When the Price of (ONEQ) Talks, People Listen

August 15, 2024, 08:46 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ONEQ

• Buy ONEQ slightly over 66.58 target 70.16 stop loss @ 66.39 Details

The technical summary data tells us to buy ONEQ near 66.58 with an upside target of 70.16. This data also tells us to set a stop loss @ 66.39 to protect against excessive loss in case the stock begins to move against the trade. 66.58 is the first level of support below 68.26 , and by rule, any test of support is a buy signal. In this case, support 66.58 would be being tested, so a buy signal would exist.

• Short ONEQ slightly under 70.16, target 66.58, stop loss @ 70.36 Details

The technical summary data is suggesting a short of ONEQ as it gets near 70.16 with a downside target of 66.58. We should have a stop loss in place at 70.36though. 70.16 is the first level of resistance above 68.26, and by rule, any test of resistance is a short signal. In this case, if resistance 70.16 is being tested, so a short signal would exist.

Swing Trading Plans for ONEQ

• Buy ONEQ slightly over 70.16, target 73.4, Stop Loss @ 69.96 Details

If 70.16 begins to break higher, the technical summary data tells us to buy ONEQ just slightly over 70.16, with an upside target of 73.4. The data also tells us to set a stop loss @ 69.96 in case the stock turns against the trade. 70.16 is the first level of resistance above 68.26, and by rule, any break above resistance is a buy signal. In this case, 70.16, 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 ONEQ slightly near 70.16, target 67.46, Stop Loss @ 70.36. Details

The technical summary data is suggesting a short of ONEQ if it tests 70.16 with a downside target of 67.46. We should have a stop loss in place at 70.36 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, 70.16, 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 ONEQ

• Buy ONEQ slightly over 70.16, target 73.4, Stop Loss @ 70 Details

If 70.16 begins to break higher, the technical summary data tells us to buy ONEQ just slightly over 70.16, with an upside target of 73.4. The data also tells us to set a stop loss @ 70 in case the stock turns against the trade. 70.16 is the first level of resistance above 68.26, and by rule, any break above resistance is a buy signal. In this case, 70.16, 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 ONEQ slightly near 70.16, target 68.26, Stop Loss @ 70.32. Details

The technical summary data is suggesting a short of ONEQ if it tests 70.16 with a downside target of 68.26. We should have a stop loss in place at 70.32 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, 70.16, 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 Fidelity Nasdaq Composite Tracking Stock (ONEQ) available here: ONEQ.

ONEQ Ratings for August 15:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	66.58
P2	67.64	64.1	70.16
P3	68.26	67.46	73.4

AI Generated Signals for ONEQ

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Fidelity Nasdaq Composite Tracking Stock (NASDAQ: ONEQ) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ONEQ can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.