Trend Tracker for (OOMA)

November 14, 2024, 06:14 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OOMA

• Buy OOMA near 12.4 target n/a stop loss @ 12.36. Details

The technical summary data tells us to buy OOMA near 12.4, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 12.36 to protect against excessive loss in case the stock begins to move against the trade. 12.4 is the first level of support below 13.64, and by rule, any test of support is a buy signal. In this case, if support 12.4 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for OOMA

• Buy OOMA slightly over 14.05, target n/a, Stop Loss @ 14.01 Details

If 14.05 begins to break higher, the technical summary data tells us to buy OOMA just slightly over 14.05, with an upside target of n/a. The data also tells us to set a stop loss @ 14.01 in case the stock turns against the trade. 14.05 is the first level of resistance above 13.64, and by rule, any break above resistance is a buy signal. In this case, 14.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OOMA slightly near 14.05, target 13.45, Stop Loss @ 14.09. Details

The technical summary data is suggesting a short of OOMA if it tests 14.05 with a downside target of 13.45. We should have a stop loss in place at 14.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for OOMA

• Buy OOMA slightly over 13.69, target 14.05, Stop Loss @ 13.66 Details

If 13.69 begins to break higher, the technical summary data tells us to buy OOMA just slightly over 13.69, with an upside target of 14.05. The data also tells us to set a stop loss @ 13.66 in case the stock turns against the trade. 13.69 is the first level of resistance above 13.64, and by rule, any break above resistance is a buy signal. In this case, 13.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short OOMA slightly near 13.69, target 13.45, Stop Loss @ 13.72. Details

The technical summary data is suggesting a short of OOMA if it tests 13.69 with a downside target of 13.45. We should have a stop loss in place at 13.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Ooma Inc. (OOMA) available here: OOMA.

OOMA Ratings for November 14:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	8.4
P2	13.69	13.45	10.38
P3	13.94	14.05	12.4

AI Generated Signals for OOMA

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The data for Ooma Inc. (NASDAQ: OOMA) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for OOMA change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if OOMA is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for OOMA too.  All of these are offered below the Summary Table.