Alerian MLP ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Alerian MLP ETF price up 0.126% on Thursday
(Updated on Jun 27, 2024)
The Alerian MLP ETF price gained 0.126% on the last trading day (Thursday, 27th Jun 2024), rising from $47.64 to $47.70. During the last trading day the ETF fluctuated 0.760% from a day low at $47.47 to a day high of $47.84. The price has risen in 6 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -216 thousand shares and in total, 873 thousand shares were bought and sold for approximately $41.66 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 ETFhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $47.30, a level that may pose a second chance to hit a runner. According to fan-theory $49.95 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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. 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 $47.14 and $46.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 5.93%. 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 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. 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 $47.05 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 $0.361 between high and low, or 0.760%. For the last week the ETF has had daily average volatility of 0.95%.
Our recommended stop-loss: $46.04 (-3.48%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (AMLP) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Alerian MLP ETF to open at $47.67, and during the day (based on 14 day Average True Range), to move between $47.15 and $48.25, which gives a possible trading interval of +/-$0.545 (+/-1.14%) up or down from last closing price. If Alerian MLP ETF takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.76 (0.13%) than the support at $47.05 (1.36%), 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 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: 0.881 Hold/Accumulate Unchanged
Predicted Opening Price for Alerian MLP ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $47.67 ( 0.0635%) | $47.70 |
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 | 48.03 | 0.693% |
| R2 | 47.89 | 0.404% |
| R1 | 47.81 | 0.225% |
| Price | 47.70 | |
| S1 | 47.53 | -0.352% |
| S2 | 47.45 | -0.531% |
| S3 | 47.31 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.93 | 0.482% |
| R2 | 47.90 | 0.419% |
| R1 | 47.76 | 0.126% |
| Price | 47.70 | |
| S1 | 47.05 | -1.36% |
| S2 | 46.89 | -1.70% |
| S3 | 46.68 | -2.14% |
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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