(OPY) Trading Signals

December 16, 2024, 07:42 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OPY

• Buy OPY near 58.1 target 63.56 stop loss @ 57.93 Details

The technical summary data tells us to buy OPY near 58.1 with an upside target of 63.56. This data also tells us to set a stop loss @ 57.93 to protect against excessive loss in case the stock begins to move against the trade. 58.1 is the first level of support below 62.3 , and by rule, any test of support is a buy signal. In this case, support 58.1 is being tested, a buy signal would exist.

• Short OPY slightly under 63.56, target 58.1, stop loss @ 63.74 Details

The technical summary data is suggesting a short of OPY as it gets near 63.56 with a downside target of 58.1. We should have a stop loss in place at 63.74though. 63.56 is the first level of resistance above 62.3, and by rule, any test of resistance is a short signal. In this case, if resistance 63.56 is being tested, a short signal would exist.

Swing Trading Plans for OPY

• Buy OPY slightly over 63.56, target 66.03, Stop Loss @ 63.38 Details

If 63.56 begins to break higher, the technical summary data tells us to buy OPY just slightly over 63.56, with an upside target of 66.03. The data also tells us to set a stop loss @ 63.38 in case the stock turns against the trade. 63.56 is the first level of resistance above 62.3, and by rule, any break above resistance is a buy signal. In this case, 63.56, 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 63.56, target 61.92, Stop Loss @ 63.74. Details

The technical summary data is suggesting a short of OPY if it tests 63.56 with a downside target of 61.92. We should have a stop loss in place at 63.74 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, 63.56, 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 62.97, target 63.56, Stop Loss @ 62.82 Details

If 62.97 begins to break higher, the technical summary data tells us to buy OPY just slightly over 62.97, with an upside target of 63.56. The data also tells us to set a stop loss @ 62.82 in case the stock turns against the trade. 62.97 is the first level of resistance above 62.3, and by rule, any break above resistance is a buy signal. In this case, 62.97, 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 62.97, target 61.92, Stop Loss @ 63.12. Details

The technical summary data is suggesting a short of OPY if it tests 62.97 with a downside target of 61.92. We should have a stop loss in place at 63.12 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, 62.97, 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 Oppenheimer Holdings Inc. Class A (de) (OPY) available here: OPY.

OPY Ratings for December 16:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	53.09
P2	62.97	61.92	58.1
P3	63.88	66.03	63.56

AI Generated Signals for OPY

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Trading Oppenheimer Holdings Inc. Class A (de) (NYSE: OPY) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

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.