Trading (OMCL) With Integrated Risk Controls
January 21, 2024, 02:48 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OMCL
- Buy OMCL slightly over 27.95 target 39.73 stop loss @ 27.87 Details
The technical summary data tells us to buy OMCL near 27.95 with an upside target of 39.73. This data also tells us to set a stop loss @ 27.87 to protect against excessive loss in case the stock begins to move against the trade. 27.95 is the first level of support below 32.74 , and by rule, any test of support is a buy signal. In this case, support 27.95 would be being tested, so a buy signal would exist.
- Short OMCL slightly under 39.73, target 27.95, stop loss @ 39.84 Details
The technical summary data is suggesting a short of OMCL as it gets near 39.73 with a downside target of 27.95. We should have a stop loss in place at 39.84though. 39.73 is the first level of resistance above 32.74, and by rule, any test of resistance is a short signal. In this case, if resistance 39.73 is being tested, so a short signal would exist.
Swing Trading Plans for OMCL
- Buy OMCL slightly over 34.02, target 39.73, Stop Loss @ 33.92 Details
If 34.02 begins to break higher, the technical summary data tells us to buy OMCL just slightly over 34.02, with an upside target of 39.73. The data also tells us to set a stop loss @ 33.92 in case the stock turns against the trade. 34.02 is the first level of resistance above 32.74, and by rule, any break above resistance is a buy signal. In this case, 34.02, 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 OMCL slightly near 34.02, target 31.99, Stop Loss @ 34.12. Details
The technical summary data is suggesting a short of OMCL if it tests 34.02 with a downside target of 31.99. We should have a stop loss in place at 34.12 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, 34.02, 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 OMCL
- Buy OMCL slightly over 32.86, target 34.02, Stop Loss @ 32.78 Details
If 32.86 begins to break higher, the technical summary data tells us to buy OMCL just slightly over 32.86, with an upside target of 34.02. The data also tells us to set a stop loss @ 32.78 in case the stock turns against the trade. 32.86 is the first level of resistance above 32.74, and by rule, any break above resistance is a buy signal. In this case, 32.86, 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 OMCL slightly near 32.86, target 31.99, Stop Loss @ 32.94. Details
The technical summary data is suggesting a short of OMCL if it tests 32.86 with a downside target of 31.99. We should have a stop loss in place at 32.94 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, 32.86, 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 Omnicell Inc. (OMCL) available here: OMCL.
OMCL Ratings for January 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
27.95 |
| P2 |
31.92 |
31.99 |
39.73 |
| P3 |
32.86 |
34.02 |
51.71 |
AI Generated Signals for OMCL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for OMCL:
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