Opendoor, the decline bites again
Opendoor drops 5.6% as the sell signal tightens its grip again
Opendoor, the decline bites again
Our view last week
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%.
This week's summary
Opendoor stock drops another 5.6% this week, with sellers back to 71% of the trading volume: after last week's 12.1% bounce the picture has turned negative again, and money flow keeps worsening. The sell signal is now in its ninth week, and the short — which had been down as much as 5.19% — is back in a slight profit. This week's technical analysis shows a double bottom in the 4.1 area, still unconfirmed.
IQS Phase
62
ordinary
Signal Strength
25
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#94 / 140
US stocks
Trade P&L %
+0.66%
from signal to today
restricted Platinum content