360 Capital Group 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
360 Capital Group Limited stock price down 1.77% on Friday
(Updated on Jun 28, 2024)
The 360 Capital Group Limited stock price fell by -1.77% on the last day (Friday, 28th Jun 2024) from $0.565 to $0.555. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 5.41% from a day low at $0.555 to a day high of $0.585. The price has fallen in 7 of the last 10 days and is down by -9.02% 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 -637 thousand shares and in total, 55 thousand shares were bought and sold for approximately $30.56 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.579) are considered to be a "second chance" to get out. According to the fan-theory $0.527 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $0.588 and $0.612. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -13.28%. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0300 between high and low, or 5.41%. For the last week the stock has had daily average volatility of 3.34%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect 360 Capital Group Limited to open at $0.565, and during the day (based on 14 day Average True Range), to move between $0.536 and $0.574, which gives a possible trading interval of +/-$0.0185 (+/-3.33%) 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 6.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.615, some $0.0600 (10.81%) from the current price of $0.555, our system finds the risk reward not very attractive.
Is 360 Capital Group Limited stock A Buy?
360 Capital Group Limited holds several negative signals and is within a 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: -2.676 Sell Candidate Unchanged
Predicted Opening Price for 360 Capital Group Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.565 ( 1.80%) | $0.555 |
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 | 7.21% |
| R2 | 0.584 | 5.14% |
| R1 | 0.576 | 3.87% |
| Price | 0.555 | |
| S1 | 0.554 | -0.263% |
| S2 | 0.546 | -1.54% |
| S3 | 0.535 | -3.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.645 | 16.22% |
| R2 | 0.640 | 15.32% |
| R1 | 0.615 | 10.81% |
| Price | 0.555 | |
| S1 | 0 | - |
| 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 | 2.70% |
| 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
Click here for our free guide on how to buy 360 Capital Group Limited Stock.
