OPENLANE INC (OPLN) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OPLN • US48238T1097
Taking everything into account, OPLN scores 3 out of 10 in our technical rating. In the last year, OPLN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, OPLN is a bad performer in the overall market: 100% of all stocks are doing better.
- OPLN is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, of which 93% are performing better than OPLN.
- In the last month OPLN has a been trading in the 28.76 - 31.32 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are positive. This is a very positive sign.
Although the technical rating is bad, OPLN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
28.57
We found 1 important support area.
- Support @28.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.70 to 30.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.30 from a horizontal 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 | UP | POSITIVE | The long term trend for OPLN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OPLN is up. |
| 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). |
| Relative Strength Index/RSI (14) | 42.35 | NEUTRAL | The RSI value for OPLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.15 | NEGATIVE | The MACD value suggests OPLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.67 | OVERSOLD | The low Stochastics value suggests OPLN may be oversold. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for OPLN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for OPLN suggests a weak or negative trend. |
29.43
+0.57 (+1.98%)
OPENLANE INC / OPLN FAQ
What is the technical rating for OPLN stock?
ChartMill assigns a technical rating of 3 / 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 42.3463. 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 -1.15088, indicating a bearish trend.
Can you provide the short term momentum for OPENLANE INC?
The short term momentum for OPENLANE INC (OPLN) is positive.