Technical Analysis for LOOP - Loop Industries, Inc.

Grade Last Price % Change Price Change
F 8.61 -6.72% -0.62
LOOP closed down 6.72 percent on Friday, February 26, 2021, on approximately normal volume. It ran into resistance at its 50 day moving average. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical LOOP trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Older End-of-Day Signals for LOOP ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 5% 2 days ago
60 Minute Opening Range Breakdown 2 days ago
Down 3% 2 days ago
Down 2 % 2 days ago
Down 1% 2 days ago
View Earlier Intraday Alerts

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Profile

Loop Industries, Inc. Description

Loop Industries, Inc., formerly First American Group Inc., is a manufacturer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), the chemical components used in manufacturing polyethylene terephthalate (PET). The Company is engaged in designing, prototyping and building a closed loop plastics recycling business using a de-polymerization technology. Its technology uses waste PET plastics, such as water bottles, soda bottles, consumer packaging, carpets and industrial waste as feedstock to process. These feedstocks are available through municipal triage centers, industrial recycling and landfill reclamation projects. The Company operates in the United States and Canada. The Company focuses on depolymerizing waste plastics and converts them into valuable chemicals, ready to be reintroduced into the manufacturing of virgin plastics.


Classification

Sector: Industrials
Industry: Waste Management
Keywords: Chemicals Acid Plastics Organic Compounds Recycling Pets Commodity Chemicals Landfill Carpet Polyethylene Water Conservation Dielectrics Thermoplastics Industrial Waste Polyethylene Terephthalate Terephthalic Acid

Is LOOP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 13.96
52 Week Low 5.7
Average Volume 276,190
200-Day Moving Average 9.63
50-Day Moving Average 9.69
20-Day Moving Average 10.80
10-Day Moving Average 10.42
Average True Range 0.88
ADX 26.43
+DI 21.05
-DI 33.20
Chandelier Exit (Long, 3 ATRs ) 10.92
Chandelier Exit (Short, 3 ATRs ) 11.10
Upper Bollinger Band 12.58
Lower Bollinger Band 9.01
Percent B (%b) -0.11
BandWidth 33.10
MACD Line -0.10
MACD Signal Line 0.26
MACD Histogram -0.362
Fundamentals Value
Market Cap 360.03 Million
Num Shares 41.8 Million
EPS -0.49
Price-to-Earnings (P/E) Ratio -17.43
Price-to-Sales 0.00
Price-to-Book 10.98
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.86
Resistance 3 (R3) 11.06 10.52 10.48
Resistance 2 (R2) 10.52 9.94 10.41 10.36
Resistance 1 (R1) 9.56 9.59 9.29 9.36 10.23
Pivot Point 9.02 9.02 8.88 8.92 9.02
Support 1 (S1) 8.06 8.44 7.79 7.86 6.99
Support 2 (S2) 7.52 8.09 7.42 6.86
Support 3 (S3) 6.56 7.52 6.74
Support 4 (S4) 6.36