OneMain Holdings Announces Increase in Share Repurchase AuthorizOMF: OneMain Holdings, Inc.
2021-12-14 06:45:00
OneMain Holdings Announces Increase in Share Repurchase Authorization
OMF trade ideas
ONEMAIN HLDGS Offer DailyHey my friends, ONEMAIN HLDGS is in a bullish dynamic with a candle carrying neutral water and a slowdown in the executed purchase volume. On the TIMEFRAME M1 we see a dash with a weak explosion in the negotiated purchase volume, it goes on the VWAP to find behind the base of the bollinger. In order to check it then the sound higher and finish on the top of the consolidation zone to retest it. Great propability to breakout the price with a surge of momentum thereafter the zone to reach a new one and stick to the next higher.
Arrival in a golden point or a triangle to go directly to the top that follows with the breakout of a consolidation zone. And access the top of the FIBONNACI RETRACEMENT for conviction to check it.
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Is OneMain Holdings value stock undervalued? "The Graham number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share." - Investopedia
I've added the Graham Number indicator to this chart, written by user @Pleadian. The number does not work well for high P/E growth stocks.
However, here is OneMain Holdings. You can see how from 2017 to the end of 2018 it follows the Graham Number closely. However after the 2018 correction, the stock price has diverged from that number.
Their eps YoY growth before this year's pandemic correction, was +67% and +54%.
Currently trading at only at a 8 P/E ratio and paying out a dividend that yields 4.5%, this could be a resilient value stock that just might act like a growth stock for awhile too!
Buy Point: 41.27
Stop Loss: 37.02 (10.29%)
Position Size: R9.72
