OppFi Inc. Stock Forecast
Stronger technical forecast for OppFi Inc. stock price after Friday trading.
(Updated on Apr 26, 2024)
The OppFi Inc. stock price gained 0.758% on the last trading day (Friday, 26th Apr 2024), rising from $2.64 to $2.66. During the last trading day the stock fluctuated 7.42% from a day low at $2.56 to a day high of $2.75. The price has fallen in 7 of the last 10 days and is down by -16.88% for this period. Volume fell on the last day by -68 thousand shares and in total, 212 thousand shares were bought and sold for approximately $564.57 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 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 -21.19% during the next 3 months and, with a 90% probability hold a price between $1.63 and $2.47 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OPFI Signals & Forecast
There are few to no technical positive signals at the moment. The OppFi Inc. 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 $2.87 and $2.70. 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 -19.15%. 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 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 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
OppFi Inc. finds support from accumulated volume at $2.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.190 between high and low, or 7.42%. For the last week the stock has had daily average volatility of 7.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OPFI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect OppFi Inc. to open at $2.66, and during the day (based on 14 day Average True Range), to move between $2.45 and $2.87, which gives a possible trading interval of +/-$0.206 (+/-7.73%) up or down from last closing price. If OppFi Inc. takes out the full calculated possible swing range there will be an estimated 15.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.56 (3.76%) than the resistance at $2.90 (9.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OppFi Inc. stock A Buy?
OppFi Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.656 Sell Candidate Upgraded
Predicted Opening Price for OppFi Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $2.66 ( 0.125%) | $2.66 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2.85 | 7.02 % | |
| R2 | 2.77 | 4.29 % | ||
| R1 | 2.73 | 2.60 % | ||
| Current price: | 2.66 | |||
| Support | S1 | 2.58 | -2.85 % | |
| S2 | 2.54 | -4.54 % | ||
| S3 | 2.47 | -7.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.21 | 20.68 % | |
| R2 | 3.04 | 14.29 % | ||
| R1 | 2.90 | 9.02 % | ||
| Current price | 2.66 | |||
| Support | S1 | 2.56 | -3.76% | |
| S2 | 2.52 | -5.26% | ||
| S3 | 2.41 | -9.40% |
OPFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 18, 2024 | May 01, 2024 | $0.120 | 4.51% |
FAQ
Click here for our free guide on how to buy OppFi Inc. Stock.
