361 Degrees International Limited Stock Forecast
Red day on Friday for 361 Degrees International Limited
(Updated on Apr 19, 2024)
No changes to the price of 361 Degrees International Limited stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 4.68% from a day low at HK$4.27 to a day high of HK$4.47. The price has fallen in 6 of the last 10 days and is down by -2.83% for this period.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$4.39 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.89% during the next 3 months and, with a 90% probability hold a price between HK$5.93 and HK$6.75 at the end of this 3-month period.
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1361.HK Signals & Forecast
The 361 Degrees International Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$4.51. On a fall, the stock will find some support from the long-term average at approximately HK$4.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -8.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 361 Degrees International Limited stock
361 Degrees International Limited finds support from accumulated volume at HK$4.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.200 (4.68%) between high and low. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: HK$4.19 (-6.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (1361.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect 361 Degrees International Limited to open at HK$4.40, and during the day (based on 14 day Average True Range), to move between HK$4.27 and HK$4.65, which gives a possible trading interval of +/-HK$0.186 (+/-4.16%) up or down from last closing price. If 361 Degrees International Limited takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$4.56 (2.24%) than the support at HK$4.35 (2.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is 361 Degrees International Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 361 Degrees International Limited stock to perform well in the short-term.
Current score: 2.849 Buy Candidate Unchanged
Predicted Opening Price for 361 Degrees International Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| HK$4.40 ( 1.35%) | HK$4.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1361.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.60 | 3.14 % | |
| R2 | 4.52 | 1.43 % | ||
| R1 | 4.48 | 0.368 % | ||
| Current price: | 4.46 | |||
| Support | S1 | 4.32 | -3.06 % | |
| S2 | 4.28 | -4.12 % | ||
| S3 | 4.20 | -5.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.85 | 8.74 % | |
| R2 | 4.58 | 2.69 % | ||
| R1 | 4.56 | 2.24 % | ||
| Current price | 4.46 | |||
| Support | S1 | 4.35 | -2.47% | |
| S2 | 4.23 | -5.16% | ||
| S3 | 3.50 | -21.52% |
1361 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 17, 2020 | May 04, 2020 | Jun 03, 2020 | HK$0.0150 | 1.44% |
| 2 | Aug 20, 2019 | Sep 02, 2019 | Sep 17, 2019 | HK$0.0110 | 0.719% |
| 3 | Aug 23, 2018 | Sep 05, 2018 | Sep 20, 2018 | HK$0.0760 | 3.90% |
| 4 | Mar 13, 2018 | May 02, 2018 | Jun 04, 2018 | HK$0.0360 | 1.44% |
| 5 | Aug 22, 2017 | Sep 04, 2017 | Sep 18, 2017 | HK$0.0700 | 1.84% |
FAQ
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