Learn to Evaluate (COOP) using the Charts
October 10, 2024, 00:36 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for COOP
- Buy COOP near 89.13 target 94.39 stop loss @ 88.87 Details
The technical summary data tells us to buy COOP near 89.13 with an upside target of 94.39. This data also tells us to set a stop loss @ 88.87 to protect against excessive loss in case the stock begins to move against the trade. 89.13 is the first level of support below 94 , and by rule, any test of support is a buy signal. In this case, support 89.13 would be being tested, so a buy signal would exist.
- Short COOP slightly under 94.39, target 89.13, stop loss @ 94.66 Details
The technical summary data is suggesting a short of COOP as it gets near 94.39 with a downside target of 89.13. We should have a stop loss in place at 94.66though. 94.39 is the first level of resistance above 94, and by rule, any test of resistance is a short signal. In this case, if resistance 94.39 is being tested, so a short signal would exist.
Swing Trading Plans for COOP
- Buy COOP slightly over 94.39, target 99.74, Stop Loss @ 94.12 Details
If 94.39 begins to break higher, the technical summary data tells us to buy COOP just slightly over 94.39, with an upside target of 99.74. The data also tells us to set a stop loss @ 94.12 in case the stock turns against the trade. 94.39 is the first level of resistance above 94, and by rule, any break above resistance is a buy signal. In this case, 94.39, 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 COOP slightly near 94.39, target 93.27, Stop Loss @ 94.66. Details
The technical summary data is suggesting a short of COOP if it tests 94.39 with a downside target of 93.27. We should have a stop loss in place at 94.66 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, 94.39, 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 COOP
- Buy COOP slightly over 94.04, target 94.39, Stop Loss @ 93.82 Details
If 94.04 begins to break higher, the technical summary data tells us to buy COOP just slightly over 94.04, with an upside target of 94.39. The data also tells us to set a stop loss @ 93.82 in case the stock turns against the trade. 94.04 is the first level of resistance above 94, and by rule, any break above resistance is a buy signal. In this case, 94.04, 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 COOP slightly near 94.04, target 93.27, Stop Loss @ 94.26. Details
The technical summary data is suggesting a short of COOP if it tests 94.04 with a downside target of 93.27. We should have a stop loss in place at 94.26 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, 94.04, 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 Mr. Cooper Group Inc. (COOP) available here: COOP.
COOP Ratings for October 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
89.13 |
| P2 |
92.18 |
91.25 |
94.39 |
| P3 |
94.04 |
93.27 |
99.74 |
AI Generated Signals for COOP
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Mr. Cooper Group Inc. (NASDAQ: COOP) report below can help you understand how to do this. The trading plans for COOP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for COOP:
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