Alliance World Dollar Government Fund II Stock 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
Alliance World Dollar Government Fund II stock price ended at $10.43 on Thursday, after losing 0.287%.
(Updated on May 02, 2024)
The Alliance World Dollar Government Fund II stock price fell by -0.287% on the last day (Thursday, 2nd May 2024) from $10.46 to $10.43. During the last trading day the stock fluctuated 0.440% from a day low at $10.39 to a day high of $10.44. The price has risen in 6 of the last 10 days and is up by 3.99% over the past 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 -128 thousand shares and in total, 108 thousand shares were bought and sold for approximately $1.12 million.
The stock 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 stock with a 90% probability to be traded between $9.86 and $10.51 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AWF Signals & Forecast
The Alliance World Dollar Government Fund II stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock 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 $10.37 and $10.40. 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). 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 Wednesday, May 01, 2024, and so far it has fallen -0.287%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Alliance World Dollar Government Fund II stock
Alliance World Dollar Government Fund II finds support from accumulated volume at $10.42 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0457 between high and low, or 0.440%. For the last week the stock has had daily average volatility of 0.590%
Our recommended stop-loss: $10.03 (-3.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AWF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Alliance World Dollar Government Fund II to open at $10.42, and during the day (based on 14 day Average True Range), to move between $10.33 and $10.53, which gives a possible trading interval of +/-$0.0975 (+/-0.94%) up or down from last closing price. If Alliance World Dollar Government Fund II takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.42 (0.10%) than the resistance at $10.52 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Alliance World Dollar Government Fund II will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for Alliance World Dollar Government Fund II, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.13% in the first trading day after earnings release.
Is Alliance World Dollar Government Fund II stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Alliance World Dollar Government Fund II stock to perform well in the short-term period.
Current score: 1.237 Buy Candidate Unchanged
Predicted Opening Price for Alliance World Dollar Government Fund II of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $10.42 ( 0.0821%) | $10.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.47 | 0.356 % | |
| R2 | 10.45 | 0.189 % | ||
| R1 | 10.44 | 0.0852 % | ||
| Current price: | 10.43 | |||
| Support | S1 | 10.40 | -0.250 % | |
| S2 | 10.39 | -0.353 % | ||
| S3 | 10.38 | -0.520 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.65 | 2.11 % | |
| R2 | 10.61 | 1.73 % | ||
| R1 | 10.52 | 0.86 % | ||
| Current price | 10.43 | |||
| Support | S1 | 10.42 | -0.0959% | |
| S2 | 10.39 | -0.384% | ||
| S3 | 10.28 | -1.44% |
AWF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 17, 2024 | $0.0655 | 0.628% |
| 2 | Mar 26, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.0655 | 0.652% |
| 3 | Mar 07, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.0655 | 0.619% |
| 4 | Jan 23, 2024 | Feb 01, 2024 | Feb 16, 2024 | $0.0655 | 0.630% |
| 5 | Dec 26, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.0655 | 0.640% |
FAQ
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