360 Finance, Inc. Stock Forecast
Evaluation of 360 Finance, Inc. stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
No changes to the price of 360 Finance, Inc. stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 1.22% from a day low at $17.96 to a day high of $18.18. The price has fallen in 5 of the last 10 days and is down by -6.54% 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 $17.95 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 42.08% during the next 3 months and, with a 90% probability hold a price between $25.51 and $29.26 at the end of this 3-month period.
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QFIN Signals & Forecast
There are few to no technical positive signals at the moment. The 360 Finance, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $18.38 and $18.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -9.90%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for 360 Finance, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.30 and $15.21. 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 Finance, Inc. finds support just below today's level at $16.30. If this is broken, then the next support from accumulated volume will be at $15.21 and $13.87.
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 $0.220 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QFIN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect 360 Finance, Inc. to open at $18.05, and during the day (based on 14 day Average True Range), to move between $17.34 and $18.70, which gives a possible trading interval of +/-$0.685 (+/-3.80%) up or down from last closing price. If 360 Finance, Inc. takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.36 (1.89%) than the support at $16.30 (9.54%), 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 360 Finance, Inc. stock A Buy?
The 360 Finance, Inc. stock holds several negative signals and despite the positive trend, we believe 360 Finance, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.422 Sell Candidate Downgraded
Predicted Opening Price for 360 Finance, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $18.05 ( 0.185%) | $18.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QFIN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.27 | 1.41 % | |
| R2 | 18.19 | 0.94 % | ||
| R1 | 18.14 | 0.651 % | ||
| Current price: | 18.02 | |||
| Support | S1 | 17.97 | -0.281 % | |
| S2 | 17.92 | -0.570 % | ||
| S3 | 17.83 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.90 | 10.43 % | |
| R2 | 18.60 | 3.22 % | ||
| R1 | 18.36 | 1.89 % | ||
| Current price | 18.02 | |||
| Support | S1 | 16.30 | -9.54% | |
| S2 | 15.21 | -15.59% | ||
| S3 | 13.87 | -23.03% |
QFIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 12, 2024 | $0 | 0% |
| 2 | Aug 21, 2023 | Sep 21, 2023 | Nov 01, 2023 | $0.490 | 3.34% |
| 3 | Jul 09, 2023 | Apr 10, 2023 | May 19, 2023 | $0.160 | 1.06% |
| 4 | May 10, 2023 | Dec 09, 2022 | Jan 20, 2023 | $0.160 | 0.712% |
| 5 | Aug 18, 2022 | Sep 15, 2022 | Oct 28, 2022 | $0.180 | 1.77% |
FAQ
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