When Oceaneering International ($OII) Moves Investors should Listen
October 18, 2023, 15:00 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for OII
- Buy OII slightly over 23.45 target 26.73 stop loss @ 23.38 Details
The technical summary data tells us to buy OII near 23.45 with an upside target of 26.73. This data also tells us to set a stop loss @ 23.38 to protect against excessive loss in case the stock begins to move against the trade. 23.45 is the first level of support below 25.76 , and by rule, any test of support is a buy signal. In this case, support 23.45 is being tested, a buy signal would exist.
- Short OII slightly under 26.73, target 23.45, stop loss @ 26.81 Details
The technical summary data is suggesting a short of OII as it gets near 26.73 with a downside target of 23.45. We should have a stop loss in place at 26.81though. 26.73 is the first level of resistance above 25.76, and by rule, any test of resistance is a short signal. In this case, if resistance 26.73 is being tested, a short signal would exist.
Swing Trading Plans for OII
- Buy OII slightly over 25.96, target 26.73, Stop Loss @ 25.89 Details
If 25.96 begins to break higher, the technical summary data tells us to buy OII just slightly over 25.96, with an upside target of 26.73. The data also tells us to set a stop loss @ 25.89 in case the stock turns against the trade. 25.96 is the first level of resistance above 25.76, and by rule, any break above resistance is a buy signal. In this case, 25.96, 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 OII slightly near 25.96, target 24.28, Stop Loss @ 26.03. Details
The technical summary data is suggesting a short of OII if it tests 25.96 with a downside target of 24.28. We should have a stop loss in place at 26.03 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, 25.96, 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 OII
- Buy OII slightly over 26.03, target 26.73, Stop Loss @ 25.97 Details
If 26.03 begins to break higher, the technical summary data tells us to buy OII just slightly over 26.03, with an upside target of 26.73. The data also tells us to set a stop loss @ 25.97 in case the stock turns against the trade. 26.03 is the first level of resistance above 25.76, and by rule, any break above resistance is a buy signal. In this case, 26.03, 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 OII slightly near 26.03, target 25.53, Stop Loss @ 26.09. Details
The technical summary data is suggesting a short of OII if it tests 26.03 with a downside target of 25.53. We should have a stop loss in place at 26.09 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, 26.03, 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 Oceaneering International (OII) available here: OII.
OII Ratings for October 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
20.36 |
| P2 |
25.53 |
24.28 |
23.45 |
| P3 |
26.03 |
25.96 |
26.73 |
AI Generated Signals for OII
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Oceaneering International (NYSE: OII) report below is a real world example. Included are trading plans for OII, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for OII:
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