pool adsOMNICOM GROUP $OMC Technical Update
The OMNICOM GROUP (NYSE: OMC) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for OMC, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Neutral |
| P1 | 67.39 | 62.76 | 66.24 |
| P2 | 68.53 | 69.10 | 71.92 |
| P3 | 69.29 | 75.42 | 77.67 |
Support and Resistance Plot Chart for OMC
Long Term Trading Plans for OMC
August 16, 2018, 9:15 pm ET
The Technical Summary and Trading Plans for OMC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this OMC Report.
OMC - (Long) Support Plan
Buy over 66.24 target 71.92 stop loss @ 65.98.
The technical summary data tells us to buy OMC near 66.24 with an upside target of 71.92. This data also tells us to set a stop loss @ 65.98 to protect against excessive loss in case the stock begins to move against the trade. 66.24 is the first level of support below 69.33 , and by rule, any test of support is a buy signal. In this case, support 66.24 would be being tested, so a buy signal would exist.
OMC - (Short) Resistance Plan
Short under 71.92 target 66.24 stop loss @ 72.18.
The technical summary data is suggesting a short of OMC as it gets near 71.92 with a downside target of 66.24. We should have a stop loss in place at 72.18 though. 71.92 is the first level of resistance above 69.33, and by rule, any test of resistance is a short signal. In this case, if resistance 71.92 is being tested, so a short signal would exist.
