RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AFB
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Alliance National Municipal Income Fund stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Alliance National Municipal Income Fund stock price gained 1.38% on the last trading day (Thursday, 28th Mar 2024), rising from $10.84 to $10.99. During the last trading day the stock fluctuated 1.76% from a day low at $10.80 to a day high of $10.99. The price has fallen in 6 of the last 10 days but is still up by 0.83% 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, 56 thousand more shares were traded than the day before. In total, 123 thousand shares were bought and sold for approximately $1.35 million.

The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alliance National Municipal Income Fund stock with a 90% probability to be traded between $10.87 and $11.25 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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AFB Signals & Forecast

The Alliance National Municipal Income Fund 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 $10.91 and $10.91. A breakdown below any of these levels will issue sell signals. Alliance National Municipal Income Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -0.543%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Alliance National Municipal Income Fund stock

Alliance National Municipal Income Fund finds support from accumulated volume at $10.95 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 $0.190 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 0.767%.

Our recommended stop-loss: $10.53 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (AFB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Alliance National Municipal Income Fund Inc to open at $10.93, and during the day (based on 14 day Average True Range), to move between $10.91 and $11.07, which gives a possible trading interval of +/-$0.0784 (+/-0.71%) up or down from last closing price. If Alliance National Municipal Income Fund Inc takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.00 (0.09%) than the support at $10.95 (0.36%), 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 Alliance National Municipal Income Fund Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alliance National Municipal Income Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.634 Buy Candidate Upgraded

Predicted Opening Price for Alliance National Municipal Income Fund Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.93 ( 0.576%) $10.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AFB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.12 1.15 %
R2 11.04 0.492 %
R1 11.00 0.0841 %
Current price: 10.99
Support S1 10.85 -1.24 %
S2 10.81 -1.64 %
S3 10.74 -2.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 11.05 0.546 %
R1 11.00 0.0910 %
Current price 10.99
Support S1 10.95 -0.364%
S2 10.89 -0.91%
S3 10.87 -1.09%

AFB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 26, 2024 Apr 04, 2024 Apr 19, 2024 $0.0327 0.298%
2 Mar 07, 2024 Mar 07, 2024 Mar 22, 2024 $0.0327 0.299%
3 Jan 23, 2024 Feb 01, 2024 Feb 16, 2024 $0.0327 0.301%
4 Dec 26, 2023 Jan 04, 2024 Jan 19, 2024 $0.0327 0.306%
5 Nov 28, 2023 Dec 07, 2023 Dec 22, 2023 $0.0327 0.301%

FAQ

What is the symbol for Alliance National Municipal Income Fund Inc Stock and on which exchange is it traded?
The symbol for Alliance National Municipal Income Fund Inc is AFB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Alliance National Municipal Income Fund Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alliance National Municipal Income Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Alliance National Municipal Income Fund Inc Stock?
Alliance National Municipal Income Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Alliance National Municipal Income Fund Inc Stock.

What's the current price of Alliance National Municipal Income Fund Inc Stock?
As of the end of day on the 2024-03-28, the price of an Alliance National Municipal Income Fund Inc (AFB) share was $10.99.

What is the 52-week high and low for Alliance National Municipal Income Fund Inc Stock?
The 52-week high for Alliance National Municipal Income Fund Inc Stock is $11.05 and the 52-week low is $8.95.

What is the market capitalization of Alliance National Municipal Income Fund Inc Stock?
As of the 2024-03-28, the market capitalization of Alliance National Municipal Income Fund Inc is 315.906M.

When is the next earnings date for Alliance National Municipal Income Fund Inc?
The upcoming earnings date for Alliance National Municipal Income Fund Inc is Jun 27, 2024.
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About Alliance National Municipal Income Fund Inc

AllianceBernstein National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax. The fund seeks to invest in bonds rated Baa/BBB or higher. It employs both quantitative and fundamental analysis to create ... AFB Profile

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