360 Finance, Inc. Stock Forecast
Green day on Tuesday for 360 Finance, Inc. stock after gaining 0.457%
(Updated on Jul 02, 2024)
The 360 Finance, Inc. stock price gained 0.457% on the last trading day (Tuesday, 2nd Jul 2024), rising from $19.70 to $19.79. During the last trading day the stock fluctuated 1.42% from a day low at $19.67 to a day high of $19.95. The price has risen in 6 of the last 10 days and is up by 1.38% 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, 125 thousand more shares were traded than the day before. In total, 710 thousand shares were bought and sold for approximately $14.05 million.
The stock lies in the middle of a wide and weak 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 5.69% during the next 3 months and, with a 90% probability hold a price between $19.91 and $23.32 at the end of this 3-month period.
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QFIN Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 360 Finance, Inc. 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 $19.81 and $20.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -2.66%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for 360 Finance, Inc. stock
360 Finance, Inc. finds support from accumulated volume at $19.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 2.25%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect 360 Finance, Inc. to open at $19.80, and during the day (based on 14 day Average True Range), to move between $19.17 and $20.41, which gives a possible trading interval of +/-$0.616 (+/-3.11%) up or down from last closing price. If 360 Finance, Inc. takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.76 (0.15%) than the resistance at $19.94 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -2.523 Sell Candidate Unchanged
Predicted Opening Price for 360 Finance, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.80 ( 0.0674%) | $19.79 |
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 | |
|---|---|---|
| R3 | 20.08 | 1.48% |
| R2 | 19.98 | 0.94% |
| R1 | 19.91 | 0.608% |
| Price | 19.79 | |
| S1 | 19.70 | -0.473% |
| S2 | 19.63 | -0.81% |
| S3 | 19.52 | -1.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.51 | 3.64% |
| R2 | 20.10 | 1.57% |
| R1 | 19.94 | 0.758% |
| Price | 19.79 | |
| S1 | 19.76 | -0.152% |
| S2 | 18.29 | -7.58% |
| S3 | 18.02 | -8.94% |
QFIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Apr 12, 2024 | May 24, 2024 | $0.580 | 2.90% |
| 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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