Technical Analysis for LOOP - Loop Industries, Inc.

Grade Last Price % Change Price Change
F 2.75 -1.79% -0.05
LOOP closed down 1.79 percent on Wednesday, March 27, 2024, on 58 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Flat

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Pocket Pivot Bullish Swing Setup -1.79%
Volume Surge Other -1.79%
Volume Surge Other 1.10%
Wide Bands Range Expansion 1.10%
Wide Bands Range Expansion -2.14%
MACD Bullish Signal Line Cross Bullish -5.17%
Pocket Pivot Bullish Swing Setup -5.17%
Wide Bands Range Expansion -5.17%
Oversold Stochastic Weakness -5.17%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 18 hours ago
10 DMA Support about 19 hours ago
Fell Below Previous Day's Low about 19 hours ago
60 Minute Opening Range Breakdown about 21 hours ago
Down 3% about 21 hours ago

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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: Chemical Acid Plastic Organic Compounds Recycling Pet Commodity Chemicals Carpet Thermoplastic Water Conservation Landfill Polyethylene Dielectric 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 4.7
52 Week Low 2.59
Average Volume 30,105
200-Day Moving Average 3.28
50-Day Moving Average 3.12
20-Day Moving Average 2.83
10-Day Moving Average 2.76
Average True Range 0.15
RSI (14) 43.18
ADX 27.03
+DI 13.88
-DI 22.39
Chandelier Exit (Long, 3 ATRs) 2.99
Chandelier Exit (Short, 3 ATRs) 3.06
Upper Bollinger Bands 3.12
Lower Bollinger Band 2.53
Percent B (%b) 0.37
BandWidth 20.70
MACD Line -0.11
MACD Signal Line -0.12
MACD Histogram 0.0174
Fundamentals Value
Market Cap 130.7 Million
Num Shares 47.5 Million
EPS -0.23
Price-to-Earnings (P/E) Ratio -11.96
Price-to-Sales 1254.83
Price-to-Book 8.04
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.88
Resistance 3 (R3) 2.88 2.83 2.86
Resistance 2 (R2) 2.83 2.80 2.83 2.85
Resistance 1 (R1) 2.79 2.78 2.77 2.79 2.84
Pivot Point 2.75 2.75 2.74 2.75 2.75
Support 1 (S1) 2.71 2.71 2.68 2.71 2.66
Support 2 (S2) 2.66 2.69 2.66 2.65
Support 3 (S3) 2.62 2.66 2.64
Support 4 (S4) 2.62