OPENLANE INC (OPLN) Technical Analysis
NYSE:OPLN • US48238T1097
Current stock price
OPLN Technical Rating and Analysis
Taking everything into account, OPLN scores 1 out of 10 in our technical rating. OPLN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than OPLN.
- OPLN is one of the lesser performing stocks in the Commercial Services & Supplies industry. 90% of 81 stocks in the same industry do better.
- In the last month OPLN has a been trading in the 26.30 - 29.08 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
OPLN Weekly and Daily overview Charts
OPLN Setup Rating and Analysis
OPLN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for OPLN 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.
More info and screens
OPLN Support and Resistance Analysis
25.89
We found 1 important support area.
- Support @26.15 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 26.76 to 27.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.66 to 27.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 28.58 to 29.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
OPLN 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 | UP | POSITIVE | The long term trend for OPLN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OPLN is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | OPLN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OPLN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OPLN is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 39.44 | NEUTRAL | The RSI value for OPLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests OPLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.57 | OVERSOLD | The low Stochastics value suggests OPLN may be oversold. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for OPLN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.83 | NEGATIVE | The low ADX value for OPLN suggests a weak or negative trend. |
OPLN Chart- and CandleStick Pattern Analysis
OPLN Technicals: Chart, Performance Metrics, Trend & Indicators
26.75
-0.07 (-0.26%)
OPENLANE INC / OPLN TA FAQ
What is the technical rating for OPLN stock?
ChartMill assigns a technical rating of 1 / 10 to OPLN.
Can you provide the trend direction for OPENLANE INC?
The current trend direction for OPENLANE INC (OPLN) is Bullish.
What is the RSI signal for OPLN stock?
OPENLANE INC (OPLN) has an RSI value of 39.4402. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OPENLANE INC?
The MACD indicator for OPENLANE INC (OPLN) has a value of -0.150013, indicating a bearish trend.
Can you provide the short term momentum for OPENLANE INC?
The short term momentum for OPENLANE INC (OPLN) is negative.