FinVolution Group Stock Forecast
FinVolution Group stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The FinVolution Group stock price gained 3.29% on the last trading day (Thursday, 2nd May 2024), rising from $4.87 to $5.03. During the last trading day the stock fluctuated 3.42% from a day low at $4.97 to a day high of $5.14. The price has risen in 7 of the last 10 days and is up by 6.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 434 thousand more shares were traded than the day before. In total, 857 thousand shares were bought and sold for approximately $4.31 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect FinVolution Group stock with a 90% probability to be traded between $4.59 and $5.24 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.
FINV Signals & Forecast
The FinVolution Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.88 and $4.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.48%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for FinVolution Group stock
FinVolution Group finds support from accumulated volume at $5.00 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 $0.170 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: $4.80 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FINV) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect FinVolution Group to open at $5.05, and during the day (based on 14 day Average True Range), to move between $4.88 and $5.18, which gives a possible trading interval of +/-$0.153 (+/-3.05%) up or down from last closing price. If FinVolution Group takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.04 (0.20%) than the support at $5.00 (0.60%), 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.
Is FinVolution Group stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for FinVolution Group stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.588 Buy Candidate Upgraded
Predicted Opening Price for FinVolution Group of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $5.05 ( 0.331%) | $5.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FINV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.22 | 3.71 % | |
| R2 | 5.15 | 2.42 % | ||
| R1 | 5.11 | 1.62 % | ||
| Current price: | 5.03 | |||
| Support | S1 | 4.98 | -0.96 % | |
| S2 | 4.94 | -1.76 % | ||
| S3 | 4.88 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.23 | 3.98 % | |
| R2 | 5.18 | 2.98 % | ||
| R1 | 5.04 | 0.199 % | ||
| Current price | 5.03 | |||
| Support | S1 | 5.00 | -0.596% | |
| S2 | 4.83 | -3.98% | ||
| S3 | 4.71 | -6.36% |
FINV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Apr 15, 2024 | May 07, 2024 | $0.217 | 4.31% |
| 2 | Mar 14, 2023 | Apr 12, 2023 | May 05, 2023 | $0.215 | 5.36% |
| 3 | Mar 15, 2022 | Apr 12, 2022 | May 06, 2022 | $0.205 | 5.54% |
| 4 | Mar 10, 2021 | Apr 06, 2021 | Apr 30, 2021 | $0.170 | 2.53% |
| 5 | Mar 18, 2020 | Apr 06, 2020 | Apr 30, 2020 | $0.120 | 6.25% |
FAQ
Click here for our free guide on how to buy FinVolution Group Stock.
