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    Technical Analysis for LOOP - Loop Industries, Inc.

    Grade Last Price % Change Price Change
    F 2.14 2.39% 0.05
    LOOP closed up 2.39 percent on Monday, July 1, 2024, on 26 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. 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.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Down Down Down
    Historical LOOP trend table...
    Date Alert Name Type % Chg
    NR7 Range Contraction 0.00%
    NR7-2 Range Contraction 0.00%
    Narrow Range Bar Range Contraction 0.00%
    Wide Bands Range Expansion 0.00%
    Gapped Up Strength 0.00%
    Oversold Stochastic Weakness 0.00%
    New 52 Week Closing Low Bearish 2.39%
    Hammer Candlestick Bullish 2.39%
    Lizard Bullish Bullish Day Trade Setup 2.39%
    NR7 Range Contraction 2.39%
    Older End-of-Day Signals for LOOP ...

       Recent Intraday Alerts

    Alert Time
    Lizard Bullish Entry about 9 hours ago
    Hammer Candlestick Entry about 9 hours ago
    Rose Above Previous Day's High about 9 hours ago
    Up 1% about 9 hours ago
    Down 3% 3 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: Chemical Acid Plastic Recycling Organic Compounds Commodity Chemicals Pet 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
    Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Jun 6 Loop Industries to Attend 10th Annual ROTH London Conference Taking Place June 25-27th, 2024
    Jun 1 Loop Industries Full Year 2024 Earnings: Beats Expectations
    May 24 Loop Industries to Attend 2024 KeyBanc Capital Markets Industrials and Basic Materials Conference Taking Place May 28-30th, 2024
    May 21 Loop Industries Collaborates With On and Unveils Launch of the Cloudeasy Cyclon, a Shoe Manufactured With the Infinite Loop(TM) Fiber-To-Fiber Recycling Technology
    May 6 Loop Teams With Ester to Establish India-Based Polyester Recycling Plant
    May 2 Loop Industries and Ester Industries Ltd. Announce Joint Venture Agreement to Build an Infinite Loop(TM) Manufacturing Facility in India to Produce rDMT, rMEG and Specialty Polymers From Waste Polyesters with a Significantly Lower Carbon Footprint
    Apr 1 Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024
    Mar 25 Loop Industries to Participate in Gabelli Funds' 10th Annual Waste & Sustainability Symposium Taking Place April 4th, 2024
    Feb 7 Loop Industries: Owning It Can Be Risky
    Jan 24 Loop Industries and Bormioli Pharma Unveil an Innovative Pharmaceutical Packaging Bottle Manufactured with 100% Recycled Virgin Quality Loop PET Resin at Pharmapack 2024
    See more LOOP news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 4.7
    52 Week Low 2.026
    Average Volume 14,924
    200-Day Moving Average 3.14
    50-Day Moving Average 2.60
    20-Day Moving Average 2.33
    10-Day Moving Average 2.17
    Average True Range 0.15
    RSI (14) 35.06
    ADX 35.75
    +DI 14.87
    -DI 23.00
    Chandelier Exit (Long, 3 ATRs) 2.34
    Chandelier Exit (Short, 3 ATRs) 2.48
    Upper Bollinger Bands 2.68
    Lower Bollinger Band 1.98
    Percent B (%b) 0.23
    BandWidth 30.06
    MACD Line -0.15
    MACD Signal Line -0.14
    MACD Histogram -0.0114
    Fundamentals Value
    Market Cap 101.71 Million
    Num Shares 47.5 Million
    EPS -0.23
    Price-to-Earnings (P/E) Ratio -9.30
    Price-to-Sales 1254.83
    Price-to-Book 8.04
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 2.23
    Resistance 3 (R3) 2.23 2.19 2.22
    Resistance 2 (R2) 2.19 2.17 2.20 2.21
    Resistance 1 (R1) 2.17 2.16 2.15 2.17 2.20
    Pivot Point 2.13 2.13 2.13 2.14 2.13
    Support 1 (S1) 2.11 2.11 2.09 2.11 2.08
    Support 2 (S2) 2.07 2.10 2.08 2.07
    Support 3 (S3) 2.05 2.07 2.07
    Support 4 (S4) 2.05