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OPENDOOR TECHNOLOGIES INCOPENDOOR TECHNOLOGIES INCOPENDOOR TECHNOLOGIES INC

OPENDOOR TECHNOLOGIES INC

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OPEN - Falling wedge (potential breakup)OPEN has been in a falling wedge for almost 6 months now and is approaching closer to the apex of the wedge. A falling wedge breakup may not necessarily work out well (ie it could continue to drift sideways once the wedge converge and it was "forced" out of the wedge eventually. However a clue that this wedge breakup could work is the higher volume that we see in the past 1.5 weeks as the stock trades in small and tight range (accumulation). So let's see! p/s a break up but subsequent fall back into the wedge below the recent low @ 4.28 confirms a failure of this breakup. (though I feel this odd is lower now). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:OPEN
by Juliac
3
Opendoor to test March 8 lowsBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 17, 2022 with a closing price of 8.27. If this instance is successful, that means the stock should decline to at least 8.14 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 12.193% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 23.192% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 24.512% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 16 trading bars; half occur within 28 trading bars, and one-quarter require at least 32 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NASDAQ:OPENShort
by StockSignaler
2
$OPEN - Falling Through the Trap DoorA good trading friend of mine asked for a fresh set of eyes on $OPEN. I figured I would share here. I don't like the impersonal style of this company. When people sell a home- they want a personal relationship with their realtor. Anyone with their chops would tell you it's best to expose the house to the market and let a bidding war take place. This model is smart, but I would never suggest friends or family use Opendoor. Considering higher rates coming and dropping home sale numbers, look for this name to continue to fall further after a failed breakout and rejection. Especially after missing earnings recently. More information about $OPEN from their website: "Opendoor is a leading digital platform for residential real estate. In 2014, we set out to reinvent life’s most important transaction with a new, radically simple way to buy and sell your home. We have rebuilt the entire consumer real estate experience and have made buying and selling possible on a mobile device. We’ve served tens of thousands of customers who have come to Opendoor to make their moves easier. Whether it’s getting married, starting a family, taking a new job or simply making a life change, we help people get to their next chapter in one simple, seamless transaction. Our mission is to empower everyone with the freedom to move. Opendoor currently operates in a growing number of cities and neighborhoods across the country. A full view of the markets we serve can be found here. Headquartered in San Francisco, we are a team of problem solvers, innovators, and operators building the largest, most trusted platform for residential real estate."
NASDAQ:OPENShort
by jaykenneyTRT
Strong support area provides a good R/ROpendoor $OPEN has delivered better than expected results in the past 2 QE. The fundamentals are strong and this past sell-off was due to the broad market sell-off. At $13.50-$13.75 range we have a strong support area that should hold. If so the minimum rise should be the resistance area of the range-bound rectangle at around $18.50. Entering a BUY position at the current price would provide 2.5+ R/R which is pretty good. If we can get a small dip down to $14.5 then the R/R rises to 4.44 as shown on the chart. Other notable technicals we can see are: - the price should retrace back to 200SMA around $18-$18.5 area - the retracement would be less than 50% Fibo - the price is really over-sold and a counter-trend leg to the upside is expected Not financial advice, DYODD
NASDAQ:OPENLong
by IboProtrader