AllianceBernstein Holding LP Stock Forecast
AllianceBernstein Holding LP stock price up 1.61% on Wednesday
(Updated on Mar 27, 2024)
The AllianceBernstein Holding LP stock price gained 1.61% on the last trading day (Wednesday, 27th Mar 2024), rising from $34.20 to $34.75. During the last trading day the stock fluctuated 2.17% from a day low at $34.16 to a day high of $34.90. The price has risen in 6 of the last 10 days and is up by 1.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 91 thousand more shares were traded than the day before. In total, 350 thousand shares were bought and sold for approximately $12.18 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $35.31 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.83% during the next 3 months and, with a 90% probability hold a price between $34.69 and $37.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AB Signals & Forecast
Mostly positive signals in the chart today. The AllianceBernstein Holding LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.19 and $33.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 9.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for AllianceBernstein Holding LP stock
AllianceBernstein Holding LP finds support from accumulated volume at $33.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.740 (2.17%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: $32.79 (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (AB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AllianceBernstein Holding LP to open at $34.60, and during the day (based on 14 day Average True Range), to move between $33.91 and $35.59, which gives a possible trading interval of +/-$0.84 (+/-2.42%) up or down from last closing price. If AllianceBernstein Holding LP takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $33.75, some $1.00 (2.88%) from the current price of $34.75, our system finds the risk reward attractive.
Is AllianceBernstein Holding LP stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AllianceBernstein Holding LP stock to perform well in the short-term.
Current score: 3.965 Buy Candidate Unchanged
Predicted Opening Price for AllianceBernstein Holding LP of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$34.60 ( 0.422%) | $34.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.34 | 1.71 % | |
R2 | 35.06 | 0.89 % | ||
R1 | 34.89 | 0.391 % | ||
Current price: | 34.75 | |||
Support | S1 | 34.32 | -1.24 % | |
S2 | 34.15 | -1.74 % | ||
S3 | 33.86 | -2.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 34.75 | |||
Support | S1 | 33.75 | -2.88% | |
S2 | 33.15 | -4.60% | ||
S3 | 31.77 | -8.58% |
AB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Feb 16, 2024 | Mar 14, 2024 | $0.770 | 2.31% |
2 | Oct 26, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
3 | Nov 03, 2023 | Nov 03, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
4 | Jul 27, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.610 | 2.03% |
5 | Apr 26, 2023 | May 05, 2023 | Aug 17, 2023 | $0.660 | 2.19% |
FAQ
Click here for our free guide on how to buy AllianceBernstein Holding LP Stock.