360 ONE WAM LIMITED (360ONE) Stock - Complete Technical Analysis - Nov 19, 2024

360 ONE Stock Analysis: Key Support & Resistance Levels for Traders

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 has been trading within a moderately volatile range, supported by stable technical indicators. The current price of 1,066 places the stock in a recovery phase, nearly doubling from its 52-week low. With RSI at 53, the momentum is neutral, suggesting the market is waiting for a catalyst. The ADX reading below 10 indicates weak trend strength, which could lead to further consolidation before a decisive move.

On the upside, resistance levels are forming near 1,100, bolstered by Fibonacci and Pivot-based calculations, while strong supports are evident near 1,050, aligning with key moving averages. MACD and Awesome Oscillator indicate subdued bullish activity, but the Stochastic RSI shows potential for upward momentum. If the stock crosses 1,100 with volume, it could trigger a rally towards 1,150 and beyond.

The 52-week high at 1,215 remains a longer-term resistance, and traders should watch for any reversal patterns near this level. For intraday traders, observing the intraday volatility and price gaps can help identify quick entry and exit points. A close below 1,050 could signal weakness, with the next significant support near 1,000. Overall, patience is key as the stock navigates through its consolidation phase.