Alliance National Municipal Income Fund Inc Forecast and Stock Analysis
Technical AFB stock analysis for March 18, 2019.
|Shorts||1.95% ( 2013-01-15 )|
Alliance National Municipal Income Fund Inc gained 0.24% in the last trading day, rising from $12.66 to $12.69 The price has fallen in 6 of the last 10 days and is down by -0.55% for this period. Volume fell in the last day by -38 631 shares, and in total, 34 313 shares bought and sold for approximately $435 432.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the AFB stock was $12.69. This is 0.24% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 0.24% from a day low at $12.66 to a day high of $12.69.
30 day high of the AFB stock price was $12.87 and low was $12.65.
90 day high was $12.87 and low was $11.88.
52 week high for the Alliance National Municipal Income Fund Inc - $12.87 and low - $11.78.
Alliance National Municipal Income Fund Inc lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $12.63 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.13% during the next 3 months and, with 90% probability hold a price between $13.40 and $13.87 at the end of this period.
There are few to none technical positive signals at the moment. Alliance National Municipal Income Fund Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $12.71 and $12.72. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday February 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
* 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.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
Alliance National Municipal Income Fund Inc finds support from accumulated volume at $12.48.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Alliance National Municipal Income Fund Inc stock holds several negative signals and despite the positive trend we believe Alliance National Municipal Income Fund Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.