Company Overview: FinVolution Group, (NYSE: FINV) formerly PPDAI GROUP INC, is a China-based company mainly engaged in operating an online consumer finance platform. The Company’s products and services include loan services offered to borrowers, investment services offered to individual investors and institutional funding partners.

As per our previous US Daily Report published on ‘FINV’ on 18^th October 2024, Kalkine provided a ‘Buy’ stance on the stock at USD 5.93, based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and has generated around 38.11% return with attainment of both resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

FINV’s Daily Chart 

Considering the current trading levels, volatile macro environment, attainment of both resistance 1 and resistance 2, tariffs increased both by US and China, breaking of key important support of USD 8.50-USD 9.00 now acting as resistance, and risks associated, a ‘Sell’ rating is assigned to the “FINV” at the current market price of USD 8.19, as of April 10, 2025, at 07:00 am PDT. 

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is April 10, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’