OppFi Inc. Stock Forecast
OppFi Inc. stock price up 2.65% on Thursday
(Updated on May 09, 2024)
The OppFi Inc. stock price gained 2.65% on the last trading day (Thursday, 9th May 2024), rising from $3.02 to $3.10. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.76% from a day low at $2.96 to a day high of $3.16. The price has risen in 7 of the last 10 days and is up by 17.42% over the past 2 weeks. Volume fell on the last day by -122 thousand shares and in total, 395 thousand shares were bought and sold for approximately $1.23 million. 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $3.03, a level that may pose a second chance to hit a runner. According to fan-theory $4.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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OPFI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -5.78%. 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 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 $2.82 and $2.76. A breakdown below any of these levels will issue sell signals. 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 $2.90 and $2.56. 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 $2.90. If this is broken, then the next support from accumulated volume will be at $2.56 and $2.52.
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 $0.200 between high and low, or 6.76%. For the last week the stock has had daily average volatility of 7.53%.
Our recommended stop-loss: $2.99 (-3.42%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (OPFI) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect OppFi Inc. to open at $3.07, and during the day (based on 14 day Average True Range), to move between $2.90 and $3.30, which gives a possible trading interval of +/-$0.203 (+/-6.55%) up or down from last closing price. If OppFi Inc. takes out the full calculated possible swing range there will be an estimated 13.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.21 (3.55%) than the support at $2.90 (6.45%), 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 OppFi Inc. stock A Buy?
Several short term signals are positive and the break up from the falling indicates a possible shift of trend. We believe prices around the breaking point to be particularly good levels but also believe that the current level will hold a possible good buy level for the short term.
Current score: 1.696 Buy Candidate Unchanged
Predicted Opening Price for OppFi Inc. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $3.07 ( 0.86%) | $3.10 |
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 | 3.27 | 5.59 % | |
| R2 | 3.20 | 3.13 % | ||
| R1 | 3.15 | 1.60 % | ||
| Current price: | 3.10 | |||
| Support | S1 | 3.00 | -3.32 % | |
| S2 | 2.95 | -4.85 % | ||
| S3 | 2.87 | -7.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.79 | 22.26 % | |
| R2 | 3.29 | 6.13 % | ||
| R1 | 3.21 | 3.55 % | ||
| Current price | 3.10 | |||
| Support | S1 | 2.90 | -6.45% | |
| S2 | 2.56 | -17.42% | ||
| S3 | 2.52 | -18.71% |
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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