🏥💡 Oscar Health (OSCR) Analysis 📈🔍Market Disruption:
Oscar Health NYSE:OSCR is at the forefront of revolutionizing the health insurance industry through technological innovation, significantly enhancing market reach and member experience.
Expansion Plans:
In 2024, Oscar Health aims to introduce new technology-enabled plans across 165 new counties spanning 11 states. These initiatives prioritize accessibility, affordability, and personalized member experiences, aimed at driving premium growth.
Innovative Programs:
The company's +Oscar program, catering to 500,000 lives, fosters improved healthcare access and quality through innovative partnerships, such as the collaboration with Stanford Health Plan.
Investor Sentiment:
Bullish sentiment surrounds OSCR, with long positions taken by sell-side firms and institutional investors like The Vanguard Group and Millennium Management LLC. Upgraded price targets from Bank of America Securities and Wells Fargo further bolster this positive sentiment.
Robust Performance:
OSCR's performance demonstrates strength, including a remarkable 40% year-over-year increase in total health plan membership, reaching 1.44 million, and a substantial 46% revenue growth to $2.1 billion in the latest quarter.
CEO Endorsement:
CEO Mark Bertolini highlighted strong membership retention, an increased Net Promoter Score (NPS) of 60%, and improved core ratios during the latest earnings call, further affirming OSCR's positive trajectory.
Investment Outlook:
Bullish Outlook: Given these positive indicators, a bullish stance on OSCR above $16.50-$17.00 appears justified.
Upside Potential: With an upside target set at $34.00-$35.00, OSCR's growth potential in the health insurance market is poised for significant expansion.
📊🔍 Stay attuned to Oscar Health's progress for potential investment opportunities! #OSCR #HealthInsurance 🏥💼
OSCR trade ideas
OSCR - Beautiful (and predictable) movement again and againThere was no reason to miss this trade! But if you did, there will be more opportunities for a long entry before we retest the higher time frame white selling channel above. Look for these same controlled selling algorithms to appear before getting picked up by buying continuation (ideally yellow strong)
Happy Trading :)
- TraderDaddyOG
OSCR - Building liquidity for a larger breakout - What to look 4Higher Time Frame tells us everything. We are allowing this to build liquidity in a controlled selling fashion and would like to see our teal buying algorithm pick price up once reached very soon. We've already begun the tapering process on the sell side (orange and magenta controlled selling) so this is shaping up to be a nice breakout.
See you all there!
Happy Trading :)
OSCR - More room to the upside when we see this!A very strong company clearly building some much needed liquidity for a further push up. Very controlled selling algorithms in play right now and most importantly, with yellow tapered buying in control of price right now, we will need to prove some sell-side tapering on magenta before activating orange strong buying for the breakout. This breakout of controlled selling green and magenta will have strong confluence with an inverse head and shoulders having built beautiful left shoulder liquidity to grab and propel us to new highs.
Keep an eye out for this one! I was a strong believer back at $2 and that conviction paid off multiple times over.
See you all later on!
Happy Trading :)
Oscar Health (OSCR) - Pennant Formation and CoilingCompany info:
Oscar Health provides a personalized experience for those seeking affordable healthcare. It offers incentives to its customers to stay healthy, including cash rewards. Oscar offers tailored services and a concierge care team designed to help its members find the medical care and services they need.
Technicals:
It is again forming a flag and looks poised for a breakout.
ADR is high which I like because the breakout can be explosive for the pennant.
Ideally, a strong 1st hour today can be the catalyst to propel it higher.
Will update price targets as we go along.
Goodluck!
OSCR Earnings Beat Setup LONGOSCR on the daily chart is shown near to but below the POC line on the volume
profile anchored in April. The ZL MACD has a low amplitude histogram. On
the directional index indicator both negative and positive lines are nearly trendless
at the 20 level. The price is closer to the lower Bollinger Bands and so a reversion
to the mean would be upward price action.
I am looking to take a long trade here. The entry would be by a buy stop over
the POC line at 7.35 and the stop loss at 7.05, the low of the last red candle.
The targets are 8.75 and 9.85 corresponding to horizontal resistance lines.
This is a swing trade planning for a profit of about 30%. The stop loss of 0.30
as compared with an average target of 1.75 is about 1:5 for the risk to reward.
I may take an options trade of 1-3 months duration as well. Leave a commnet , if
you would like to know my considerations for a call option. Healthcare and medical
are relatively strong sectors right now compared with the chaotic market at large.
OSCAR HEALTH Stock Chart Fibonacci Analysis 082023 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 7.5/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
OSCR (Long) Awaiting B/OMultiple cluster buys from CEO and Directorship over the last couple of months - most recent 17SEPT. Purely technical play set up for breakout - synthetic long. PT is 21.70 which is a result of my own fundamentals and tech analysis. Primary motivation is the ongoing insider buying and tech set up of price action.
OSCR : incertitude phaseOSCR in Daily still bearish but we just begun an incertitude phase. It is preferable to wait before to identify the new direction.
Positifs signals we are waiting for:
• Break the range by superior limit
• Ichimoku composant cross the cloud (Price, chninkou and tenken
In the other hand we have Two supports to see : 16.42 and 15.40
$OSCR is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
Oscar Health is tech-enabled medical insurance provider.
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $36;
stop-loss — $37,70
take-profit — $31,00/MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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