OPENDOOR TECHNOLOGIES INC (OPEN) Stock Technical Analysis
NASDAQ:OPEN - Nasdaq - US6837121036 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to OPEN. OPEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, OPEN is a bad performer in the overall market: 98% of all stocks are doing better.
OPEN is part of the Real Estate Management & Development industry. There are 64 other stocks in this industry, of which 87% are performing better than OPEN.
OPEN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so OPEN is lagging the market.
In the last month OPEN has a been trading in the 0.56 - 0.80 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
OPEN has an average volume of 71180500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of OPEN is bad and it also does not present a 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
0.57
1.07
We can see 3 important resistance areas.
- A resistance zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.63 from a trend line in the daily time frame.
- Resistance @1.06 from a trend 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 | DOWN | NEGATIVE | The long term trend for OPEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPEN is down. |
| ChartMill Relative Strength | 2.03 | NEGATIVE | OPEN has a low relative strength, it was outperformed by 97.97% 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) | DOWN | NEGATIVE | The current price of OPEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.21 | NEUTRAL | The RSI value for OPEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OPEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.68 | OVERSOLD | The low Stochastics value suggests OPEN may be oversold. |
| Average True Range in percent/ATR (20) | 9.06 | HIGH VOLATILITY | The high ATR as a percentage value for OPEN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.57 | NEGATIVE | The low ADX value for OPEN suggests a weak or negative 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)
0.575
-0.03 (-4.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-4.39%
1 Week-15.42%
2 Weeks-11.84%
1 Month-21.33%
3 Month-49.56%
6 Month-70.05%
12 Month-72.09%
2 Year-85.7%
3 Year-87.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%9.06%
ATR Inc-50.12%
Range Today0.03
ADR(20)0.05
ADR(20)%8.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.03
Mansfield-6.49
10 Day High0.73
10 Day Low0.56
20 Day High0.8
20 Day Low0.56
52 Week High3.09
52 Week Low0.56
CS1 EndN/A
CR1 Start0.61
Volume & EV
DER(3)-0.4%
DER(5)1.63%
Volume68.82M
Volume Incr-12.31%
Vol(5)79.16M
Vol(50)71.18M