When the Price of (OEF) Talks, People Listen

August 26, 2024, 01:40 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OEF

• Buy OEF slightly over 269.47 target 279 stop loss @ 268.69 Details

The technical summary data tells us to buy OEF near 269.47 with an upside target of 279. This data also tells us to set a stop loss @ 268.69 to protect against excessive loss in case the stock begins to move against the trade. 269.47 is the first level of support below 271.11 , and by rule, any test of support is a buy signal. In this case, support 269.47 is being tested, a buy signal would exist.

• Short OEF slightly under 279, target 269.47, stop loss @ 279.81 Details

The technical summary data is suggesting a short of OEF as it gets near 279 with a downside target of 269.47. We should have a stop loss in place at 279.81though. 279 is the first level of resistance above 271.11, and by rule, any test of resistance is a short signal. In this case, if resistance 279 is being tested, a short signal would exist.

Swing Trading Plans for OEF

• Buy OEF slightly over 271.94, target 276.83, Stop Loss @ 271.15 Details

If 271.94 begins to break higher, the technical summary data tells us to buy OEF just slightly over 271.94, with an upside target of 276.83. The data also tells us to set a stop loss @ 271.15 in case the stock turns against the trade. 271.94 is the first level of resistance above 271.11, and by rule, any break above resistance is a buy signal. In this case, 271.94, 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 271.94, target 269.47, Stop Loss @ 272.73. Details

The technical summary data is suggesting a short of OEF if it tests 271.94 with a downside target of 269.47. We should have a stop loss in place at 272.73 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, 271.94, 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 271.66, target 271.94, Stop Loss @ 271.03 Details

If 271.66 begins to break higher, the technical summary data tells us to buy OEF just slightly over 271.66, with an upside target of 271.94. The data also tells us to set a stop loss @ 271.03 in case the stock turns against the trade. 271.66 is the first level of resistance above 271.11, and by rule, any break above resistance is a buy signal. In this case, 271.66, 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 271.66, target 269.52, Stop Loss @ 272.29. Details

The technical summary data is suggesting a short of OEF if it tests 271.66 with a downside target of 269.52. We should have a stop loss in place at 272.29 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, 271.66, 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 August 26:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	258.8
P2	269.52	271.94	269.47
P3	271.66	276.83	279

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.