When the Price of (OEF) Talks, People Listen

September 05, 2024, 19:32 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OEF

• Buy OEF slightly over 262.12 target 272.45 stop loss @ 261.36 Details

The technical summary data tells us to buy OEF near 262.12 with an upside target of 272.45. This data also tells us to set a stop loss @ 261.36 to protect against excessive loss in case the stock begins to move against the trade. 262.12 is the first level of support below 264.34 , and by rule, any test of support is a buy signal. In this case, support 262.12 would be being tested, so a buy signal would exist.

• Short OEF slightly under 272.45, target 262.12, stop loss @ 273.24 Details

The technical summary data is suggesting a short of OEF as it gets near 272.45 with a downside target of 262.12. We should have a stop loss in place at 273.24though. 272.45 is the first level of resistance above 264.34, and by rule, any test of resistance is a short signal. In this case, if resistance 272.45 is being tested, so a short signal would exist.

Swing Trading Plans for OEF

• Buy OEF slightly over 267.86, target 272.45, Stop Loss @ 267.09 Details

If 267.86 begins to break higher, the technical summary data tells us to buy OEF just slightly over 267.86, with an upside target of 272.45. The data also tells us to set a stop loss @ 267.09 in case the stock turns against the trade. 267.86 is the first level of resistance above 264.34, and by rule, any break above resistance is a buy signal. In this case, 267.86, 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 OEF slightly near 267.86, target 264.09, Stop Loss @ 268.63. Details

The technical summary data is suggesting a short of OEF if it tests 267.86 with a downside target of 264.09. We should have a stop loss in place at 268.63 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, 267.86, 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 OEF

• Buy OEF slightly over 267.86, target 272.45, Stop Loss @ 267.24 Details

If 267.86 begins to break higher, the technical summary data tells us to buy OEF just slightly over 267.86, with an upside target of 272.45. The data also tells us to set a stop loss @ 267.24 in case the stock turns against the trade. 267.86 is the first level of resistance above 264.34, and by rule, any break above resistance is a buy signal. In this case, 267.86, 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 OEF slightly near 267.86, target 264.32, Stop Loss @ 268.48. Details

The technical summary data is suggesting a short of OEF if it tests 267.86 with a downside target of 264.32. We should have a stop loss in place at 268.48 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, 267.86, 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 Ishares S&p 100 Etf (OEF) available here: OEF.

OEF Ratings for September 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	262.12
P2	262.27	264.09	272.45
P3	264.32	267.86	281.59

AI Generated Signals for OEF

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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 Ishares S&p 100 Etf (NYSE: OEF) 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 OEF 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.