OPENDOOR TECHNOLOGIES INC (OPEN) Technical Analysis
NASDAQ:OPEN • US6837121036
Current stock price
OPEN Technical Rating and Analysis
Taking everything into account, OPEN scores 2 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month OPEN has a been trading in the 4.36 - 5.67 range, which is quite wide. It is currently trading near the lows of this range.
- OPEN is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 98% of 62 stocks in the same industry.
- OPEN has an average volume of 44603200 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.
OPEN Weekly and Daily overview Charts
OPEN Setup Rating and Analysis
OPEN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.49, a Stop Loss order could be placed below this zone.
More info and screens
OPEN Support and Resistance Analysis
4.40
We found 1 important support area.
- A support zone ranging from 4.44 to 4.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.99 to 5.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.43 from a horizontal line in the weekly time frame.
- Resistance @5.58 from a trend line in the weekly time frame.
- Resistance @6.04 from a trend line in the weekly time frame.
OPEN Technical Indicator Signal Analysis
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 | 98.22 | POSITIVE | OPEN has a high relative strength, it outperformed 98.22% 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 | MIXED | The current price of OPEN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for OPEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests OPEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.66 | NEUTRAL | The Stochastics value for OPEN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for OPEN suggests high volalility. |
| Average Directional Index/ADX (14) | 10.98 | NEGATIVE | The low ADX value for OPEN suggests a weak or negative trend. |
OPEN Chart- and CandleStick Pattern Analysis
OPEN Technicals: Chart, Performance Metrics, Trend & Indicators
4.74
+0.17 (+3.72%)
OPENDOOR TECHNOLOGIES INC / OPEN TA FAQ
What is the ChartMill technical rating of OPENDOOR TECHNOLOGIES INC (OPEN) stock?
ChartMill assigns a technical rating of 2 / 10 to OPEN.
What is the trend direction for OPEN stock?
The current trend direction for OPENDOOR TECHNOLOGIES INC (OPEN) is Bearish.
Can you provide the RSI signal for OPENDOOR TECHNOLOGIES INC?
OPENDOOR TECHNOLOGIES INC (OPEN) has an RSI value of 45.4248. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OPENDOOR TECHNOLOGIES INC?
The MACD indicator for OPENDOOR TECHNOLOGIES INC (OPEN) has a value of -0.0433872, indicating a bearish trend.
What is the buy/sell signal for OPENDOOR TECHNOLOGIES INC (OPEN) stock?
The buy/sell signal for OPENDOOR TECHNOLOGIES INC (OPEN) is sell as both the short term and long term trends are negative.