Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Opendoor Technologies Inc (OPEN: NASDAQ) experiencing bearish pressure as of now.</a> </li> 
 <li> <span>2</span> <a>OPEN stock is trading at a level of $3.79 with a trading volume 15.871 Million.</a> </li> 
</ul> 
<p>The price of OPEN stock opened at $3.80 on the last trading day and closed at $3.79 with a change of -2.70% in the whole trading session. The stock made a high of $4.06 and a low of $3.72 with a volume of 15.871 million.</p> 
<p>The 24-hour volume of shares is 15.871 Million and the last 10 days’ average volume of shares is 15.66 Million. OPEN stock has a market capitalization of $2.495 Billion. It has a basic EPS of -$2.22.</p> 
<p>In quarter two, the stock generated a revenue of $1.98 Billion with a net income of $23.00 Million and a profit margin of 1.16%. On the other hand, in the first quarter, the stock generated a revenue of $3.12 Billion with a negative net income of -$101.00 Million and a profit margin of 1.16%.</p> 
<h2 class="wp-block-heading" id="strong-what-technical-indicators-say-of-open-stock-strong"><strong>What Technical Indicators Say of OPEN Stock?</strong></h2> 
<p>The OPEN <a href="https://www.thecoinrepublic.com/2023/08/23/open-stock-price-analysis-will-opendoor-break-the-level-of-1/" rel="noopener noreferrer nofollow">stock price</a> has shown Bearish momentum in the past trading sessions. However, the stock price has trended above the 50-day and 200-day moving averages, giving a positive outlook. Opendoor Technologies’ stock price could start a new uptrend and move higher if the buying pressure supports the price. Furthermore, the daily chart signals a neutral perspective at the moment.</p> 
<p>According to the technical indicators, the OPEN stock is showing neutral signals. MACD, RSI, and super trend support the stock. The MACD line has been trading close to the zero line, signaling neutral momentum. The RSI is above 50, showing neutral momentum. The super trend line is beneath the price, ensuring an upward trend. These indicators imply that the stock is in a neutral trend and might consolidate in upcoming sessions.</p> 
<p>On the 4-hour charts, Opendoor Technologies stock is on the verge of breaking below 50 EMA, which registers when the price trades below $3.71. However, buyers are accumulating the stock by defending it from the support.</p> 
<p>The RSI curve floating near 58 showed a downfall from the neutral zone indicating sellers’ presence in the previous trading sessions. The MACD indicator shows neutrality and maintains mild green bars on the histogram, suggesting the neutrality of the stock.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Opendoor Technologies (NASDAQ: OPEN) technical indicators also confirm the mild bearish trend. The MACD, RSI, and EMA are showing neutral signals and suggest that the OPEN stock price may continue to fall if buyers do not support the price. Investors and traders are bearish on the 1-D time frame. The price action reflects a pessimistic outlook at the moment. Moreover, Opendoor Technologies investors avoid the fear of missing out. They create scarcity in the stock market to attract more investors and creditors. It is better to stay away from it as this may cause more market volatility.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> S1 $2.84, and S2 $1.77.</li> 
 <li><strong>Resistance Levels: </strong>R1 $4.12, and R2 $5.19<strong>.</strong></li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

OPEN Stock Price Prediction: Will Opendoor Technologies Rebound?

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Thecoinrepublic.com

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