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AI Analysis of OSPN
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Stronger technical forecast for OneSpan Inc. stock price after Wednesday trading.
(Updated on Apr 24, 2024)

Buy candidate since Apr 24, 2024 PDF

The OneSpan Inc. stock price gained 2.61% on the last trading day (Wednesday, 24th Apr 2024), rising from $10.71 to $10.99. It has now gained 5 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 3.57% from a day low at $10.63 to a day high of $11.01. The price has risen in 6 of the last 10 days and is up by 6.6% 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, 56 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately $2.35 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.31% during the next 3 months and, with a 90% probability hold a price between $10.54 and $12.94 at the end of this 3-month period.

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OSPN Signals & Forecast

The OneSpan Inc. 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 $10.27 and $10.72. 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 11.46%. 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 OneSpan Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $10.32 and $10.01. 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, OneSpan Inc. finds support just below today's level at $10.32. If this is broken, then the next support from accumulated volume will be at $10.01 and $9.59.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.380 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 3.61%.

Our recommended stop-loss: $10.54 (-4.14%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (OSPN) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect OneSpan Inc. to open at $10.88, and during the day (based on 14 day Average True Range), to move between $10.53 and $11.45, which gives a possible trading interval of +/-$0.455 (+/-4.14%) up or down from last closing price. If OneSpan Inc. takes out the full calculated possible swing range there will be an estimated 8.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.00 (0.09%) than the support at $10.32 (6.10%), 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

OneSpan Inc. will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.210. We will update the financials statements for OneSpan Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.01% in the first trading day after earnings release.

Is OneSpan 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 OneSpan Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.834 Buy Candidate Upgraded

Predicted Opening Price for OneSpan Inc. of Thursday, April 25, 2024

Fair opening price April 25, 2024 Current price
$10.88 ( 1.03%) $10.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OSPN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.26 2.43 %
R2 11.11 1.11 %
R1 11.02 0.290 %
Current price: 10.99
Support S1 10.73 -2.35 %
S2 10.64 -3.17 %
S3 10.50 -4.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.79 7.28 %
R2 11.69 6.37 %
R1 11.00 0.0910 %
Current price 10.99
Support S1 10.32 -6.10%
S2 10.01 -8.92%
S3 9.59 -12.74%

FAQ

What is the symbol for OneSpan Inc. Stock and on which exchange is it traded?
The symbol for OneSpan Inc. is OSPN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell OneSpan Inc. Stock?
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 OneSpan Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy OneSpan Inc. Stock?
OneSpan Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy OneSpan Inc. Stock.

What's the current price of OneSpan Inc. Stock?
As of the end of day on the Apr 24, 2024, the price of an OneSpan Inc. (OSPN) share was $10.99.

What is the 52-week high and low for OneSpan Inc. Stock?
The 52-week high for OneSpan Inc. Stock is $17.20 and the 52-week low is $7.64.

What is the market capitalization of OneSpan Inc. Stock?
As of the Apr 24, 2024, the market capitalization of OneSpan Inc. is 415.309M.

When is the next earnings date for OneSpan Inc.?
The upcoming earnings date for OneSpan Inc. is May 02, 2024.
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About OneSpan Inc.

OneSpan. OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, ... OSPN Profile

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