AllianceBernstein Holding LP Stock Forecast
AllianceBernstein Holding LP stock downgraded to Sell Candidate
(Updated on Apr 23, 2024)
The AllianceBernstein Holding LP stock price fell by -0.446% on the last day (Tuesday, 23rd Apr 2024) from $33.65 to $33.50. During the last trading day the stock fluctuated 1.68% from a day low at $33.23 to a day high of $33.79. The price has been going up and down for this period, and there has been a -2.81% loss for the last 2 weeks. Volume has increased on the last day by 115 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 340 thousand shares were bought and sold for approximately $11.38 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 AllianceBernstein Holding LP stock with a 90% probability to be traded between $32.15 and $35.28 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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AB Signals & Forecast
There are mixed signals in the stock today. The AllianceBernstein Holding LP stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $33.78. On a fall, the stock will find some support from the short-term average at $32.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.24%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for AllianceBernstein Holding LP stock
AllianceBernstein Holding LP finds support from accumulated volume at $33.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.560 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AB) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect AllianceBernstein Holding LP to open at $33.51, and during the day (based on 14 day Average True Range), to move between $32.67 and $34.33, which gives a possible trading interval of +/-$0.83 (+/-2.48%) up or down from last closing price. If AllianceBernstein Holding LP takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.75 (0.75%) than the support at $33.15 (1.04%), 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.
Earnings coming up
AllianceBernstein Holding LP will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.700. We will update the financials statements for AllianceBernstein Holding LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.94% in the first trading day after earnings release.
Is AllianceBernstein Holding LP stock A Buy?
AllianceBernstein Holding LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.527 Sell Candidate Downgraded
Predicted Opening Price for AllianceBernstein Holding LP of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$33.51 ( 0.0198%) | $33.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.07 | 1.69 % | |
R2 | 33.85 | 1.05 % | ||
R1 | 33.72 | 0.658 % | ||
Current price: | 33.50 | |||
Support | S1 | 33.29 | -0.619 % | |
S2 | 33.16 | -1.01 % | ||
S3 | 32.95 | -1.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.95 | 1.34 % | |
R2 | 33.84 | 1.01 % | ||
R1 | 33.75 | 0.746 % | ||
Current price | 33.50 | |||
Support | S1 | 33.15 | -1.04% | |
S2 | 32.58 | -2.75% | ||
S3 | 31.77 | -5.16% |
AB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Feb 16, 2024 | Mar 14, 2024 | $0.770 | 2.31% |
2 | Oct 26, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
3 | Nov 03, 2023 | Nov 03, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
4 | Jul 27, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.610 | 2.03% |
5 | Apr 26, 2023 | May 05, 2023 | Aug 17, 2023 | $0.660 | 2.19% |
FAQ
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