Weaker Buy Today AFB ranks #201 as BUY CANDIDATE. Stronger Buy
Today AFB ranks #201 as BUY CANDIDATE.

AFB stock Alliance National Municipal Income Fund Inc

AFB stock
Alliance National Municipal Income Fund Inc

23 January 2019
Change 0.48%
Chart period: 2018-10-24 - 2019-01-23
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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Alliance National Municipal Income Fund Inc Stock Analysis

Technical stock analysis for 23 January 2019

Buy candidate since 2019-01-17 Gain 0.72%
Shorts 1.95% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta 0.08
ROA -2.18

Alliance National Municipal Income Fund Inc gained 0.48% in the last trading day, rising from $12.49 to $12.55 , and has now gained 5 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. The price has risen in 6 of the last 10 days and is up by 0.8% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 103 123 more shares were traded than the day before. In total, 166 304 shares bought and sold for approximately $2.09 million.

Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the AFB stock was $12.55. This is 0.48% more than the trading day before Tuesday, 22nd Jan 2019.

During day the stock fluctuated 0.72% from a day low at $12.46 to a day high of $12.55.

30 day high of the AFB stock price was $12.56 and low was $11.89.
90 day high was $12.56 and low was $11.78.
52 week high for the Alliance National Municipal Income Fund Inc - $13.29 and low - $11.78.

Trend

Alliance National Municipal Income Fund Inc has broken the narrow and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $12.51, a level that may pose a second chance to hit a runner. According to fan-theory $12.89 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. Alliance National Municipal Income Fund Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $12.48 and $12.21. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 18, 2018, 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 Friday December 28, 2018 for the short-term and also have Golden Star Signal for the medium-term dated Thursday August 23, 2018.

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

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Alliance National Municipal Income Fund Inc finds support from accumulated volume at $12.48.

Support: $12.48 Price: $12.55

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 $0.09 (0.72%) between high and low. For the last week, the stock has had a daily average volatility of 0.63%.

Our recommended stoploss: $11.86 (-5.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 23 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rising rate. We can 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 period. Due to a possible false trend-break a pure Buy Recommendation is held back.

Weaker Buy Today AFB ranks #201 as BUY CANDIDATE. Stronger Buy
Today AFB ranks #201 as BUY CANDIDATE.