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Alliance World Dollar Government Fund II Fund Forecast NYSE:AWF

$12.12 (0.58%)

Volume: 165k

Closed: Dec 07, 2021

Hollow Logo Score: -1.309

Alliance World Dollar Government Fund II Fund Forecast

$12.12 (0.58%)

Volume: 165k

Closed: Dec 07, 2021

Score Hollow Logo -1.309
Which way will AWF go? Request
Key Stats
Beta 0.27
Trailing Dividend Rate 6.34% ($0.76)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 37 and the fund is currently not being overbought or oversold

Alliance World Dollar Government Fund II fund downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-06 Gain 0.58%

The Alliance World Dollar Government Fund II fund price gained 0.58% on the last trading day (Tuesday, 7th Dec 2021), rising from $12.05 to $12.12. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the fund fluctuated 1.16% from a day low at $12.07 to a day high of $12.21. The price has been going up and down for this period, and there has been a -1.86% loss for the last 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 165 thousand shares were bought and sold for approximately $2.00 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 fund is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alliance World Dollar Government Fund II fund with a 90% probability to be traded between $11.82 and $12.55 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 2.19%. Further rise is indicated until a new top pivot has been found. 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 fund should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alliance World Dollar Government Fund II fund holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.13 and $12.34. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Alliance World Dollar Government Fund II finds support from accumulated volume at $12.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.14 between high and low, or 1.16%. For the last week the fund has had a daily average volatility of 1.35%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Alliance World Dollar Government Fund II fund A Buy?

Alliance World Dollar Government Fund II holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.309

Predicted Opening Price for Alliance World Dollar Government Fund II of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$12.13 $12.12 (Undervalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 1.35 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.35 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $12.30
Price: $12.12
Support: $12.05

AWF Insider Trading Show all Trades

INSIDER POWER

4.322

Last 70 transactions
Buy: 188 358 | Sell: 43 580 (Shares)
Date Action Amount Person Type
Apr 05, 2021 Sell 15 400 Bernstein Seth P Common Stock
Apr 05, 2021 Sell 15 000 Bernstein Seth P Common Stock
Mar 18, 2021 Buy 1 400 Loeb Jeanette W Common Stock
Mar 18, 2021 Buy 1 150 Loeb Jeanette W Common Stock
Jan 14, 2021 Buy 2 915 Bermudez Jorge A. Common Stock
Show all Insider Trades
INSIDER POWER

4.322

Last 70 transactions
Buy: 188 358 | Sell: 43 580 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 12.27 1.27 %
12.22 0.82 %
12.19 0.55 %
Current price: 12.12
Support 12.08 -0.33 %
12.05 -0.60 %
11.99 -1.05 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.35 1.90 %
12.33 1.73 %
12.30 1.49 %
Current price 12.12
Support 12.05 -0.58%
11.86 -2.15%
0 .

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About Alliance World Dollar Government Fund II

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index compri... Read more

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