Sell signal's ninth week, selling accelerates sharply
Opendoor sinks another 14.8%: the decline speeds up with sellers at 92%
Sell signal's ninth week, selling accelerates sharply
Our view last week
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.
This week's summary
Opendoor stock tumbles another 14.8% this week, with sellers now at 92% of the trading volume: after last week's 5.6% drop the selling pressure has gotten even sharper, and buyer dominance has collapsed. The short on the sell signal, active for nine weeks, is now up more than 15%; the price is boxed into a tight band between the 3.87 and 3.91 areas.
IQS Phase
80
in tension
Signal Strength
72
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#25 / 141
US stocks
Trade P&L %
+15.34%
from signal to today
Rank position
ranks 25th among the 141 sell signals for US stocks in our ranking, with a signal strength of 72 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
OPEN belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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