360 ONE WAM LIMITED (360ONE) Stock - Complete Technical Analysis - Sep 26, 2024

360 ONE WAM Stock Analysis Key Support, Resistance & Indicators 2024

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. In today's technical analysis of 360 ONE WAM LIMITED (360ONE), we observe the stock trading at 1,079.75, currently 11.13% below its 52-week high of 1,215.00, but significantly up by 121.46% from its 52-week low of 487.55.

The momentum indicators are showing mixed signals. RSI is at a neutral level of 51.13, indicating no immediate overbought or oversold condition. However, the ADX at 18.55 points to a weak trend, suggesting that the stock is moving sideways for now. MACD is positive but not significantly strong, reflecting limited upward momentum.

The short-term moving averages such as the 10-day and 20-day EMAs are nearly in line with the current price, signaling consolidation. However, the 50-day EMA and SMA sit below the current price, acting as potential support levels around 1,045. If the price breaks below these moving averages, it could lead to a short-term downtrend, with the next significant support zone around 965 based on classic pivot levels.

On the resistance side, 1,090 emerges as the immediate hurdle, with a break above that level potentially triggering a test of the 1,197 region. Meanwhile, momentum indicators like the Stochastic %K at 33.59 and Williams %R at -46.71 suggest that the stock may continue to consolidate before choosing a direction. The Awesome Oscillator is negative, indicating that bearish momentum is slightly outweighing bullish forces for now.

A "Piercing Pattern" has been identified, which could be a sign of a potential reversal from the recent lows. Traders should watch for a confirmed breakout above resistance levels to capitalize on any further upward move, while also being cautious of support levels below if the stock fails to maintain current levels.

Overall, 360 ONE WAM is in a consolidation phase, with no clear trend direction. Traders are advised to keep an eye on volume and price action near key moving averages and support/resistance levels for clearer entry or exit points.