Opendoor sell signal, week 8
Opendoor slips 2.8% as sellers retake control after last week's bounce
Opendoor sell signal, week 8
Our view last week
Opendoor Technologies is in week 7 of a sell signal, and the week just closed gained 12.1%. On the daily chart, the double bottom in the 4.1 area has already produced a 23% rebound, and short-term readings show RSI and the MACD histogram both improving versus the prior three weeks: signs of a decline losing technical ground.
This week's summary
Opendoor stock sits at the center of a sell signal now in its eighth week: this week's technical analysis shows sellers back in control after last week's 12.1% bounce, with a 2.8% pullback and money flow worsening again. Price remains boxed between the 4.73 and 4.82 areas; the short, open for eight weeks, is currently down 5.19%.
IQS Phase
57
ordinary
Signal Strength
3
decline fading out
Sizing
MINIMUM
Ranking
#92 / 137
US stocks
Trade P&L %
-5.19%
from signal to today
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