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(OPY) Proactive Strategies

Longer Term Trading Plans for OPY
  • Buy OPY slightly over 36.71 target 39.12 stop loss @ 36.6 Details
  • The technical summary data tells us to buy OPY near 36.71 with an upside target of 39.12. This data also tells us to set a stop loss @ 36.6 to protect against excessive loss in case the stock begins to move against the trade. 36.71 is the first level of support below 39.07 , and by rule, any test of support is a buy signal. In this case, support 36.71 would be being tested, so a buy signal would exist.

  • Short OPY slightly under 39.12, target 36.71, stop loss @ 39.23 Details
  • The technical summary data is suggesting a short of OPY as it gets near 39.12 with a downside target of 36.71. We should have a stop loss in place at 39.23though. 39.12 is the first level of resistance above 39.07, and by rule, any test of resistance is a short signal. In this case, if resistance 39.12 is being tested, so a short signal would exist.

Swing Trading Plans for OPY
  • Buy OPY slightly over 39.12, target 40.31, Stop Loss @ 39.01 Details
  • If 39.12 begins to break higher, the technical summary data tells us to buy OPY just slightly over 39.12, with an upside target of 40.31. The data also tells us to set a stop loss @ 39.01 in case the stock turns against the trade. 39.12 is the first level of resistance above 39.07, and by rule, any break above resistance is a buy signal. In this case, 39.12, 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 OPY slightly near 39.12, target 38.89, Stop Loss @ 39.23. Details
  • The technical summary data is suggesting a short of OPY if it tests 39.12 with a downside target of 38.89. We should have a stop loss in place at 39.23 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, 39.12, 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 OPY
  • Buy OPY slightly over 39.12, target 40.31, Stop Loss @ 39.03 Details
  • If 39.12 begins to break higher, the technical summary data tells us to buy OPY just slightly over 39.12, with an upside target of 40.31. The data also tells us to set a stop loss @ 39.03 in case the stock turns against the trade. 39.12 is the first level of resistance above 39.07, and by rule, any break above resistance is a buy signal. In this case, 39.12, 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 OPY slightly near 39.12, target 38.25, Stop Loss @ 39.21. Details
  • The technical summary data is suggesting a short of OPY if it tests 39.12 with a downside target of 38.25. We should have a stop loss in place at 39.21 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, 39.12, 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.

Real Time Updates are available on our Oppenheimer Holdings Inc. Class A (de) (OPY) Page here: OPY.

OPY Ratings for April 03:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 36.71
P2 38.25 38.89 39.12
P3 38.96 40.31 41.43
Triggers may have already come
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Support and Resistance Plot Chart for OPY

OPY Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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Don't over think it!  Trading Oppenheimer Holdings Inc. Class A (de) (NYSE: OPY) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

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

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Instructions:

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