OppFi Inc. Stock Forecast
Weaker technical forecast for OppFi Inc. as stock downgraded to Buy Candidate.
(Updated on Jul 02, 2024)
No changes to the price of OppFi Inc. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 4.60% from a day low at $3.48 to a day high of $3.64. The price has risen in 5 of the last 10 days and is up by 1.73% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.69% during the next 3 months and, with a 90% probability hold a price between $3.91 and $4.44 at the end of this 3-month period.
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OPFI Signals & Forecast
The OppFi Inc. 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 $3.42 and $3.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Monday, July 01, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for OppFi Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.29 and $3.23. 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, OppFi Inc. finds support just below today's level at $3.29. If this is broken, then the next support from accumulated volume will be at $3.23 and $3.21.
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 $0.160 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: $3.39 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (OPFI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect OppFi Inc. to open at $3.55, and during the day (based on 14 day Average True Range), to move between $3.35 and $3.69, which gives a possible trading interval of +/-$0.174 (+/-4.94%) up or down from last closing price. If OppFi Inc. takes out the full calculated possible swing range there will be an estimated 9.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $3.29, some $0.230 (6.53%) from the current price of $3.52, our system finds the risk reward attractive.
Is OppFi Inc. 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 OppFi Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.767 Buy Candidate Downgraded
Predicted Opening Price for OppFi Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.55 ( 0.758%) | $3.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OPFI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.71 | 5.30% |
| R2 | 3.65 | 3.57% |
| R1 | 3.61 | 2.49% |
| Price | 3.52 | |
| S1 | 3.49 | -0.98% |
| S2 | 3.45 | -2.05% |
| S3 | 3.39 | -3.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3.52 | |
| S1 | 3.29 | -6.53% |
| S2 | 3.23 | -8.24% |
| S3 | 3.21 | -8.81% |
OPFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 18, 2024 | May 01, 2024 | $0.120 | 4.43% |
FAQ
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