Opendoor's bounce fades as the sell signal stays open
Opendoor slips again as our model flags an exit from the sell signal
Our view last week
This week's 4.4% bounce brought buyers back to 80% of Opendoor's volume, after last week's 7.6% plunge. Our weekly technical analysis of Opendoor stock still shows the price below its 50-week average and below the Ichimoku cloud: the sell signal, under management for 13 weeks, keeps the short more than 19% in the money. A falling ADX points to a trend losing steam, not reversing.
This week's summary
Opendoor's bounce has already faded: after last week's 4.4% pop, the stock is giving ground again. The sell signal has been running for 13 weeks and remains profitable, but the weekly picture — price below the 50-week average and below the Ichimoku cloud — points to a trend losing steam rather than accelerating. Our model flags this name as high risk for new positions.
IQS Phase
62
ordinary
Signal Strength
19
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#58 / 93
US stocks
Trade P&L %
+22.08%
from signal to date, no stop loss
Rank position
ranks 58th among the 93 sell signals for US stocks in our ranking, with a signal strength of 19 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
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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