On Deck Capital, Inc. (ONDK) Stock Formed Bullish Wedge Up Pattern. What To Expect?

December 7, 2017 - By Kurt Siggers

The stock of On Deck Capital, Inc. (ONDK) formed an up wedge with $5.58 target or 8.00 % above today’s $5.17 share price. The 7 months wedge indicates low risk for the $380.69M company. If the $5.58 price target is reached, the company will be worth $30.46M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.77% or $0.04 during the last trading session, reaching $5.17. About 281,070 shares traded. On Deck Capital, Inc. (NYSE:ONDK) has declined 25.17% since December 8, 2016 and is downtrending. It has underperformed by 41.87% the S&P500.

On Deck Capital, Inc. (NYSE:ONDK) Ratings Coverage

Among 18 analysts covering On Deck Capital (NYSE:ONDK), 2 have Buy rating, 1 Sell and 15 Hold. Therefore 11% are positive. On Deck Capital had 55 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Tuesday, February 23. As per Tuesday, May 3, the company rating was downgraded by BTIG Research. The rating was maintained by FBR Capital on Tuesday, February 23 with “Outperform”. The stock of On Deck Capital, Inc. (NYSE:ONDK) earned “Hold” rating by Stifel Nicolaus on Tuesday, August 8. The company was downgraded on Tuesday, May 31 by Wood. Stifel Nicolaus downgraded On Deck Capital, Inc. (NYSE:ONDK) rating on Tuesday, May 9. Stifel Nicolaus has “Hold” rating and $4.50 target. The rating was maintained by Compass Point with “Neutral” on Tuesday, February 23. Canaccord Genuity maintained the stock with “Hold” rating in Sunday, October 1 report. The stock has “Market Perform” rating by FBR Capital on Tuesday, May 3. On Tuesday, November 3 the stock rating was maintained by Compass Point with “Sell”.

More recent On Deck Capital, Inc. (NYSE:ONDK) news were published by: Wsj.com which released: “Activist Investor Pushes for New Strategy at On Deck Capital” on March 31, 2017. Also Fool.com published the news titled: “Why On Deck Capital Stock Jumped More Than 20% on Monday” on August 07, 2017. Wsj.com‘s news article titled: “On Deck Capital, a Fallen Fintech Star, to Focus on Turning a Profit” with publication date: May 08, 2017 was also an interesting one.

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