OPENDOOR TECHNOLOGIES INC (OPEN) Stock Technical Analysis
NASDAQ:OPEN - Nasdaq - US6837121036 - Common Stock - Currency: USD
Taking everything into account, OPEN scores 3 out of 10 in our technical rating. In the past year, OPEN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
97% of all other stocks performed better in the past year than OPEN.
OPEN is one of the lesser performing stocks in the Real Estate Management & Development industry. 84% of 65 stocks in the same industry do better.
OPEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OPEN has a been trading in the 0.51 - 0.90 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OPEN has an average volume of 85384000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of OPEN is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.77
0.90
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.88 to 0.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for OPEN is up. |
| ChartMill Relative Strength | 3.28 | NEGATIVE | OPEN has a low relative strength, it was outperformed by 96.72% 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) | UP | POSITIVE | The current price of OPEN is above the rising 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) | 61.31 | NEUTRAL | The RSI value for OPEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OPEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.52 | OVERBOUGHT | The high Stochastics value suggests OPEN may be overbought. |
| Average True Range in percent/ATR (20) | 8.07 | HIGH VOLATILITY | The high ATR as a percentage value for OPEN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.38 | NEUTRAL | The ADX value for OPEN suggests a possible start of a new 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)
0.779
-0.1 (-11.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-11.76%
1 Week27.7%
2 Weeks44.8%
1 Month28.21%
3 Month-23.63%
6 Month-47.01%
12 Month-65.53%
2 Year-84.76%
3 Year-84.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.07%
ATR Inc175.44%
Range Today0.18
ADR(20)0.06
ADR(20)%7.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.28
Mansfield-5.1
10 Day High0.9
10 Day Low0.53
20 Day High0.9
20 Day Low0.51
52 Week High3.09
52 Week Low0.51
CS1 EndN/A
CR1 Start0.88
Volume & EV
DER(3)-0.54%
DER(5)3.14%
Volume182.16M
Volume Incr47.04%
Vol(5)124.97M
Vol(50)85.38M