US stocks · sell signal, week 21
Opendoor drops 9% to a fresh 30-week low as the weekly RSI sinks below 30
Our view last week
Last week's pause did not hold: Opendoor falls 5.1% and sets a new 30-week low in the 2.25 area, confirmed by the weekly close. Off that low the price recovered, and the week closed in the upper half of its range for the first time in 4 weeks. Technical analysis of Opendoor stock still reads bearish: weekly RSI at 29.4, money flow negative for 22 weeks, price action on contracting volume. Among US stocks on a sell signal, this short is more than 46% in profit.
This week's summary
A second fresh 30-week low in 2 weeks: Opendoor drops 9% and slides to the 2.13 area, with the weekly close confirming the break. Last week's recovery found no follow-through. Technical analysis of Opendoor stock stays bearish: weekly RSI at 27.7, in oversold territory, and money flow negative for 23 weeks. Price action does show contracting volume, though. Among US stocks on a sell signal, this short is now more than 50% in profit.
IQS Phase
74
in tension
Signal Strength
55
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#19 / 174
US stocks
Trade P&L %
+50.99%
from signal to date, no stop loss
Opendoor Technologies (OPEN) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 19th among the 174 sell signals for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly +2.32% · monthly -4.08%
OPEN belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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