OppFi (OPFI) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Core Insights - The stock price of OppFi Inc. (OPFI) has been on a bearish trend, losing 7.4% over the past four weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2] Technical Analysis - The hammer chart pattern indicates a potential bottom in the stock price, suggesting that selling pressure may be exhausting and that bulls could be gaining control [2][5] - A hammer pattern forms when there is a small candle body with a long lower wick, typically occurring during a downtrend, signaling a possible reversal if it appears at the bottom of the trend [4][5] - The effectiveness of the hammer pattern is enhanced when used alongside other bullish indicators, as its strength is dependent on its placement on the chart [6] Fundamental Analysis - Recent upward revisions in earnings estimates for OPFI serve as a bullish indicator, correlating strongly with near-term stock price movements [7] - Over the last 30 days, the consensus EPS estimate for the current year has increased by 10.6%, indicating that analysts expect better earnings than previously predicted [8] - OPFI holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10]