Alignment Healthcare Holdings, LLC Stock Forecast
Alignment Healthcare Holdings, LLC stock price ended at $7.88 on Tuesday, after losing 1.13%.
(Updated on Jul 02, 2024)
The Alignment Healthcare Holdings, LLC stock price fell by -1.13% on the last day (Tuesday, 2nd Jul 2024) from $7.97 to $7.88. During the last trading day the stock fluctuated 4.03% from a day low at $7.82 to a day high of $8.13. The price has been going up and down for this period, and there has been a -0.25% loss 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 -637 thousand shares and in total, 381 thousand shares were bought and sold for approximately $3.00 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.61 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 73.66% during the next 3 months and, with a 90% probability hold a price between $13.22 and $16.49 at the end of this 3-month period.
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ALHC Signals & Forecast
The Alignment Healthcare Holdings, LLC 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 $7.72 and $7.64. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 06, 2024, and so far it has fallen -6.08%. 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). 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 Alignment Healthcare Holdings, LLC stock
Alignment Healthcare Holdings, LLC finds support from accumulated volume at $7.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.315 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 5.68%.
Our recommended stop-loss: $7.40 (-6.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 62 days ago.)
Trading Expectations (ALHC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Alignment Healthcare Holdings, LLC to open at $7.94, and during the day (based on 14 day Average True Range), to move between $7.49 and $8.27, which gives a possible trading interval of +/-$0.390 (+/-4.95%) up or down from last closing price. If Alignment Healthcare Holdings, LLC takes out the full calculated possible swing range there will be an estimated 9.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.82 (0.76%) than the resistance at $7.97 (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alignment Healthcare Holdings, LLC 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 Alignment Healthcare Holdings, LLC stock to perform well in the short-term.
Current score: 3.327 Buy Candidate Unchanged
Predicted Opening Price for Alignment Healthcare Holdings, LLC of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $7.94 ( 0.783%) | $7.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALHC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.26 | 4.78% |
| R2 | 8.14 | 3.25% |
| R1 | 8.06 | 2.31% |
| Price | 7.88 | |
| S1 | 7.82 | -0.744% |
| S2 | 7.75 | -1.69% |
| S3 | 7.63 | -3.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.13 | 3.17% |
| R2 | 8.10 | 2.79% |
| R1 | 7.97 | 1.14% |
| Price | 7.88 | |
| S1 | 7.82 | -0.761% |
| S2 | 6.78 | -13.96% |
| S3 | 6.63 | -15.86% |
FAQ
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