Alexander & Baldwin Holdings Inc Stock Forecast
Alexander & Baldwin Holdings Inc stock price up 0.416% on Tuesday
(Updated on Jul 02, 2024)
The Alexander & Baldwin Holdings Inc stock price gained 0.416% on the last trading day (Tuesday, 2nd Jul 2024), rising from $16.83 to $16.90. During the last trading day the stock fluctuated 1.01% from a day low at $16.86 to a day high of $17.03. The price has risen in 5 of the last 10 days and is up by 2.74% 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, 67 thousand more shares were traded than the day before. In total, 301 thousand shares were bought and sold for approximately $5.09 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.41% during the next 3 months and, with a 90% probability hold a price between $17.07 and $18.27 at the end of this 3-month period.
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ALEX Signals & Forecast
Mostly positive signals in the chart today. The Alexander & Baldwin Holdings Inc 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 $16.69 and $16.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 4.00%. 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 Alexander & Baldwin Holdings Inc stock
Alexander & Baldwin Holdings Inc finds support from accumulated volume at $16.72 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 $0.170 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $16.08 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (ALEX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Alexander & Baldwin Holdings Inc to open at $16.93, and during the day (based on 14 day Average True Range), to move between $16.62 and $17.18, which gives a possible trading interval of +/-$0.275 (+/-1.63%) up or down from last closing price. If Alexander & Baldwin Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.93 (0.18%) than the support at $16.72 (1.07%), 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 Alexander & Baldwin Holdings Inc 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 Alexander & Baldwin Holdings Inc stock to perform well in the short-term.
Current score: 1.105 Buy Candidate Unchanged
Predicted Opening Price for Alexander & Baldwin Holdings Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $16.93 ( 0.178%) | $16.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALEX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.10 | 1.18% |
| R2 | 17.04 | 0.799% |
| R1 | 16.99 | 0.562% |
| Price | 16.90 | |
| S1 | 16.87 | -0.207% |
| S2 | 16.82 | -0.444% |
| S3 | 16.76 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.00 | 0.592% |
| R2 | 16.96 | 0.355% |
| R1 | 16.93 | 0.178% |
| Price | 16.90 | |
| S1 | 16.72 | -1.07% |
| S2 | 16.47 | -2.54% |
| S3 | 16.45 | -2.66% |
ALEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Jun 14, 2024 | Jul 08, 2024 | $0.223 | 1.32% |
| 2 | Feb 28, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.223 | 1.40% |
| 3 | Dec 11, 2023 | Dec 21, 2023 | Jan 08, 2024 | $0.223 | 1.20% |
| 4 | Jul 25, 2023 | Sep 15, 2023 | Oct 04, 2023 | $0.220 | 1.35% |
| 5 | Apr 25, 2023 | Jun 15, 2023 | Jul 05, 2023 | $0.220 | 1.19% |
FAQ
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