LOOP INDUSTRIES INC (LOOP) Stock Technical Analysis
NASDAQ:LOOP - Nasdaq - US5435181046 - Common Stock - Currency: USD
Overall LOOP gets a technical rating of 3 out of 10. In the past year, LOOP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, LOOP is a bad performer in the overall market: 91% of all stocks are doing better.
LOOP is part of the Chemicals industry. There are 85 other stocks in this industry, of which 78% are performing better than LOOP.
LOOP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month LOOP has a been trading in the 1.05 - 1.44 range, which is quite wide. It is currently trading near the high of this range.
LOOP has an average volume of 1892580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of LOOP is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.06
1.78
When analyzing the support we notice one important area.
- Support @1.07 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @1.50 from a trend line in the daily time frame.
- Resistance @1.68 from a trend line in the daily time frame.
- Resistance @1.76 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.49
Mansfield-3.46
10 Day High1.44
10 Day Low1.05
20 Day High1.44
20 Day Low1.05
52 Week High3.45
52 Week Low0.96
Performance
1 Week22.52%
2 Weeks21.43%
1 Month17.24%
3 Month-3.55%
6 Month-6.02%
12 Month-58.15%
2 Year-47.69%
3 Year-80.4%
5 Year-84.51%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)61.61
LBB1
UBB1.34
1.36
+0.12 (+9.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg9.68%
1 Week22.52%
2 Weeks21.43%
1 Month17.24%
3 Month-3.55%
6 Month-6.02%
12 Month-58.15%
2 Year-47.69%
3 Year-80.4%
5 Year-84.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%6.35%
ATR Inc64.02%
Range Today0.13
ADR(20)0.08
ADR(20)%5.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.49
Mansfield-3.46
10 Day High1.44
10 Day Low1.05
20 Day High1.44
20 Day Low1.05
52 Week High3.45
52 Week Low0.96
CS1 End1.07
CR1 Start1.5
Volume & EV
DER(3)8.93%
DER(5)3.12%
Volume180.30K
Volume Incr46.58%
Vol(5)118.54K
Vol(50)1.89M