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Consumer Portfolio Services Stock Forecast NASDAQ:CPSS

$8.07 (1.00%)

Volume: 79k

Closed: Dec 03, 2021

Hollow Logo Score: 2.245

Consumer Portfolio Services Stock Forecast

$8.07 (1.00%)

Volume: 79k

Closed: Dec 03, 2021

Score Hollow Logo 2.245
Which way will CPSS go? Request
Stop-loss: $7.70 (-4.64%)
Key Stats
Beta 0.46
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 43 and the stock is currently not being overbought or oversold

Green day on Friday for Consumer Portfolio Services
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-10-12 Gain 36.32%

The Consumer Portfolio Services stock price gained 1.00% on the last trading day (Friday, 3rd Dec 2021), rising from $7.99 to $8.07. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 6.68% from a day low at $7.78 to a day high of $8.30. The price has risen in 6 of the last 10 days, but is still down by -6.81% for this period. Volume fell on the last day by -3 thousand shares and in total, 79 thousand shares were bought and sold for approximately $640.95 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 strong 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 54.36% during the next 3 months and, with a 90% probability hold a price between $11.67 and $14.48 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, November 15, 2021, and so far it has fallen -7.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Consumer Portfolio Services stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.87 and $7.47. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $7.35 and $7.29. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Consumer Portfolio Services finds support just below today's level at $7.35. If this is broken, then the next support from accumulated volume will be at $7.29 and $6.27.

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 $0.52 between high and low, or 6.68%. For the last week the stock has had a daily average volatility of 9.76%.

Our recommended stop-loss: $7.70 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Is Consumer Portfolio Services stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Consumer Portfolio Services stock to perform well in the short-term.

Current score: 2.245

Predicted Opening Price for Consumer Portfolio Services of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$8.05 $8.07 (Overvalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 9.76 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.76 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $8.31
Price: $8.07
Support: $7.35

CPSS Insider Trading Show all Trades

INSIDER POWER

2.098

Last 100 transactions
Buy: 2 477 437 | Sell: 1 180 846 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 333 333 Bradley Charles E Jr Stock Option (right to buy)
Nov 23, 2021 Buy 333 333 Bradley Charles E Jr Common Stock, No Par Value
Nov 23, 2021 Buy 166 666 Bradley Charles E Jr Common Stock, No Par Value
Nov 23, 2021 Buy 100 000 Bradley Charles E Jr Common Stock, No Par Value
Nov 17, 2021 Sell 5 000 Terry Chris Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

2.098

Last 100 transactions
Buy: 2 477 437 | Sell: 1 180 846 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.57 6.19 %
8.37 3.73 %
8.25 2.21 %
Current price: 8.07
Support 7.85 -2.71 %
7.73 -4.23 %
7.53 -6.69 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.69 7.68 %
8.43 4.46 %
8.31 2.97 %
Current price 8.07
Support 7.35 -8.92%
7.29 -9.67%
6.27 -22.30%

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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. The company purchases and services 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 histories, ... Read more

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