361 Degrees International Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for 361 Degrees International Limited
(Updated on May 03, 2024)
The 361 Degrees International Limited stock price fell by -0.629% on the last day (Friday, 3rd May 2024) from HK$4.77 to HK$4.74. During the last trading day the stock fluctuated 2.33% from a day low at HK$4.73 to a day high of HK$4.84. The price has risen in 5 of the last 10 days and is up by 6.28% over the past 2 weeks. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately HK$16.14 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.84% during the next 3 months and, with a 90% probability hold a price between HK$5.68 and HK$6.47 at the end of this 3-month period.
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1361.HK Signals & Forecast
The 361 Degrees International Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$4.71 and HK$4.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -2.27%. Further fall is indicated until a new bottom pivot has been found. 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
361 Degrees International Limited finds support from accumulated volume at HK$4.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.110 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: HK$4.59 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (1361.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect 361 Degrees International Limited to open at HK$4.77, and during the day (based on 14 day Average True Range), to move between HK$4.57 and HK$4.91, which gives a possible trading interval of +/-HK$0.171 (+/-3.61%) 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 7.22% 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$4.75 (0.21%) than the support at HK$4.64 (2.11%), 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: 2.477 Buy Candidate Unchanged
Predicted Opening Price for 361 Degrees International Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$4.77 ( 0.633%) | HK$4.74 |
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 | 4.88 | 2.95 % | |
| R2 | 4.84 | 2.07 % | ||
| R1 | 4.81 | 1.52 % | ||
| Current price: | 4.74 | |||
| Support | S1 | 4.73 | -0.254 % | |
| S2 | 4.70 | -0.80 % | ||
| S3 | 4.66 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.85 | 2.32 % | |
| R2 | 4.76 | 0.422 % | ||
| R1 | 4.75 | 0.211 % | ||
| Current price | 4.74 | |||
| Support | S1 | 4.64 | -2.11% | |
| S2 | 4.46 | -5.91% | ||
| S3 | 4.23 | -10.76% |
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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