361 Degrees International Limited Stock Forecast
361 Degrees International Limited stock price ended at HK$3.96 on Tuesday, after losing 1.74%.
(Updated on Jul 02, 2024)
The 361 Degrees International Limited stock price fell by -1.74% on the last day (Tuesday, 2nd Jul 2024) from HK$4.03 to HK$3.96. During the last trading day the stock fluctuated 2.53% from a day low at HK$3.95 to a day high of HK$4.05. The price has fallen in 6 of the last 10 days and is down by -5.71% for this period. Volume has increased on the last day by 432 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately HK$8.08 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$3.90 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.45% during the next 3 months and, with a 90% probability hold a price between HK$3.50 and HK$4.05 at the end of this 3-month period.
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1361.HK Signals & Forecast
There are few to no technical positive signals at the moment. The 361 Degrees International Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$4.09 and HK$4.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -14.10%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for 361 Degrees International Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.1000 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 3.42%.
361 Degrees International Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1361.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect 361 Degrees International Limited to open at HK$3.99, and during the day (based on 14 day Average True Range), to move between HK$3.81 and HK$4.11, which gives a possible trading interval of +/-HK$0.148 (+/-3.75%) 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 7.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$4.64, some HK$0.680 (17.17%) from the current price of HK$3.96, our system finds the risk reward not very attractive.
Is 361 Degrees International Limited stock A Buy?
361 Degrees International Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.853 Sell Candidate Unchanged
Predicted Opening Price for 361 Degrees International Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$3.99 ( 0.673%) | HK$3.96 |
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 | |
|---|---|---|
| R3 | 4.09 | 3.20% |
| R2 | 4.05 | 2.23% |
| R1 | 4.02 | 1.64% |
| Price | 3.96 | |
| S1 | 3.95 | -0.291% |
| S2 | 3.92 | -0.89% |
| S3 | 3.89 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.85 | 22.47% |
| R2 | 4.76 | 20.20% |
| R1 | 4.64 | 17.17% |
| Price | 3.96 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
1361 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 17, 2024 | HK$0.139 | 2.94% |
| 2 | Aug 28, 2023 | Aug 28, 2023 | Sep 12, 2023 | HK$0.0650 | 1.56% |
| 3 | Mar 17, 2020 | May 04, 2020 | Jun 03, 2020 | HK$0.0150 | 1.44% |
| 4 | Aug 20, 2019 | Sep 02, 2019 | Sep 17, 2019 | HK$0.0110 | 0.719% |
| 5 | Aug 23, 2018 | Sep 05, 2018 | Sep 20, 2018 | HK$0.0760 | 3.90% |
FAQ
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