we do observe some doubts in the very recent evolution.
OPEN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.39. Right above this resistance zone may be a good entry point.
More info and screens
6.09
We found 2 important support areas.
- Support @6.55 from a horizontal line in the weekly time frame.
- Support @6.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.39 to 7.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.82 from a trend line in the daily time frame.
- Resistance @9.29 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 | 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 | 97.28 | POSITIVE | OPEN has a high relative strength, it outperformed 97.28% 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) | DOWN | NEGATIVE | The current price of OPEN is below a declining 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) | 42.63 | NEUTRAL | The RSI value for OPEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OPEN has a negative trend. |
| Stochastics (14,3) | 27.18 | NEUTRAL | The Stochastics value for OPEN is a neutral value. |
| Average True Range in percent/ATR (20) | 10.67 | HIGH VOLATILITY | The high ATR as a percentage value for OPEN suggests high volalility. |
| Average Directional Index/ADX (14) | 7 | NEGATIVE | The low ADX value for OPEN suggests a weak or negative trend. |
6.56
-0.49 (-6.95%)
OPENDOOR TECHNOLOGIES INC / OPEN FAQ
What is the ChartMill technical rating of OPENDOOR TECHNOLOGIES INC (OPEN) stock?
ChartMill assigns a technical rating of 4 / 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 42.6279. 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 -0.0572885, 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 7.39. Check the full technical report for our detailed analysis of OPEN support and resistance levels.