Alliant Energy Corporation Stock Forecast
Alliant Energy Corporation stock price up 0.87% on Thursday
(Updated on Apr 18, 2024)
The Alliant Energy Corporation stock price gained 0.87% on the last trading day (Thursday, 18th Apr 2024), rising from $48.42 to $48.84. During the last trading day the stock fluctuated 1.44% from a day low at $48.25 to a day high of $48.95. The price has fallen in 5 of the last 10 days and is down by -0.59% for this period. Volume fell on the last day by -530 thousand shares and in total, 1 million shares were bought and sold for approximately $53.00 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alliant Energy Corporation stock with a 90% probability to be traded between $47.97 and $51.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LNT Signals & Forecast
The Alliant Energy Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $48.26 and $48.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.04%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, February 13, 2024 with a target of $48.67. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Alliant Energy Corporation stock
Alliant Energy Corporation finds support from accumulated volume at $48.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.695 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $46.58 (-4.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (LNT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Alliant Energy Corporation to open at $48.68, and during the day (based on 14 day Average True Range), to move between $47.96 and $49.72, which gives a possible trading interval of +/-$0.88 (+/-1.80%) up or down from last closing price. If Alliant Energy Corporation takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.85 (0.02%) than the support at $48.77 (0.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Alliant Energy Corporation stock A Buy?
Alliant Energy Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.893 Hold/Accumulate Unchanged
Predicted Opening Price for Alliant Energy Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $48.68 ( 0.331%) | $48.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LNT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.37 | 1.09 % | |
| R2 | 49.11 | 0.548 % | ||
| R1 | 48.94 | 0.213 % | ||
| Current price: | 48.84 | |||
| Support | S1 | 48.41 | -0.87 % | |
| S2 | 48.25 | -1.21 % | ||
| S3 | 47.98 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.84 | 2.05 % | |
| R2 | 49.45 | 1.25 % | ||
| R1 | 48.85 | 0.0205 % | ||
| Current price | 48.84 | |||
| Support | S1 | 48.77 | -0.143% | |
| S2 | 48.66 | -0.369% | ||
| S3 | 48.39 | -0.92% |
LNT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 29, 2024 | May 15, 2024 | $0.480 | 0.98% |
| 2 | Jan 12, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.480 | 0.99% |
| 3 | Jan 12, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.480 | 0.99% |
| 4 | Oct 13, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.453 | 0.92% |
| 5 | Jul 14, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.453 | 0.90% |
FAQ
Click here for our free guide on how to buy Alliant Energy Corporation Stock.
