OPENLANE INC (OPLN) Stock Technical Analysis
NYSE:OPLN • US48238T1097
We assign a technical rating of 3 out of 10 to OPLN. 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.
- 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. 92% of 81 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month OPLN has a been trading in the 25.81 - 30.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of OPLN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.22
We can see 2 important resistance areas.
- A resistance zone ranging from 28.63 to 28.80. 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) | 47.69 | NEUTRAL | The RSI value for OPLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests OPLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.47 | NEUTRAL | The Stochastics value for OPLN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for OPLN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.88 | NEGATIVE | The low ADX value for OPLN suggests a weak or negative trend. |
28.51
+0.02 (+0.07%)
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 47.6948. 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 -0.528469, indicating a bearish trend.
Can you provide the short term momentum for OPENLANE INC?
The short term momentum for OPENLANE INC (OPLN) is positive.