OSPN | Q3 2026 - Day ChartOneSpan Inc.BATS:OSPNStudyGuideTAOneSpan Inc. || MARKET-BEATING SCORE = 8/10 Dividend yield (indicated) 3.23% "engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person " ----------------------------------- PEGY 0.70 — undervalued vs growth. Strong market beater. EPS growth 8.8% — modest. Revenue growing 4.0% YoY — steady. Gross margin 73.9% — strong moat. FCF margin 19.4% — real cash generation. D/E 0.03 — conservative leverage. ----------------------------------- KEY RISK ASSESSMENT "Could a policy change or major competitor disrupt growth in the next 2 years?" OneSpan faces intense competition from larger rivals like DocuSign and Adobe, whose scale and integrated ecosystems could limit market share growth or lead to pricing pressures. Regulatory shifts regarding data sovereignty and cybersecurity standards, particularly in the financial sector, may necessitate rapid and costly product pivots that impact short-term profitability. Furthermore, the potential for Big Tech companies to further embed identity and authentication features directly into enterprise platforms remains a significant technological disruption risk. Risk Level: Moderate ---------------------------------- POSITIVE CATALYST OUTLOOK "Could a policy change or competitor headwinds create a positive catalyst in the next 2 years?" Increasing global data privacy regulations and stricter SEC cybersecurity disclosure mandates act as significant catalysts, driving financial institutions to adopt OneSpan's advanced authentication and secure agreement solutions. Competitor vulnerabilities in larger identity platforms may allow OneSpan to capture market share among risk-averse enterprise clients seeking specialized, high-assurance security. Furthermore, the company's strategic shift toward a high-margin SaaS model aligns with broader digital transformation trends, positioning it for margin expansion through 2026. Positive Outlook: Moderate ----------------------------------- Multiple Time-Frame Analysis; Color Code | Strength favors the higher timeframe. Yearly timeframe = black Monthly timeframe = pink weekly = grey daily = red 4hr = orange 1hr = yellow 15min = blue 5min = green if they are shown. (Level visibility on intervals is set to timeframe the level was found on and below to keep chart view organized.) ** Candle Science explained ** A Range = two or more consecutive color candles. There are two types of ranges - accumulation and distribution. **A single candle is a range on a lower timeframe. *Find the range and define its, creation dates, prices, and risk parameters. A range is broken down into 4 candle, which create 6 levels that define the range and illustrate market structure. Focus only on the first and last candle of each range. The last candle of each type of range has two levels - see FS & Inv. FS Candles below. DISTRIBUTION RANGES DEFINED: When price is above a distribution range, these candles/levels act as support. (BS) BACKSIDE Candle - First distribution candle in a distribution range. Expectation = strong reaction to price. long wicks reaching to or away from level. high angle accumulation trends, f.v,g's (FS) FrontSide Candle - Last distribution candle in a distribution range. Expectation = reversal, create a low angle accumulation trend. The top of Distribution candles are used as support. The bottom of the FrontSide candle is the SwingLow of the range. The FS candle wants to protect the SwingLow. When/if Price Action closes below the SwingLow, the level is invalidated. Find another range to trade. ACCUMULATION RANGES DEFINED: When price is below an accumulation range, these candles/levels act as resistance. INVERSE BACKSIDE (Inv.BS) - First Accumulation candle in an accumulation range. Expectation. = strong reaction to price. long wicks reaching to or away from level. Creates high angle distribution trends, f.v.g, protects the Inv.FS candle INVERSE FRONTSIDE (Inv.FS) - Last accumulation candle in an accumulation range. Expectation = reversal, create a low angle distribution trend. The bottom of Accumulation candles are used as resistance. The top of the Inv.FrontSide candle is the SwingHigh of the range. The Inv.FS candle wants to protect the SwingHigh. When/if Price Action closes above the SwingHigh, the level is invalidated. Find another range to trade.