(COOP) Investment Analysis and Advice

November 22, 2024, 03:24 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COOP

• Buy COOP near 97.18 target 103.15 stop loss @ 96.9 Details

The technical summary data tells us to buy COOP near 97.18 with an upside target of 103.15. This data also tells us to set a stop loss @ 96.9 to protect against excessive loss in case the stock begins to move against the trade. 97.18 is the first level of support below 98.33 , and by rule, any test of support is a buy signal. In this case, support 97.18 is being tested, a buy signal would exist.

• Short COOP slightly under 103.15, target 97.18, stop loss @ 103.45 Details

The technical summary data is suggesting a short of COOP as it gets near 103.15 with a downside target of 97.18. We should have a stop loss in place at 103.45though. 103.15 is the first level of resistance above 98.33, and by rule, any test of resistance is a short signal. In this case, if resistance 103.15 is being tested, a short signal would exist.

Swing Trading Plans for COOP

• Buy COOP slightly over 99.92, target 103.15, Stop Loss @ 99.63 Details

If 99.92 begins to break higher, the technical summary data tells us to buy COOP just slightly over 99.92, with an upside target of 103.15. The data also tells us to set a stop loss @ 99.63 in case the stock turns against the trade. 99.92 is the first level of resistance above 98.33, and by rule, any break above resistance is a buy signal. In this case, 99.92, 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 99.92, target 97.18, Stop Loss @ 100.21. Details

The technical summary data is suggesting a short of COOP if it tests 99.92 with a downside target of 97.18. We should have a stop loss in place at 100.21 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, 99.92, 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 98.97, target 99.92, Stop Loss @ 98.74 Details

If 98.97 begins to break higher, the technical summary data tells us to buy COOP just slightly over 98.97, with an upside target of 99.92. The data also tells us to set a stop loss @ 98.74 in case the stock turns against the trade. 98.97 is the first level of resistance above 98.33, and by rule, any break above resistance is a buy signal. In this case, 98.97, 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 98.97, target 97.86, Stop Loss @ 99.2. Details

The technical summary data is suggesting a short of COOP if it tests 98.97 with a downside target of 97.86. We should have a stop loss in place at 99.2 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, 98.97, 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 November 22:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	91.19
P2	97.86	95.55	97.18
P3	98.97	99.92	103.15

AI Generated Signals for COOP

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Prudent Investment Analysis requires observations of the support and resistance levels for Mr. Cooper Group Inc. (NASDAQ: COOP) too.  These define prudent trading plans.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if COOP 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 COOP too.  All of these are offered below the Summary Table.