Help us make better tools for you!. Read more (Published: 2017-01-12)

AB - AllianceBernstein Holding LP Tue 24'th Jan 2017

Industry: Asset Management Sector: Financial
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Buy Candidate

Score: 3.22

#2135 of 5186
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 82.14%
Risk: Low
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Stock analysis for Tue 24'th Jan 2017 (Updated daily)

Buy candidate since 2017-01-19

Gain 1.30%

AllianceBernstein Holding LP Stock Analysis


AllianceBernstein Holding LP gained 1.30% in the last trading day, rising from USD 23.10 to USD 23.40. The price has risen in 5 of the last 10 days days, but is still down by -1.89% for this period. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 23 410 more shares were traded than the day before. In total, 204 394 shares bought and sold for approximately USD 4.78 million.

Trend

AllianceBernstein Holding LP lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.8% during the next 3 months and, with 90% probability hold a price between USD 24.68 and USD 27.46 at the end of this period.

Signals

Only positive signals in the chart today. AllianceBernstein Holding LP holds buy signals from both short- and long-term moving averages, 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 USD 23.23 and USD 23.26. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 18, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Tuesday December 20, 2016 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 41 and the stock is currently not being overbought or oversold

Support & Resistance

AllianceBernstein Holding LP finds support from accumulated volume at USD 23.30, USD 23.00, and USD 22.85. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 23.70, USD 23.85 and USD 24.35.

The stock is about to test the resistance from accumulated volume at USD 23.70 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 0.45 (1.94%) between high and low. For the last week, the stock has had a daily average volatility of 2.01%.

Our recommended stoploss: USD 22.18 (-5.21%) ( criteria: risk and closeness to support from trendline.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate


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