Alliance National Municipal Income Fund Inc Stock Analysis
Technical stock analysis for 23 January 2019
|Shorts||1.95% ( 2013-01-15 )|
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.
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.
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.
* 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 70 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.
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.)
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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.