360 ONE WAM LIMITED (360ONE) Stock - Complete Technical Analysis - Sep 18, 2024

360 ONE WAM Stock Analysis: Key Support & Resistance Levels for Trading Strategy

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. 360 ONE WAM Limited (360ONE) is currently trading at 1081, about 11% below its 52-week high of 1215, yet significantly up by 121.78% from its 52-week low of 487.55. The stock's technical indicators suggest a mixed outlook, with signs of consolidation and potential reversals. The MACD shows bullish momentum, while the RSI hovers around neutral territory at 51, indicating neither overbought nor oversold conditions. ADX, standing at 25, suggests the trend is not particularly strong, and a clear directional bias is lacking. The Stochastic Oscillator and Williams %R show the stock moving closer to oversold levels, hinting at a potential buying opportunity.

The appearance of a Shooting Star pattern in recent price action signals a possible bearish reversal, which could indicate short-term weakness. The stock is trading near the key support zone between the 50-day EMA and the Ichimoku base line, around 1039-1067, which could act as a strong foundation for any bullish attempts. On the upside, the stock faces resistance in the 1090-1100 zone, with stronger barriers near 1197.

The moving averages show the stock is above its 200-day EMA and SMA, indicating a long-term uptrend, but the Awesome Oscillator and Momentum indicators suggest waning strength, potentially leading to sideways or corrective movement in the short term. Traders should keep an eye on these support and resistance levels, along with the behavior of key indicators like the Ultimate Oscillator and CCI, which could signal an entry or exit point.

Overall, the stock is in a consolidation phase, but watch for a breakout or breakdown in the coming days, especially around the crucial support and resistance levels.