Alliance National Municipal Income Fund Stock Forecast

Alliance National Municipal Income Fund stock price up 0.0956% on Friday
(Updated on Apr 19, 2024)

AFB Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.0956%. Further rise is indicated until a new top pivot has been found. Alliance National Municipal Income Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alliance National Municipal Income Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $10.50 and $10.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Alliance National Municipal Income Fund stock

Alliance National Municipal Income Fund finds support from accumulated volume at $10.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0670 between high and low, or 0.641%. For the last week the stock has had daily average volatility of 0.434%.

Alliance National Municipal Income Fund is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AFB) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Alliance National Municipal Income Fund Inc to open at $10.48, and during the day (based on 14 day Average True Range), to move between $10.39 and $10.55, which gives a possible trading interval of +/-$0.0775 (+/-0.74%) up or down from last closing price. If Alliance National Municipal Income Fund Inc takes out the full calculated possible swing range there will be an estimated 1.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.46 (0.10%) than the resistance at $10.89 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alliance National Municipal Income Fund Inc stock A Buy?

Alliance National Municipal Income Fund holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.567 Sell Candidate Unchanged

Predicted Opening Price for Alliance National Municipal Income Fund Inc of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.