(OMCL) Technical Pivots with Risk Controls

July 13, 2024, 13:24 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for OMCL

• Buy OMCL slightly over 20.84 target 28.49 stop loss @ 20.78 Details

The technical summary data tells us to buy OMCL near 20.84 with an upside target of 28.49. This data also tells us to set a stop loss @ 20.78 to protect against excessive loss in case the stock begins to move against the trade. 20.84 is the first level of support below 26.55 , and by rule, any test of support is a buy signal. In this case, support 20.84 is being tested, a buy signal would exist.

• Short OMCL slightly under 28.49, target 20.84, stop loss @ 28.57 Details

The technical summary data is suggesting a short of OMCL as it gets near 28.49 with a downside target of 20.84. We should have a stop loss in place at 28.57though. 28.49 is the first level of resistance above 26.55, and by rule, any test of resistance is a short signal. In this case, if resistance 28.49 is being tested, a short signal would exist.

Swing Trading Plans for OMCL

• Buy OMCL slightly over 26.86, target 28.49, Stop Loss @ 26.78 Details

If 26.86 begins to break higher, the technical summary data tells us to buy OMCL just slightly over 26.86, with an upside target of 28.49. The data also tells us to set a stop loss @ 26.78 in case the stock turns against the trade. 26.86 is the first level of resistance above 26.55, and by rule, any break above resistance is a buy signal. In this case, 26.86, 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 OMCL slightly near 26.86, target 25.72, Stop Loss @ 26.94. Details

The technical summary data is suggesting a short of OMCL if it tests 26.86 with a downside target of 25.72. We should have a stop loss in place at 26.94 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, 26.86, 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 OMCL

• Buy OMCL slightly over 27.06, target 28.49, Stop Loss @ 27 Details

If 27.06 begins to break higher, the technical summary data tells us to buy OMCL just slightly over 27.06, with an upside target of 28.49. The data also tells us to set a stop loss @ 27 in case the stock turns against the trade. 27.06 is the first level of resistance above 26.55, and by rule, any break above resistance is a buy signal. In this case, 27.06, 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 OMCL slightly near 27.06, target 25.96, Stop Loss @ 27.12. Details

The technical summary data is suggesting a short of OMCL if it tests 27.06 with a downside target of 25.96. We should have a stop loss in place at 27.12 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, 27.06, 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 Omnicell Inc. (OMCL) available here: OMCL.

OMCL Ratings for July 13:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	13.37
P2	25.96	25.72	20.84
P3	27.06	26.86	28.49

AI Generated Signals for OMCL

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The technical pivots for Omnicell Inc. (NASDAQ: OMCL) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for OMCL 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 OMCL 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 OMCL too.  All of these are offered below the Summary Table.