360 One Wam Limited Stock Forecast
On Wednesday, 360 One Wam Limited stock price gained an impressive 6.19%
(Updated on Jun 26, 2024)
The 360 One Wam Limited stock price gained 6.19% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹836.25 to ₹888.05. During the last trading day the stock fluctuated 6.98% from a day low at ₹840.85 to a day high of ₹899.50. The price has risen in 6 of the last 10 days and is up by 13.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 68 thousand more shares were traded than the day before. In total, 79 thousand shares were bought and sold for approximately ₹70.56 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹915.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.82% during the next 3 months and, with a 90% probability hold a price between ₹872.96 and ₹1,042.08 at the end of this 3-month period.
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360ONE.BO Signals & Forecast
Mostly positive signals in the chart today. The 360 One Wam 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 ₹844.76 and ₹793.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 20.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for 360 One Wam Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹807.70 and ₹800.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 360 One Wam Limited finds support just below today's level at ₹807.70. If this is broken, then the next support from accumulated volume will be at ₹800.50 and ₹799.50.
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 ₹58.65 between high and low, or 6.98%. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: ₹857.15 (-3.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (360ONE.BO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect 360 One Wam Limited to open at ₹876.13, and during the day (based on 14 day Average True Range), to move between ₹853.85 and ₹922.25, which gives a possible trading interval of +/-₹34.20 (+/-3.85%) up or down from last closing price. If 360 One Wam Limited takes out the full calculated possible swing range there will be an estimated 7.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹807.70, some ₹80.35 (9.05%) from the current price of ₹888.05, our system finds the risk reward attractive.
Is 360 One Wam Limited stock A Buy?
360 One Wam Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.439 Strong Buy Candidate Upgraded
Predicted Opening Price for 360 One Wam Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹876.13 ( 1.34%) | ₹888.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 360ONE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 934.78 | 5.26% |
| R2 | 912.38 | 2.74% |
| R1 | 898.54 | 1.18% |
| Price | 888.05 | |
| S1 | 853.73 | -3.86% |
| S2 | 839.89 | -5.42% |
| S3 | 817.48 | -7.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 888.05 | |
| S1 | 807.70 | -9.05% |
| S2 | 800.50 | -9.86% |
| S3 | 799.50 | -9.97% |
360ONE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 22, 2024 | ₹3.50 | 0.441% |
| 2 | Jan 29, 2024 | Jan 29, 2024 | Feb 16, 2024 | ₹4.50 | 0.647% |
| 3 | Nov 10, 2023 | Nov 10, 2023 | Dec 01, 2023 | ₹4.00 | 0.687% |
| 4 | Jul 28, 2023 | Jul 28, 2023 | Aug 18, 2023 | ₹4.00 | 0.788% |
| 5 | May 12, 2023 | May 12, 2023 | Jun 03, 2023 | ₹4.00 | 0.96% |
FAQ
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