Alerian MLP ETF Forecast
Alerian MLP ETF price ended at $46.75 on Friday, after gaining 0.322%.
(Updated on Jun 21, 2024)
The Alerian MLP ETF price gained 0.322% on the last trading day (Friday, 21st Jun 2024), rising from $46.60 to $46.75. During the last trading day the ETF fluctuated 0.752% from a day low at $46.58 to a day high of $46.93. The price has risen in 5 of the last 10 days and is up by 1.28% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 1 million shares were bought and sold for approximately $56.13 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 ETF lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $46.78 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.21% during the next 3 months and, with a 90% probability hold a price between $43.22 and $45.28 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AMLP Signals & Forecast
The Alerian MLP ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF 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 $46.25 and $46.34. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ETF should be watched closely. 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 Monday, June 10, 2024, and so far it has fallen -0.490%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, June 18, 2024 in the long-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 ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 18, 2024 in the long-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 ETF in question.
Support, Risk & Stop-loss for Alerian MLP ETF
Alerian MLP finds support from accumulated volume at $46.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.350 between high and low, or 0.752%. For the last week the ETF has had daily average volatility of 1.16%.
Our recommended stop-loss: $45.18 (-3.37%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (AMLP) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Alerian MLP ETF to open at $46.75, and during the day (based on 14 day Average True Range), to move between $46.18 and $47.32, which gives a possible trading interval of +/-$0.569 (+/-1.22%) up or down from last closing price. If Alerian MLP ETF takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $46.71 (0.09%) than the resistance at $46.89 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alerian MLP ETF ETF A Buy?
Alerian MLP 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: -0.004 Hold/Accumulate Unchanged
Predicted Opening Price for Alerian MLP ETF of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$46.75 ( 0.0073%) | $46.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMLP
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 47.10 | 0.756% |
R2 | 46.97 | 0.470% |
R1 | 46.89 | 0.293% |
Price | 46.75 | |
S1 | 46.62 | -0.279% |
S2 | 46.54 | -0.456% |
S3 | 46.40 | -0.742% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 47.46 | 1.52% |
R2 | 47.05 | 0.642% |
R1 | 46.89 | 0.299% |
Price | 46.75 | |
S1 | 46.71 | -0.0856% |
S2 | 46.68 | -0.150% |
S3 | 46.55 | -0.428% |
AMLP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 15, 2024 | May 09, 2024 | May 14, 2024 | $0.94 | 2.01% |
2 | Jan 15, 2024 | Feb 08, 2024 | Feb 13, 2024 | $0.88 | 2.03% |
3 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | $0.88 | 2.13% |
4 | Feb 20, 2023 | Aug 10, 2023 | Aug 15, 2023 | $0.83 | 2.07% |
5 | Feb 20, 2023 | May 11, 2023 | May 16, 2023 | $0.86 | 2.22% |
FAQ
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