OPENDOOR TECHNOLOGIES INC (OPEN)

US6837121036 - Common Stock

2.95  +0.04 (+1.37%)

Premarket: 2.94 -0.01 (-0.34%)

Technical Rating and Analysis

1

Overall OPEN gets a technical rating of 1 out of 10. OPEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
OPEN is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 80% of 68 stocks in the same industry.
OPEN has an average volume of 20412900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that OPEN is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
OPEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OPEN is lagging the market.
In the last month OPEN has a been trading in the 2.51 - 3.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
OPEN Weekly chart
OPEN Daily chart
Setup Rating and Analysis

8

Although the technical rating is bad, OPEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OPEN in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

2.59

4.43

When analyzing the support we notice one important area.

  • A support zone ranging from 2.62 to 2.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

  • Resistance @3.02 from a trend line in the daily time frame.
  • A resistance zone ranging from 3.11 to 3.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @4.07 from a trend line in the weekly time frame.
  • Resistance @4.24 from a trend line in the weekly time frame.
  • Resistance @4.39 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.11
Mansfield-1.46
10 Day High3.18
10 Day Low2.51
20 Day High3.32
20 Day Low2.51
52 Week High5.41
52 Week Low1.25
Performance
1 Week-1.01%
2 Weeks3.15%
1 Month-2.64%
3 Month-34.15%
6 Month11.74%
12 Month67.61%
2 Year-65.9%
3 Year-86.08%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)48.67
LBB2.63
UBB3.16
OPEN Daily chart

OPENDOOR TECHNOLOGIES INC

NASDAQ:OPEN (3/27/2024, 8:00:03 PM)

Premarket: 2.94 -0.01 (-0.34%)

2.95

+0.04 (+1.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg1.37%
1 Week-1.01%
2 Weeks3.15%
1 Month-2.64%
3 Month-34.15%
6 Month11.74%
12 Month67.61%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.21
ATR(20)%7.35%
ATR Inc
Range Today0.11
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.18
10 Day Low2.51
20 Day High3.32
20 Day Low2.51
52 Week High5.41
52 Week Low1.25
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume13.78M
Volume Incr-20.64%
Vol(5)16.04M
Vol(50)20.41M