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.

• ↑Q2 2026 revenue $240M (+24% YoY) on record $15.5B origination volume
• ↑Adjusted pre-tax income surged over 300% YoY driven by higher origination
• ↓Servicing adjusted pre-tax income plunged >60% YoY amid MSR volatility