Allianzgi Artificial Intelligence & Stock Forecast
Green day on Friday for Allianzgi Artificial Intelligence &
(Updated on May 24, 2024)
The Allianzgi Artificial Intelligence & stock price gained 0.706% on the last trading day (Friday, 24th May 2024), rising from $19.82 to $19.96. During the last trading day the stock fluctuated 1.06% from a day low at $19.82 to a day high of $20.03. The price has risen in 7 of the last 10 days and is up by 0.3% over the past 2 weeks. Volume fell on the last day by -50 thousand shares and in total, 78 thousand shares were bought and sold for approximately $1.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Allianzgi Artificial Intelligence & stock with a 90% probability to be traded between $19.02 and $20.54 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AIO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.598%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Allianzgi Artificial Intelligence & stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $19.89 and $19.65. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A sell signal from a double top formation was found on Monday, April 08, 2024 and based on theory for this formation the price should fall by -5.24% to $18.92 within 24 trading days since signal was issued (Tuesday, May 28, 2024).
Support, Risk & Stop-loss for Allianzgi Artificial Intelligence & stock
Allianzgi Artificial Intelligence & finds support from accumulated volume at $19.64 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 $0.210 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: $19.23 (-3.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (AIO) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Allianzgi Artificial Intelligence & Technology Opportunities Fund to open at $19.94, and during the day (based on 14 day Average True Range), to move between $19.72 and $20.20, which gives a possible trading interval of +/-$0.239 (+/-1.20%) up or down from last closing price. If Allianzgi Artificial Intelligence & Technology Opportunities Fund takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.98 (0.10%) than the support at $19.64 (1.60%), 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.
Is Allianzgi Artificial Intelligence & Technology Opportunities Fund stock A Buy?
Allianzgi Artificial Intelligence & holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.908 Hold/Accumulate Unchanged
Predicted Opening Price for Allianzgi Artificial Intelligence & Technology Opportunities Fund of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $19.94 ( 0.117%) | $19.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.15 | 0.94 % | |
| R2 | 20.07 | 0.533 % | ||
| R1 | 20.02 | 0.285 % | ||
| Current price: | 19.96 | |||
| Support | S1 | 19.86 | -0.519 % | |
| S2 | 19.81 | -0.767 % | ||
| S3 | 19.73 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.08 | 0.601 % | |
| R2 | 20.00 | 0.200 % | ||
| R1 | 19.98 | 0.100 % | ||
| Current price | 19.96 | |||
| Support | S1 | 19.64 | -1.60% | |
| S2 | 19.59 | -1.85% | ||
| S3 | 19.16 | -4.01% |
AIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 27, 2024 | $0.150 | 0.752% |
| 2 | May 10, 2024 | May 10, 2024 | May 30, 2024 | $0.150 | 0.752% |
| 3 | Mar 01, 2024 | Apr 10, 2024 | Apr 29, 2024 | $0.150 | 0.766% |
| 4 | Mar 01, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.150 | 0.747% |
| 5 | Nov 21, 2023 | Feb 09, 2024 | Feb 28, 2024 | $0.150 | 0.776% |
FAQ
Click here for our free guide on how to buy Allianzgi Artificial Intelligence & Technology Opportunities Fund Stock.
