AllianceBernstein Holding LP Stock Forecast
AllianceBernstein Holding LP stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The AllianceBernstein Holding LP stock price fell by -0.361% on the last day (Friday, 3rd May 2024) from $33.28 to $33.16. During the last trading day the stock fluctuated 3.06% from a day low at $32.70 to a day high of $33.70. The price has been going up and down for this period, and there has been a 0.39% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -44 thousand shares and in total, 244 thousand shares were bought and sold for approximately $8.11 million.
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 AllianceBernstein Holding LP stock with a 90% probability to be traded between $32.23 and $35.35 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.
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AB Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AllianceBernstein Holding LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $33.49 and $33.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.76%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for AllianceBernstein Holding LP stock
AllianceBernstein Holding LP finds support from accumulated volume at $33.15 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 $1.00 (3.06%) between high and low. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: $31.60 (-4.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AllianceBernstein Holding LP to open at $33.19, and during the day (based on 14 day Average True Range), to move between $32.22 and $34.10, which gives a possible trading interval of +/-$0.94 (+/-2.84%) up or down from last closing price. If AllianceBernstein Holding LP takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.15 (0.03%) than the resistance at $33.56 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AllianceBernstein Holding LP stock A Buy?
AllianceBernstein Holding LP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.289 Hold/Accumulate Upgraded
Predicted Opening Price for AllianceBernstein Holding LP of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $33.19 ( 0.0804%) | $33.16 |
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 | 34.19 | 3.10 % | |
| R2 | 33.80 | 1.94 % | ||
| R1 | 33.57 | 1.23 % | ||
| Current price: | 33.16 | |||
| Support | S1 | 32.80 | -1.07 % | |
| S2 | 32.57 | -1.78 % | ||
| S3 | 32.19 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.10 | 2.83 % | |
| R2 | 33.71 | 1.66 % | ||
| R1 | 33.56 | 1.21 % | ||
| Current price | 33.16 | |||
| Support | S1 | 33.15 | -0.0302% | |
| S2 | 32.58 | -1.75% | ||
| S3 | 31.77 | -4.19% |
AB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 03, 2024 | May 23, 2024 | $0.730 | 2.20% |
| 2 | Feb 06, 2024 | Feb 16, 2024 | Mar 14, 2024 | $0.770 | 2.31% |
| 3 | Oct 26, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
| 4 | Nov 03, 2023 | Nov 03, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
| 5 | Jul 27, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.610 | 2.03% |
FAQ
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