360 Capital Group Limited Stock Forecast
Red day on Wednesday for 360 Capital Group Limited
(Updated on Jun 26, 2024)
The 360 Capital Group Limited stock price fell by -2.54% on the last day (Wednesday, 26th Jun 2024) from $0.590 to $0.575. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.61% from a day low at $0.575 to a day high of $0.590. The price has fallen in 6 of the last 10 days and is down by -8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -33 thousand shares and in total, 130 thousand shares were bought and sold for approximately $74.69 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.23% during the next 3 months and, with a 90% probability hold a price between $0.474 and $0.595 at the end of this 3-month period.
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TGP.AX Signals & Forecast
There are few to no technical positive signals at the moment. The 360 Capital Group 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 $0.604 and $0.616. 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 04, 2024, and so far it has fallen -12.88%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for 360 Capital Group Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.535. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0150 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TGP.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect 360 Capital Group Limited to open at $0.580, and during the day (based on 14 day Average True Range), to move between $0.557 and $0.593, which gives a possible trading interval of +/-$0.0176 (+/-3.07%) up or down from last closing price. If 360 Capital Group Limited takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.535 (6.96%) than the resistance at $0.615 (6.96%), 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 Capital Group Limited stock A Buy?
360 Capital Group Limited holds several negative signals and is within a very 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: -3.544 Sell Candidate Unchanged
Predicted Opening Price for 360 Capital Group Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.580 ( 0.87%) | $0.575 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGP.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.595 | 3.48% |
| R2 | 0.589 | 2.48% |
| R1 | 0.586 | 1.87% |
| Price | 0.575 | |
| S1 | 0.574 | -0.127% |
| S2 | 0.571 | -0.743% |
| S3 | 0.565 | -1.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.640 | 11.30% |
| R2 | 0.630 | 9.57% |
| R1 | 0.615 | 6.96% |
| Price | 0.575 | |
| S1 | 0.535 | -6.96% |
| S2 | 0 | - |
| S3 | 0 | - |
TGP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jul 26, 2024 | $0.0150 | 2.61% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0200 | 3.51% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0200 | 2.99% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.0225 | 2.74% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | $0.0800 | 9.52% |
FAQ
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