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(OMF) Investment Analysis and Advice

Longer Term Trading Plans for OMF
  • Buy OMF slightly over 47.67 target 52.21 stop loss @ 47.53 Details
  • The technical summary data tells us to buy OMF near 47.67 with an upside target of 52.21. This data also tells us to set a stop loss @ 47.53 to protect against excessive loss in case the stock begins to move against the trade. 47.67 is the first level of support below 50 , and by rule, any test of support is a buy signal. In this case, support 47.67 is being tested, a buy signal would exist.

  • Short OMF slightly under 52.21, target 47.67, stop loss @ 52.36 Details
  • The technical summary data is suggesting a short of OMF as it gets near 52.21 with a downside target of 47.67. We should have a stop loss in place at 52.36though. 52.21 is the first level of resistance above 50, and by rule, any test of resistance is a short signal. In this case, if resistance 52.21 is being tested, a short signal would exist.

Swing Trading Plans for OMF
  • Buy OMF slightly over 51.2, target 52.21, Stop Loss @ 51.05 Details
  • If 51.2 begins to break higher, the technical summary data tells us to buy OMF just slightly over 51.2, with an upside target of 52.21. The data also tells us to set a stop loss @ 51.05 in case the stock turns against the trade. 51.2 is the first level of resistance above 50, and by rule, any break above resistance is a buy signal. In this case, 51.2, 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 OMF slightly near 51.2, target 49.56, Stop Loss @ 51.35. Details
  • The technical summary data is suggesting a short of OMF if it tests 51.2 with a downside target of 49.56. We should have a stop loss in place at 51.35 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, 51.2, 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 OMF
  • Buy OMF slightly over 51.2, target 52.21, Stop Loss @ 51.08 Details
  • If 51.2 begins to break higher, the technical summary data tells us to buy OMF just slightly over 51.2, with an upside target of 52.21. The data also tells us to set a stop loss @ 51.08 in case the stock turns against the trade. 51.2 is the first level of resistance above 50, and by rule, any break above resistance is a buy signal. In this case, 51.2, 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 OMF slightly near 51.2, target 49.94, Stop Loss @ 51.32. Details
  • The technical summary data is suggesting a short of OMF if it tests 51.2 with a downside target of 49.94. We should have a stop loss in place at 51.32 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, 51.2, 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 Onemain Holdings Inc. (OMF) Page here: OMF.

OMF Ratings for April 03:

Term →Near Mid Long
Rating Neutral Strong Strong
P1 0 0 43.07
P2 49.16 49.56 47.67
P3 49.94 51.2 52.21
Triggers may have already come
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Support and Resistance Plot Chart for OMF

OMF Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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Prudent Investment Analysis requires observations of the support and resistance levels for Onemain Holdings Inc. (NYSE: OMF) too.  These define prudent trading plans.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

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