OPEN Daily Technical Analysis
Opendoor Technologies Inc
Online real estate platform that buys and sells homes directly to simplify transactions.
OPEN Technical Analysis Summary
Opendoor Technologies is undergoing a significant correction, having lost roughly 50% of its value from the recent peak. The price is currently finding support near the lower Bollinger Band and the critical 200-day moving average at 4.53. While short-term momentum remains bearish with negative MACD and declining short-term MAs, the proximity to major support and oversold RSI conditions may trigger a stabilization or relief rally.
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OPEN Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep downtrend, trading below the declining 20-day and 50-day SMAs. MACD shows negative momentum with the MACD line below the signal line. However, RSI is approaching oversold territory (33.37), suggesting a potential pause or bounce.
Long-term Sentiment (weeks to months): Neutral
The stock has retraced approximately 50% from its highs and is currently testing the critical 200-day SMA (4.53). While the 200 SMA is still sloping upward, a sustained break below this level would shift the long-term trend to bearish.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:16:44.217Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $4.82 | $4.79 - $4.85 | Strong | Current session low and the Lower Bollinger Band level. |
| $4.52 | $4.50 - $4.53 | Strong | Aligns with the 200-day Simple Moving Average, a major institutional support level. |
| $2.90 | $2.80 - $3.00 | Weak | Previous breakout zone and consolidation area prior to the major rally. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $6.19 | $6.17 - $6.20 | Strong | Middle Bollinger Band (20-day SMA) which acts as immediate dynamic resistance. |
| $6.55 | $6.50 - $6.60 | Strong | 50-day SMA and area of recent price breakdown. |
| $7.75 | $7.50 - $8.00 | Weak | Upper Bollinger Band and previous consolidation support turned resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Deep Correction / Downtrend | Bearish | $4.53 | The stock has established a clear sequence of lower highs and lower lows since the peak near $10.00. |
| Weak | Oversold Bounce Setup | Bullish | $6.17 | Price is touching the lower Bollinger Band while RSI is near 30, often preceding a mean reversion move toward the 20 SMA. |
Frequently Asked Questions about OPEN
What is the current sentiment for OPEN?
The short-term sentiment for OPEN is currently Bearish because Price is in a steep downtrend, trading below the declining 20-day and 50-day SMAs. MACD shows negative momentum with the MACD line below the signal line. However, RSI is approaching oversold territory (33.37), suggesting a potential pause or bounce.. The long-term trend is classified as Neutral.
What are the key support levels for OPEN?
StockDips.AI has identified key support levels for OPEN at $4.82 and $4.52. These levels may represent potential accumulation zones where buying interest could emerge.
Is OPEN in a significant dip or a Value Dip right now?
OPEN has a Value Score of 75/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.