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Oscar Health, Inc.

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OSCR trade ideas

Oscar Health! Can the Health Insurer Continue Its 2024 Surge?Introduction: Oscar Health (NYSE: OSCR), a digital health insurance company, has seen significant stock price movement in 2024, reflecting both its growth potential and the challenges it faces in a competitive market. With its recent earnings report beating expectations, investors are keenly watching to see if the momentum can be sustained. Revenue and Profit Forecast: Oscar Health is projected to generate $9.23 billion in revenue for 2024, with a forecasted increase to $11.03 billion in 2025, marking a 19.57% growth. The company is expected to achieve profitability with an EPS of $0.60 in 2025, a significant improvement from its current loss of $0.03 per share. Growth Drivers: The company’s growth is driven by its tech-first approach to health insurance, which appeals to a younger demographic and differentiates it from traditional insurers. The significant year-over-year revenue growth of 44.6% highlights the increasing adoption of its services. However, Oscar Health’s relatively low margins (0.25%) and high valuation metrics (P/E ratio of 1781) suggest that it will need to continue scaling efficiently to justify its current market cap of $4.22 billion . Recent Performance: Oscar Health’s stock has surged by 94.6% since the beginning of 2024, closing recently at $17.81. Despite this rise, the stock remains volatile, trading nearly 24% below its 52-week high but significantly above its lows. Analysts maintain a mixed outlook, with price targets ranging from $7.50 to $28.00, reflecting uncertainty about the company’s long-term profitability. Conclusion: Oscar Health offers an intriguing investment opportunity with its strong revenue growth and innovative business model. However, investors should be cautious of its volatility and high valuation. While the stock has strong upside potential, it also carries significant risk, particularly if the company fails to achieve sustained profitability. NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
NYSE:OSCRLong
by olimchik
OSCR - UPDATE! So little tells us so muchThe smallest difference such as rejecting off of orange at $18 versus teal at $17.30. These algorithms tell us everything because it tells us what is in control or at least which algorithms are fighting eachother. Most important thing to always keep in mind and ask of the chart is: "What do we need to disprove in order to prove our case?" Meaning, if we're bullish based on a teal proof, our question will be: "What do we need to disprove in order to prove teal?" In this case, in order for teal (our bullish, controlled-selling, liquidity building algorithm) to prove control, we need to disprove our immediate strong selling orange by rejecting off of it and finding support from teal as opposed to dropping to the bottom of orange. Any sell-side hold from teal (as opposed to orange) is a bullish sign and indiciates (depending on the time frame) sufficient liquidity built. As always, feel free to ask questions and Id be happy to post a video in response. Happy Trading :)
NYSE:OSCR
by ReigningTrades
Watch this and you will see the market differently! Guaranteed!*If you watch this whole video, tell me it doesn't change your perspective a little bit. It's clear as day what price needs to do to continue its healthy bullish movements - and we've identified the patterns/algorithms! Let me know your thoughts and if this was as exciting for you as it was for me - or if you want your time back, see below *No money (or time) back but happy to hear your feedback in the comments!
NYSE:OSCRLong
by ReigningTrades
🏥💡 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 🏥💼
NYSE:OSCRLong
by Richtv_official
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 :)
NYSE:OSCRLong
by ReigningTrades
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!
NYSE:OSCRLong
by Kemsdale
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.
NYSE:OSCRLong
by AwesomeAvani
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.
NYSE:OSCR
by fibonacci6180