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    Technical Analysis for LOOP - Loop Industries, Inc.

    Grade Last Price % Change Price Change
    F 1.31 -0.76% -0.01
    LOOP closed down 0.76 percent on Friday, November 1, 2024, on 1.39 times 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%
    Narrow Range Bar Range Contraction 0.00%
    Doji - Bullish? Reversal 0.00%
    Wide Bands Range Expansion 0.00%
    Down 3 Days in a Row Weakness 0.00%
    Down 4 Days in a Row Weakness 0.00%
    Oversold Stochastic Weakness 0.00%
    Narrow Range Bar Range Contraction -0.76%
    Stochastic Reached Oversold Weakness -0.76%
    Wide Bands Range Expansion -0.76%
    Older End-of-Day Signals for LOOP ...

       Recent Intraday Alerts

    Alert Time
    60 Minute Opening Range Breakout about 22 hours ago
    Up 2% about 22 hours ago
    Up 1% about 22 hours ago
    Fell Below Previous Day's Low 1 day ago
    60 Minute Opening Range Breakdown 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: 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
    Oct 22 Loop Industries to Participate in the 13th Annual ROTH Technology Conference Taking Place November 19-20, 2024
    Oct 17 Loop Industries Second Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag
    Oct 16 Loop Industries GAAP EPS of -$0.10 in-line
    Oct 15 Loop Industries Reports Second Quarter Fiscal 2025 Results and Provides Update on Financing and Commercialization Plans
    Aug 30 Loop Industries files for $175M mixed securities shelf
    Aug 2 Loop Industries files to sell 7.07M shares of common stock for holders
    Jul 31 Loop Industries Announces Important Milestone Towards Completing the Previously Announced Reed Management Financing Package and Partnership
    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
    See more LOOP news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 4.7
    52 Week Low 1.17
    Average Volume 25,034
    200-Day Moving Average 2.33
    50-Day Moving Average 1.58
    20-Day Moving Average 1.58
    10-Day Moving Average 1.43
    Average True Range 0.13
    RSI (14) 37.89
    ADX 30.21
    +DI 13.02
    -DI 33.31
    Chandelier Exit (Long, 3 ATRs) 1.51
    Chandelier Exit (Short, 3 ATRs) 1.67
    Upper Bollinger Bands 1.95
    Lower Bollinger Band 1.21
    Percent B (%b) 0.14
    BandWidth 46.94
    MACD Line -0.08
    MACD Signal Line -0.05
    MACD Histogram -0.0343
    Fundamentals Value
    Market Cap 62.26 Million
    Num Shares 47.5 Million
    EPS -0.23
    Price-to-Earnings (P/E) Ratio -5.70
    Price-to-Sales 1254.83
    Price-to-Book 8.04
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 1.39
    Resistance 3 (R3) 1.39 1.37 1.37
    Resistance 2 (R2) 1.37 1.35 1.37 1.37
    Resistance 1 (R1) 1.34 1.34 1.34 1.34 1.36
    Pivot Point 1.32 1.32 1.32 1.32 1.32
    Support 1 (S1) 1.29 1.30 1.29 1.29 1.26
    Support 2 (S2) 1.27 1.29 1.27 1.25
    Support 3 (S3) 1.24 1.27 1.25
    Support 4 (S4) 1.24