$FinVolution Group(FINV)$ π ±οΈππ »π »π Έππ ·
πππ $FINV: Swinging Out of the Doom Loop! πππ
Kia ora Tiger traders!
FinVolution Group ($FINV) is breaking free from the doom loop with a powerful intermediate swing setup that has traders gearing up for a potentially huge breakout. Letβs explore this chart-tastic play with its classic setup and imminent momentum.
π₯οΈ Chart Check: A Swing Worth Watching
β’ Current Price: $6.30 as of 22Nov24, π³πΏNZ Time (-0.08% intraday).
β’ Setup: A clear intermediate swing pattern with a tightening range is forming, supported by upward momentum along the curved trendline. Buyers are stepping in near the $6.00 support, and volume suggests accumulation ahead of a potential breakout.
β’ Upside Target: Analysts are eyeing $6.99, representing 11% upside, with resistance just above at $8.40.
β’ Support Zone: Strong support remains intact at $6.00, a level previously tested and held firm during market corrections.
π§ Analyst Recommendations
Hereβs the pulse from the experts:
β’ π’ Buy: 70%
β’ π‘ Hold: 30%
β’ π΄ Sell: 0%
This stock is catching serious buzz with no analysts recommending a sell. Buyers, take note!
π Key Catalysts
1. News:
β’ FinVolution recently announced quarterly results beating analyst expectations, showcasing improved profitability and robust loan originations.
β’ The companyβs AI-powered fintech platform is gaining traction in China, with increasing capital flows bolstering investor confidence.
2. Sector Sentiment: Fintech is experiencing a resurgence, with institutional capital flowing back into key players in the space.
π»π Fun Fact
FinVolution has one of the lowest forward P/E ratios among its peers, currently sitting at 4.77, well below the sector average. Itβs not just swinging; itβs undervalued!
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerStars @TigerPicks @TigerPM @Daily_Discussion @TigerObserver @TigerGPT
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FinVolution Group (FINV) Stock Analysis
Company Overview: FinVolution Group is a fintech platform that offers consumer loans and provides technology-enabled solutions to empower financial institutions. The company operates in China and has seen increasing capital flows and traction in the AI-powered fintech sector.
Earnings and Forecast: FinVolution Group has reported quarterly results that beat analyst expectations, demonstrating improved profitability and robust loan originations. Looking ahead, the company's earnings forecast for the next few years is as follows:
2024FY: Forecast EPS of 9.57 CNY, forecast gross income of 13.17 billion CNY, and forecasting EBIT of 2.48 billion CNY.
2025FY: Forecast EPS of 10.72 CNY, forecast gross income of 14.19 billion CNY, and forecasting EBIT of 2.88 billion CNY.
2026FY: Forecast EPS of 11.68 CNY, forecast gross income of 15.20 billion CNY, and forecasting EBIT of 3.20 billion CNY.
Analyst Recommendations: According to analyst recommendations, 3 analysts recommend, 4 analysts rate it as a buy, and 1 analyst rates it as a hold.
Target Price: The target price estimates by 8 analysts are as follows: The mean target price estimate is 6.99129 USD, with a low estimate of 6.0 USD and a high estimate of 8.4 USD.
Capital Flow Data: In the past 5 days, the capital flow data for FinVolution Group shows a mixture of inflow and outflow:
11-14: -51.03 thousand units (capital outflow)
11-15: 5.98 thousand units (capital inflow)
11-18: 105.84 thousand units (capital inflow)
11-19: 46.64 thousand units (capital inflow)
11-20: 53.83 thousand units (capital inflow)
Support and Resistance Levels: The support level for FinVolution Group is at $6.16 USD (as of 2024-11-20), and the resistance level is at $6.31 USD (as of 2024-11-20). These levels indicate the price range where buyers and sellers are actively participating.
Recent Stock Price: As of 2024-11-22, the stock price for FinVolution Group is $6.295 USD.
Undervalued Stock: FinVolution Group has a forward P/E ratio of 4.77, which is lower than the sector average. This indicates that the stock may be undervalued.
Disclaimer: The above analysis provides an overview of FinVolution Group and its current state. It is important to note that this information should not be considered as investment advice. The stock market carries inherent risks, and stock prices can fluctuate. Investors should conduct independent research and analysis before making investment decisions.
Please keep in mind that the above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and seek professional advice before making any investment decisions.
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