360 Finance, Inc. (:QFIN) is holding above the stock’s moving averages, indicating a postitive uptrend for Financial company.
Individual investors have the tendency to migrate towards certain stock strategies that have been successful in the past. While following previous strategies may be profitable, investors have to be ready for sudden market changes. Most investors will rejoice when stocks in the portfolio catch a hot streak. On the opposite side, investors may become highly dejected when they experience a prolonged losing streak. Sometimes, previously successful strategies run their course and they no longer work. Investors may benefit greatly from being able to make adjustments when the market takes a turn for the worse.
In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands -4.59% away from its 50-day simple moving average and -32.89% away from the 200-day average. The price currently stands at $8.99.
Investing in the stock market has traditionally offered higher returns than other types of investments. With the higher potential for returns, there is also a higher risk factor. Investors typically need to address their own personal risk situation before jumping into the market. Figuring out risk appetite can help when choosing which types of stocks to buy. Some investors will decide that they want to take a chance on certain stocks that have the potential to outperform in the future. Other investors may opt to play it safe and build a portfolio with low risk, staple stocks.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, 360 Finance, Inc. (:QFIN)‘s stock was -42.02%. -17.14% over the last quarter, and -55.09% for the past six months.
Over the past 50 days, 360 Finance, Inc. stock was -17.15% off of the high and 9.50% removed from the low. Their 52-Week High and Low are noted here. -63.23% (High), 9.50%, (Low).
The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 50.13 for 360 Finance, Inc. (:QFIN).
The consensus analysts recommendation at this point stands at 1.70 on this stock. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The Street has a 21.81 target price on the shares for the next 12-18 months.
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