When the Price of (OCN) Talks, People Listen

January 31, 2024, 23:34 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OCN

• Buy OCN slightly over 26.89 target 30.9 stop loss @ 26.81 Details

The technical summary data tells us to buy OCN near 26.89 with an upside target of 30.9. This data also tells us to set a stop loss @ 26.81 to protect against excessive loss in case the stock begins to move against the trade. 26.89 is the first level of support below 28.93 , and by rule, any test of support is a buy signal. In this case, support 26.89 is being tested, a buy signal would exist.

• Short OCN slightly under 30.9, target 26.89, stop loss @ 30.99 Details

The technical summary data is suggesting a short of OCN as it gets near 30.9 with a downside target of 26.89. We should have a stop loss in place at 30.99though. 30.9 is the first level of resistance above 28.93, and by rule, any test of resistance is a short signal. In this case, if resistance 30.9 is being tested, a short signal would exist.

Swing Trading Plans for OCN

• Buy OCN slightly over 29.58, target 30.61, Stop Loss @ 29.49 Details

If 29.58 begins to break higher, the technical summary data tells us to buy OCN just slightly over 29.58, with an upside target of 30.61. The data also tells us to set a stop loss @ 29.49 in case the stock turns against the trade. 29.58 is the first level of resistance above 28.93, and by rule, any break above resistance is a buy signal. In this case, 29.58, 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 OCN slightly near 29.58, target 26.89, Stop Loss @ 29.67. Details

The technical summary data is suggesting a short of OCN if it tests 29.58 with a downside target of 26.89. We should have a stop loss in place at 29.67 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, 29.58, 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 OCN

• Buy OCN slightly over 29.58, target 30.04, Stop Loss @ 29.51 Details

If 29.58 begins to break higher, the technical summary data tells us to buy OCN just slightly over 29.58, with an upside target of 30.04. The data also tells us to set a stop loss @ 29.51 in case the stock turns against the trade. 29.58 is the first level of resistance above 28.93, and by rule, any break above resistance is a buy signal. In this case, 29.58, 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 OCN slightly near 29.58, target 26.89, Stop Loss @ 29.65. Details

The technical summary data is suggesting a short of OCN if it tests 29.58 with a downside target of 26.89. We should have a stop loss in place at 29.65 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, 29.58, 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 Ocwen Financial Corporation (OCN) available here: OCN.

OCN Ratings for January 31:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	22.67
P2	29.58	29.58	26.89
P3	30.04	30.61	30.9

AI Generated Signals for OCN

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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 Ocwen Financial Corporation (NYSE: OCN) 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 OCN 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.