360 ONE WAM LIMITED (360ONE) Stock - Complete Technical Analysis - Nov 29, 2024

360 ONE WAM LIMITED (360ONE) Stock Technical Analysis Key Levels & Trend Insights 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 (360ONE) stock is currently trading at 1,115, down 8.23% from its 52-week high of 1,215 and up 106.38% from its 52-week low of 540.3, reflecting significant recent gains.

Support and Resistance: The stock has strong support near 1,058 and 1,083, which are close to key moving averages. Resistance is found at levels between 1,176 to 1,261, with price action recently testing these zones.

Technical Indicators: MACD, RSI, and Momentum indicators suggest positive short-term momentum, while the ADX is low, indicating weak trend strength. Stochastic RSI shows overbought conditions, potentially signaling a short-term reversal.

Volatility and Risk: The ATR has shown increased volatility, particularly in the last few trading days, suggesting possible larger price swings. Traders should be prepared for sudden price changes.

Price Trend and Patterns: An Inverted Hammer pattern was recently observed, which signals a possible bullish reversal but requires caution due to its lower reliability without a preceding downtrend.

Summary: 360ONE is in a consolidation phase with upward momentum. Traders should watch key support and resistance levels closely for possible breakout or breakdown points. The stock could offer opportunities for short-term trades, but it's essential to consider volatility and potential reversals.