When (OMC) Moves Investors should Listen
April 18, 2024, 23:26 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OMC
- Buy OMC slightly over 86.27 target 95.07 stop loss @ 86.02 Details
The technical summary data tells us to buy OMC near 86.27 with an upside target of 95.07. This data also tells us to set a stop loss @ 86.02 to protect against excessive loss in case the stock begins to move against the trade. 86.27 is the first level of support below 91.5 , and by rule, any test of support is a buy signal. In this case, support 86.27 is being tested, a buy signal would exist.
- Short OMC slightly under 95.07, target 86.27, stop loss @ 95.34 Details
The technical summary data is suggesting a short of OMC as it gets near 95.07 with a downside target of 86.27. We should have a stop loss in place at 95.34though. 95.07 is the first level of resistance above 91.5, and by rule, any test of resistance is a short signal. In this case, if resistance 95.07 is being tested, a short signal would exist.
Swing Trading Plans for OMC
- Buy OMC slightly over 92.1, target 95.07, Stop Loss @ 91.83 Details
If 92.1 begins to break higher, the technical summary data tells us to buy OMC just slightly over 92.1, with an upside target of 95.07. The data also tells us to set a stop loss @ 91.83 in case the stock turns against the trade. 92.1 is the first level of resistance above 91.5, and by rule, any break above resistance is a buy signal. In this case, 92.1, 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 OMC slightly near 92.1, target 89.55, Stop Loss @ 92.37. Details
The technical summary data is suggesting a short of OMC if it tests 92.1 with a downside target of 89.55. We should have a stop loss in place at 92.37 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, 92.1, 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 OMC
- Buy OMC slightly over 92.1, target 93.09, Stop Loss @ 91.89 Details
If 92.1 begins to break higher, the technical summary data tells us to buy OMC just slightly over 92.1, with an upside target of 93.09. The data also tells us to set a stop loss @ 91.89 in case the stock turns against the trade. 92.1 is the first level of resistance above 91.5, and by rule, any break above resistance is a buy signal. In this case, 92.1, 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 OMC slightly near 92.1, target 91.4, Stop Loss @ 92.31. Details
The technical summary data is suggesting a short of OMC if it tests 92.1 with a downside target of 91.4. We should have a stop loss in place at 92.31 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, 92.1, 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 Omnicom Group Inc. (OMC) available here: OMC.
OMC Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
78.24 |
| P2 |
91.4 |
89.55 |
86.27 |
| P3 |
93.09 |
92.1 |
95.07 |
AI Generated Signals for OMC
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Omnicom Group Inc. (NYSE: OMC) report below is a real world example. Included are trading plans for OMC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for OMC:
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