RSI low/high Values: [ 25 - 75 ]
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AI Analysis of CPSS
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Consumer Portfolio Services stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Consumer Portfolio Services stock price fell by -4.18% on the last day (Thursday, 28th Mar 2024) from $7.89 to $7.56. During the last trading day the stock fluctuated 5.88% from a day low at $7.46 to a day high of $7.90. The price has fallen in 9 of the last 10 days and is down by -7.24% for this period. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 32 thousand shares were bought and sold for approximately $244.71 thousand.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.27 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.16% during the next 3 months and, with a 90% probability hold a price between $6.60 and $8.22 at the end of this 3-month period.

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CPSS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.56%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Consumer Portfolio Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.62 and $8.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Consumer Portfolio Services gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Consumer Portfolio Services stock

Consumer Portfolio Services finds support from accumulated volume at $7.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.439 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 5.38%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CPSS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Consumer Portfolio Services to open at $7.64, and during the day (based on 14 day Average True Range), to move between $7.14 and $7.98, which gives a possible trading interval of +/-$0.420 (+/-5.56%) up or down from last closing price. If Consumer Portfolio Services takes out the full calculated possible swing range there will be an estimated 11.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.54 (0.26%) than the resistance at $7.75 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Consumer Portfolio Services stock A Buy?

Consumer Portfolio Services holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.052 Sell Candidate Downgraded

Predicted Opening Price for Consumer Portfolio Services of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.64 ( 1.03%) $7.56

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CPSS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.08 6.83 %
R2 7.91 4.61 %
R1 7.81 3.25 %
Current price: 7.56
Support S1 7.47 -1.19 %
S2 7.37 -2.56 %
S3 7.20 -4.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.35 10.45 %
R2 8.07 6.75 %
R1 7.75 2.51 %
Current price 7.56
Support S1 7.54 -0.265%
S2 7.30 -3.44%
S3 0 .

FAQ

What is the symbol for Consumer Portfolio Services Stock and on which exchange is it traded?
The symbol for Consumer Portfolio Services is CPSS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Consumer Portfolio Services Stock?
Consumer Portfolio Services holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Consumer Portfolio Services Stock?
Consumer Portfolio Services Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Consumer Portfolio Services Stock.

What's the current price of Consumer Portfolio Services Stock?
As of the end of day on the 2024-03-28, the price of an Consumer Portfolio Services (CPSS) share was $7.56.

What is the 52-week high and low for Consumer Portfolio Services Stock?
The 52-week high for Consumer Portfolio Services Stock is $13.75 and the 52-week low is $7.30.

What is the market capitalization of Consumer Portfolio Services Stock?
As of the 2024-03-28, the market capitalization of Consumer Portfolio Services is 159.669M.

When is the next earnings date for Consumer Portfolio Services?
The upcoming earnings date for Consumer Portfolio Services is Apr 24, 2024.
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About Consumer Portfolio Services

Consumer Portfolio Services Consumer Portfolio Services, Inc. operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit ... CPSS Profile

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