360 ONE WAM LIMITED (360ONE) Stock - Complete Technical Analysis - Sep 05, 2024

360 ONE WAM Stock Analysis Key Support and Resistance Levels Will It Break Out

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 1,107, which is 8.91% below its 52-week high and 129.13% above its 52-week low, indicating a solid uptrend over the past year. The stock has recently formed an inside candle pattern, which suggests consolidation and a potential breakout. Traders should monitor the high and low of 1,114 and 1,067.6, respectively, for a breakout direction.

From a technical perspective, the stock is showing strength. The RSI is in a bullish zone, suggesting the momentum remains upward but may approach overbought territory soon. MACD is in a positive zone, confirming the ongoing bullish momentum. The ADX indicates a strong trend, and momentum remains positive, signaling the possibility of further upward movement. However, Williams Percent Range suggests the stock might experience some short-term consolidation before the next move.

The moving averages are aligned with the current bullish trend, as the price is trading above key EMAs and SMAs, including the 10, 20, 50, and 200-day averages. This indicates strong support for the stock around 1,075, with potential resistance near 1,115. Awesome Oscillator and Bull Bear Power also reflect bullish sentiment, while ATR suggests moderate volatility, so traders should expect steady price movements.

Overall, 360 ONE WAM is in a bullish phase with strong momentum, but traders should watch for a breakout from the inside candle pattern to confirm the next leg of the trend. Key support levels to watch are near 1,067, and resistance around 1,115. If the stock breaks above resistance, it could target new highs, but failure to do so may lead to a retracement toward the support zones.