OPEN Weekly 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 volatility event, with a sharp weekly correction retesting the validity of its recent breakout. While the short-term technicals are bearish due to momentum loss and a MACD crossover, the long-term thesis remains constructive as the price holds above the now-bullish alignment of the 50 and 200-week moving averages. Investors should watch the $4.00 level closely as a critical support zone for the primary uptrend to remain intact.
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OPEN Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The stock is experiencing a sharp pullback, dropping over 14% in the current week with increased volume. Momentum indicators confirm this weakness, with the MACD executing a bearish crossover and the RSI falling below the neutral 50 level.
Long-term Sentiment (weeks to months): Bullish
Despite the recent pullback, the long-term trend structure has improved significantly. The stock has successfully based and is trading above both the rising 50-week and the 200-week SMAs, which recently formed a bullish 'Golden Cross' configuration.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:38:26.176Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $4.00 | $3.90 - $4.10 | Strong | Confluence of the rising 50-week SMA (currently 3.98) and previous consolidation zones. |
| $3.22 | $3.15 - $3.30 | Strong | Key structural support provided by the 200-week SMA (currently 3.21). |
| $2.45 | $2.30 - $2.60 | Weak | Previous breakout base level. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $6.75 | $6.50 - $7.00 | Weak | Intermediate resistance zone from recent price action. |
| $9.30 | $9.00 - $9.60 | Strong | Recent swing high and upper Bollinger Band resistance area. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Golden Cross | Bullish | N/A | The 50-week SMA has crossed above the 200-week SMA, signaling a potential long-term trend reversal from bearish to bullish. |
| Strong | Rounding Bottom | Bullish | N/A | A multi-year basing structure where price stabilized after a significant downtrend and began making higher highs. |
| Weak | Deep Retest / Pullback | Neutral | $4.00 | Price is currently correcting sharply from recent highs to retest the moving average support zones. |
Frequently Asked Questions about OPEN
What is the current sentiment for OPEN?
The short-term sentiment for OPEN is currently Bearish because The stock is experiencing a sharp pullback, dropping over 14% in the current week with increased volume. Momentum indicators confirm this weakness, with the MACD executing a bearish crossover and the RSI falling below the neutral 50 level.. The long-term trend is classified as Bullish.
What are the key support levels for OPEN?
StockDips.AI has identified key support levels for OPEN at $4.00 and $3.22. 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 84/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.