OPEN: iBuyer Chill Continues; Bulls Defend $7–8 Support Zone
$Opendoor Technologies Inc(OPEN)$
$7.59 (−2.32%): Post-squeeze cool-down as iBuyer trade drifts; bulls fighting to hold the $7–8 range
Market Recap (as of Oct 31, 2025):
Opendoor Technologies closed at $7.59, down 2.32% on the day and sitting about 30% below its 52-week high near $10.87. Volume (~87M) was well under the ~267M average, pointing to orderly consolidation rather than capitulation.
The stock is digesting its huge summer squeeze while investors weigh high mortgage rates and sluggish housing turnover ahead of Nov 6 earnings.
With TTM EPS −0.43, OPEN has no meaningful trailing P/E; unlike the S&P 500’s ~23× forward multiple, the name is still valued mainly on revenue growth and the path toward breakeven rather than steady profits.
Technical Indicators Analysis:
Technically, price is sandwiched between a flat 20-day EMA ~$7.64 and rising 50-day EMA ~$6.93. MACD is near zero and slightly negative, RSI ~50, a textbook neutral, range-bound setup.
The recent tight candles around $7.5 suggest volatility compression; near-term base case is a $7.00–$8.20 chop unless earnings surprise. Key supports sit at $7.00, then $6.70–6.50 near the 50-day; resistance comes in at $8.20–8.50, then $9.00.
My tactical bias is a capped rebound toward $8–9 if results are constructive, versus downside back toward the mid-$6s if $7 breaks on volume.
Risk disclaimer: This commentary is for informational and technical-analysis purposes only and does not constitute investment advice or a recommendation to buy or sell any security.
Please do your own research and manage risk and position sizing carefully.
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