OPENDOOR TECHNOLOGIES INC (OPEN) Technical Analysis
NASDAQ:OPEN • US6837121036
Overall OPEN gets a technical rating of 3 out of 10. Although OPEN is scoring some points because its good overall performance in the market in the past year, 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.
- OPEN is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 100% of 63 stocks in the same industry.
- OPEN has an average volume of 53173500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, OPEN did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- OPEN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OPEN is lagging the market slightly.
- In the last month OPEN has a been trading in the 4.26 - 5.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, OPEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
4.40
3 important support areas can be observed.
- Support @4.79 from a trend line in the weekly time frame.
- Support @4.64 from a trend line in the daily time frame.
- Support @4.44 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- Resistance @5.26 from a trend line in the daily time frame.
- A resistance zone ranging from 5.43 to 5.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.15 from a trend line in the weekly time frame.
- Resistance @6.46 from a trend line in the weekly time frame.
- Resistance @6.65 from a trend 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 | 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 | 98.24 | POSITIVE | OPEN has a high relative strength, it outperformed 98.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OPEN is above the rising 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) | 47.08 | NEUTRAL | The RSI value for OPEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests OPEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.14 | NEUTRAL | The Stochastics value for OPEN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.16 | HIGH VOLATILITY | The high ATR as a percentage value for OPEN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for OPEN suggests a weak or negative trend. |
OPEN Technicals: Chart, Performance Metrics, Trend & Indicators
5
-0.18 (-3.47%)
OPENDOOR TECHNOLOGIES INC / OPEN FAQ
What is the ChartMill technical rating of OPENDOOR TECHNOLOGIES INC (OPEN) stock?
ChartMill assigns a technical rating of 3 / 10 to OPEN.
What is the current trend direction of OPENDOOR TECHNOLOGIES INC (OPEN) stock?
The current trend direction for OPENDOOR TECHNOLOGIES INC (OPEN) is Bearish.
What is the RSI signal for OPENDOOR TECHNOLOGIES INC (OPEN) stock?
OPENDOOR TECHNOLOGIES INC (OPEN) has an RSI value of 47.0845. This indicates that the stock is currently neutral.
What is the buy/sell signal for OPEN stock?
The buy/sell signal for OPENDOOR TECHNOLOGIES INC (OPEN) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for OPENDOOR TECHNOLOGIES INC (OPEN) stock?
OPENDOOR TECHNOLOGIES INC (OPEN) has a support level at 4.79 and a resistance level at 5.26. Check the full technical report for our detailed analysis of OPEN support and resistance levels.