When examining the comparative trends and prices of Lemonade Inc. (LMND) and Opendoor Technologies Inc. (OPEN), several critical metrics present a comprehensive view of their recent market performance. Both firms occupy different sectors - with LMND residing in Property/Casualty Insurance, and OPEN belonging to Real Estate Development.
For swing traders, understanding the Downtrend Protection indicator is crucial. This technical analysis (TA) strategy helps mitigate losses during downtrends, providing a safety net during market volatility.
In recent figures, LMND showed a Downtrend Protection v.2 (TA) value of 20.35%, slightly higher than OPEN's figure of 19.52%. This modest edge could suggest a slightly stronger management strategy from LMND during the same trading period.
Comparative Price Growth
The week-to-week price change is another vital barometer to gauge stock performance. Recently, LMND experienced a substantial -14.37% price change, significantly underperforming the sector's average weekly price change of -1.16%. This plunge in price is a departure from LMND's industry's average monthly and quarterly growth, which stood at +2.86% and +10.66% respectively.
OPEN, on the other hand, saw a smaller price reduction of -2.66% for the same week, falling below its industry's average weekly decline of -0.63%. Unlike LMND, OPEN's weekly performance was more in line with the Real Estate Development industry's overall price growth trend. This industry's average monthly growth was +1.42%, with quarterly growth of +1.63%.
Upcoming Earnings Reports
Investors often anticipate earnings reports as they provide vital insights into a company's financial health. LMND is set to announce its earnings on August 16, 2023, while OPEN's report will be available a week earlier, on August 9, 2023. These upcoming earnings reports could provide investors with more data to further evaluate the two companies' performances.
OPEN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 14, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 32 instances where the indicator turned negative. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on OPEN as a result. In of 59 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
OPEN moved below its 50-day moving average on August 31, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OPEN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for OPEN entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where OPEN advanced for three days, in of 189 cases, the price rose further within the following month. The odds of a continued upward trend are .
OPEN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OPEN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.797) is normal, around the industry mean (4.349). P/E Ratio (0.000) is within average values for comparable stocks, (38.928). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.501). Dividend Yield (0.000) settles around the average of (0.057) among similar stocks. P/S Ratio (0.167) is also within normal values, averaging (13.381).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OPEN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
A.I.dvisor indicates that over the last year, OPEN has been closely correlated with RDFN. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if OPEN jumps, then RDFN could also see price increases.