Open Lending Corp (LPRO): Price Now Near $34.12; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for LPRO

At the moment, LPRO (Get Ratings)’s price is down $-0.26 (-0.76%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as LPRO has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

LPRO ranks 212th in terms of today’s price percentage change out of Banking stocks.

LPRO’s Technical Outlook on the Daily Chart

Currently, LPRO’s price is down $-0.54 (-1.56%) from the day prior. This is the 2nd day in a row LPRO has seen its price head down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows LPRO’s price action over the past 90 days.

LPRO

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LPRO: Daily RSI Analysis

  • For LPRO, its RSI is now at 7.0175.
  • LPRO and RSI both have consistent trends, as they are both heading up.

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