Consumer Portfolio Services Stock Forecast
A very red day for Consumer Portfolio Services stock price after a -5.52% fall in the Friday trading session
(Updated on May 10, 2024)
The Consumer Portfolio Services stock price fell by -5.52% on the last day (Friday, 10th May 2024) from $8.69 to $8.21. During the last trading day the stock fluctuated 5.66% from a day low at $8.13 to a day high of $8.59. The price has risen in 6 of the last 10 days but is still down by -4.42% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 13 thousand shares were bought and sold for approximately $106.64 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Consumer Portfolio Services stock with a 90% probability to be traded between $7.14 and $9.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CPSS Signals & Forecast
There are few to no technical positive signals at the moment. The Consumer Portfolio Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.66 and $8.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -11.15%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Consumer Portfolio Services stock
Consumer Portfolio Services finds support from accumulated volume at $8.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.460 between high and low, or 5.66%. For the last week the stock has had daily average volatility of 3.82%.
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 13th
For the upcoming trading day on Monday, 13th we expect Consumer Portfolio Services to open at $8.31, and during the day (based on 14 day Average True Range), to move between $7.80 and $8.62, which gives a possible trading interval of +/-$0.411 (+/-5.01%) up or down from last closing price. If Consumer Portfolio Services takes out the full calculated possible swing range there will be an estimated 10.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.07 (1.71%) than the resistance at $8.56 (4.26%), 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 very 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.
Current score: -2.876 Sell Candidate Unchanged
Predicted Opening Price for Consumer Portfolio Services of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $8.31 ( 1.22%) | $8.21 |
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 | 8.77 | 6.82 % | |
| R2 | 8.59 | 4.68 % | ||
| R1 | 8.49 | 3.36 % | ||
| Current price: | 8.21 | |||
| Support | S1 | 8.13 | -0.92 % | |
| S2 | 8.03 | -2.24 % | ||
| S3 | 7.85 | -4.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.24 | 12.55 % | |
| R2 | 8.64 | 5.24 % | ||
| R1 | 8.56 | 4.26 % | ||
| Current price | 8.21 | |||
| Support | S1 | 8.07 | -1.71% | |
| S2 | 7.98 | -2.80% | ||
| S3 | 7.67 | -6.58% |
FAQ
Click here for our free guide on how to buy Consumer Portfolio Services Stock.
