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AI Analysis of CPSS
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Consumer Portfolio Services stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)

Buy or Hold candidate since Jun 11, 2024 Gain 0.23% PDF

The Consumer Portfolio Services stock price gained 0.82% on the last trading day (Thursday, 20th Jun 2024), rising from $8.49 to $8.56. During the last trading day the stock fluctuated 3.74% from a day low at $8.50 to a day high of $8.82. The price has risen in 6 of the last 10 days and is up by 4.77% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 22 thousand shares were bought and sold for approximately $189.15 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.81% during the next 3 months and, with a 90% probability hold a price between $8.27 and $10.21 at the end of this 3-month period.

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CPSS Signals & Forecast

The Consumer Portfolio Services stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $8.72. On a fall, the stock will find some support from the long-term average at approximately $8.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -4.68%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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

Consumer Portfolio Services finds support from accumulated volume at $8.54 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.318 between high and low, or 3.74%. For the last week the stock has had daily average volatility of 5.50%.

Our recommended stop-loss: $8.24 (-3.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (CPSS) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Consumer Portfolio Services to open at $8.63, and during the day (based on 14 day Average True Range), to move between $8.09 and $9.03, which gives a possible trading interval of +/-$0.469 (+/-5.48%) up or down from last closing price. If Consumer Portfolio Services takes out the full calculated possible swing range there will be an estimated 10.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.54 (0.23%) than the resistance at $8.64 (0.93%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.736 Hold/Accumulate Downgraded

Predicted Opening Price for Consumer Portfolio Services of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$8.63 ( 0.770%) $8.56

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
R3 8.94 4.48%
R2 8.82 3.06%
R1 8.75 2.19%
Price 8.56
S1 8.50 -0.648%
S2 8.43 -1.52%
S3 8.31 -2.94%

Accumulated Volume Support & Resistance Levels

Level Price
R3 9.24 7.94%
R2 8.65 1.05%
R1 8.64 0.93%
Price 8.56
S1 8.54 -0.234%
S2 8.28 -3.27%
S3 8.24 -3.74%

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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate 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 Jun 20, 2024, the price of an Consumer Portfolio Services (CPSS) share was $8.56.

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 $7.03.

What is the market capitalization of Consumer Portfolio Services Stock?
As of the Jun 20, 2024, the market capitalization of Consumer Portfolio Services is 179.943M.

When is the next earnings date for Consumer Portfolio Services?
The upcoming earnings date for Consumer Portfolio Services is Aug 07, 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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