Consumer Portfolio Services Stock Forecast
Red day on Friday for Consumer Portfolio Services stock after losing 0%
(Updated on Apr 26, 2024)
No changes to the price of Consumer Portfolio Services stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 3.44% from a day low at $8.44 to a day high of $8.73. The price has fallen in 5 of the last 10 days and is down by -5.91% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.65% during the next 3 months and, with a 90% probability hold a price between $6.49 and $8.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 $8.67. On a fall, the stock will find some support from the long-term average at approximately $8.21. 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, April 11, 2024, and so far it has fallen -7.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Consumer Portfolio Services stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.07 and $7.98. There is a 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 $8.07. If this is broken, then the next support from accumulated volume will be at $7.98 and $7.67.
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 $0.290 between high and low, or 3.44%. For the last week the stock has had daily average volatility of 4.24%.
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 29th
For the upcoming trading day on Monday, 29th we expect Consumer Portfolio Services to open at $8.59, and during the day (based on 14 day Average True Range), to move between $8.13 and $9.05, which gives a possible trading interval of +/-$0.459 (+/-5.34%) up or down from last closing price. If Consumer Portfolio Services takes out the full calculated possible swing range there will be an estimated 10.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.64 (0.58%) than the support at $8.07 (6.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Consumer Portfolio Services will release earnings BMO on Monday, April 29, 2024. We will update the financials statements for Consumer Portfolio Services, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.91% in the first trading day after earnings release.
Is Consumer Portfolio Services stock A Buy?
Consumer Portfolio Services holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.397 Sell Candidate Unchanged
Predicted Opening Price for Consumer Portfolio Services of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$8.59 ( 0.0388%) | $8.59 |
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 | 8.88 | 3.34 % | |
R2 | 8.77 | 2.05 % | ||
R1 | 8.70 | 1.25 % | ||
Current price: | 8.59 | |||
Support | S1 | 8.48 | -1.33 % | |
S2 | 8.41 | -2.13 % | ||
S3 | 8.30 | -3.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.24 | 7.57 % | |
R2 | 8.83 | 2.79 % | ||
R1 | 8.64 | 0.582 % | ||
Current price | 8.59 | |||
Support | S1 | 8.07 | -6.05% | |
S2 | 7.98 | -7.10% | ||
S3 | 7.67 | -10.71% |
FAQ
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