Onity Group Inc

ONIT remains in a Stage 4 decline, trading below key EMAs and major moving averages. The medium-term bias is bearish, underpinned by distribution volume, declining momentum, and failed bounce attempts at resistance. Short-term execution favors the downside as price rejects the 9/21 EMA and the 50 DMA. The long-term uptrend remains intact, but sustained breaks below the DMAs could deepen the decline. The active Bearish Exhaustion pattern signals potential for a relief bounce, adding moderation risk to the bearish stance.

• ↑Q1 2026 revenue of $115 M up 26% YoY driven by Consumer Direct originations
• ↑Subservicing additions jumped 94% YoY, on track for $28 B H1 target
• ↓Elevated debt levels constrain flexibility during downturns