AB - AllianceBernstein Holding LP

Industry: Asset Management Sector: Financial

Hold/Accumulate
Fri 21'st Apr 2017

VOLUME
Sell
TREND
Sell
MV LONG
Buy
MV SHORT
Sell
PIVOT
Buy
MACD
Sell
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AllianceBernstein Holding LP Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Hold candidate since 2017-04-21

AllianceBernstein Holding LP fell by -0.65% in the last day, from USD 23.05 to USD 22.90 The price has been going up and down for this period, and there has been a 0.22% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day, the trading volume fell by -22 862 shares and in total, 180 791 shares bought and sold for approximately USD 4.14 million.

Trend

AllianceBernstein Holding LP lies in the middle of a wide and weak falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.2% during the next 3 months and, with 90% probability hold a price between USD 20.12 and USD 22.59 at the end of this period.

Signals

AllianceBernstein Holding LP holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 22.99. On a fall, the stock will find some support from the long-term average at approximately USD 22.56. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday April 11, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Support & Resistance

AllianceBernstein Holding LP finds support from accumulated volume at USD 22.55, USD 22.35, and USD 21.95. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 23.65, USD 22.95 and USD 24.70.

The stock is about to test the resistance from accumulated volume at USD 23.65 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.34 (1.49%) between high and low. For the last week, the stock has had a daily average volatility of 1.61%.

Our recommended stoploss: USD 21.62 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

Evaluation

AllianceBernstein Holding LP holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate

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