Price: $1.4
· 1 day: -21.79% · 5 days: -22.22% · 1 month: -38.33% · YTD: -75.99%
As of 2026-11-06 21:00 UTC.
52-week range: $1.37 – $9.46 (currently at 0% of the range).
OPEN is in a downtrend, momentum soft. $1.5 is the level overhead; $1 the first support below.
6 of 6 technical checks lean bearish.
| Trend | Downtrend · below 50-day & below 200-day |
|---|---|
| Momentum | RSI 26.85 · bearish · MACD bearish |
| Trend strength | ADX 30.4 · strong trend |
| Location | -41.2% vs 50-day MA |
| 52-week range | -85% from high · +0% from low |
| Volatility | ATR 0.18 · ~12.9%/day |
| Level | Type | Distance |
|---|---|---|
| $1.5 (resistance) | round | 7.14% |
| $2.0 (resistance) | round | 42.86% |
| $2.38 (resistance) | sma 50 | 70.0% |
| $1.0 (support) | round | -28.57% |
| $0.5 (support) | round | -64.29% |
| RSI (14) | 26.85 | MACD | -0.206 |
|---|---|---|---|
| ADX (14) | 30.4 | ATR (14) | 0.18 |
| 50-day average | $2.38 | 200-day average | $4.09 |
Next earnings: 2026-11-05. OPEN earnings date, time and past reactions.
Report of 2026-11-06.
Opendoor Technologies (OPEN) fell another 5% on November 6, 2026, to $1.70, extending a slide that has left the stock down 26.7% from its October 15 peak and 81.9% below its 52-week high. The quarterly report filed November 5 showed revenue up 12% year over year but a net loss of $218 million, and the market's response has been to sell. The weekly trend remains down, price sits below its 40-week average, and the balance of evidence for the next 2–6 weeks leans negative, with medium conviction.
The story is a company growing revenue but burning cash in a housing market that is contracting. Opendoor's third-quarter revenue of $1.02 billion was up 12% year over year and 16% quarter over quarter, and acquisition volume jumped to 4,865 homes from 1,169 a year earlier, per the 10-Q. But net income was negative $218 million, and the market has focused on the loss, not the growth. The stock fell 5% on the day after the filing and is down 5.6% over five days.
Much of that five-day move is market-wide: the S&P 500, tracked by SPY, fell 4.7% over the same stretch. OPEN's five-day drop of 5.6% is only modestly worse than the market's, but the longer-term underperformance is stark. Over 50 days the stock trails SPY by 25.8 percentage points, and over 200 days by 59.3 points. The stock is not just falling with the market; it is falling faster and has been for months.
The debate about OPEN is whether the business model can work at scale. The company is buying more homes, but the backdrop is hostile: pending home sales fell 7.3% in September, the worst drop in years, and single-family construction is slowing, as Forbes reported. Opendoor's inventory of homes is a liability when prices are falling. On the other side, the company is gaining market share, and the analyst consensus is a hold with a mean price target of $3.91, implying 130% upside from $1.70. The low target is $1.00, the high $7.00, a wide spread that reflects genuine uncertainty about the path to profitability.
The market's reaction to earnings is the clearest signal: a 5% drop on the day of the filing, with no sector-specific news to blame. The stock is trading 56.6% below the mean analyst target, but targets have been cut repeatedly as the price has fallen. The evidence says the market is pricing in continued losses, not a turnaround.
The long-term thesis is broken. The stock is below its 40-week average, below its 200-day average of $4.09, and has made a series of lower highs and lower lows since the October 15 peak of $2.32. The 50-day average is $2.39, and price is 29% below it. The 14-day RSI is 32.3, near oversold, but oversold conditions can persist in a downtrend. The weekly trend is down, and the daily trend runs with it — the two are aligned, which is why the stance is bearish with medium conviction.
For the next 2–6 weeks, the balance of evidence leans negative. The stock is below every meaningful average, the trend is aligned to the downside, and the stock is lagging the market badly. The strongest case against this reading is that the stock is deeply oversold and has a history of bouncing after sharp drops: in 151 cases of a one-day drop of more than 5%, the stock was higher a month later 70.9% of the time, with a median gain of 5.4%. That is a real edge, but it is a short-term trading signal, not a reason to expect a trend change. The 5% drop on November 6 came after a 5.6% five-day decline, and the stock is at a 52-week low — there is no support beneath it until $1.50. The oversold bounce argument does not tip the balance because the fundamental backdrop — a housing market in contraction and a company losing money — has not improved.
The structure holds below $2.00, a round number where sellers have shown up on rallies. The stock closed at $1.70 on November 6, and any bounce toward $2.00 is likely to meet resistance. The level where the trend would end is $4.09, the 200-day average; a weekly close above that would signal a change in the long-term downtrend. Until then, the path of least resistance is down.
The breakout level is a daily close below $1.50, a round number. From $1.70, a break below $1.50 would target $1.00, another round number, giving a reward of $0.50. The stop would be $2.04, based on $2.00 plus a quarter of the 14-day ATR of $0.15, giving a risk of $0.54. The reward-to-risk is 0.9 to 1, well short of the 3 to 1 that makes a downside breakout worth the risk. To reach 3 to 1, the target would need to be near $0.40, which is below the next round support of $1.00 — the math does not work from here. The stock is already at a 52-week low, so the downside breakout is less compelling than it would be from a higher level.
A weekly close above $4.09, the 200-day average, would change the picture — that is the level where the long-term downtrend would be broken. The previous assessment of October 23, 2026, used $4.33 as the level, but the 200-day average has fallen to $4.09, and that is now the line. The one non-price fact that would change the picture is a quarter that shows a path to positive gross margin on a consistent basis, not just revenue growth. The November 5 report did not provide that.
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