Alexander & Baldwin Holdings Inc Stock Forecast
Alexander & Baldwin Holdings Inc stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Alexander & Baldwin Holdings Inc stock price gained 1.05% on the last trading day (Tuesday, 23rd Apr 2024), rising from $16.13 to $16.30. It has now gained 4 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. During the last trading day the stock fluctuated 1.42% from a day low at $16.16 to a day high of $16.39. The price has been going up and down for this period, and there has been a -0.97% loss for the last 2 weeks. Volume fell on the last day by -76 thousand shares and in total, 196 thousand shares were bought and sold for approximately $3.19 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.
Given the current short-term trend, the stock is expected to fall -10.39% during the next 3 months and, with a 90% probability hold a price between $13.91 and $14.61 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ALEX Signals & Forecast
Mostly positive signals in the chart today. The Alexander & Baldwin Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $15.94 and $16.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.22%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Alexander & Baldwin Holdings Inc stock
Alexander & Baldwin Holdings Inc finds support from accumulated volume at $16.26 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 $0.230 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: $15.64 (-4.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ALEX) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Alexander & Baldwin Holdings Inc to open at $16.28, and during the day (based on 14 day Average True Range), to move between $16.00 and $16.60, which gives a possible trading interval of +/-$0.298 (+/-1.83%) up or down from last closing price. If Alexander & Baldwin Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.26 (0.25%) than the resistance at $16.46 (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Alexander & Baldwin Holdings Inc will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.250. We will update the financials statements for Alexander & Baldwin Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.74% in the first trading day after earnings release.
Is Alexander & Baldwin Holdings Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.222 Buy Candidate Upgraded
Predicted Opening Price for Alexander & Baldwin Holdings Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $16.28 ( 0.102%) | $16.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALEX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.51 | 1.31 % | |
| R2 | 16.43 | 0.770 % | ||
| R1 | 16.37 | 0.437 % | ||
| Current price: | 16.30 | |||
| Support | S1 | 16.20 | -0.641 % | |
| S2 | 16.14 | -0.97 % | ||
| S3 | 16.05 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.57 | 1.66 % | |
| R2 | 16.47 | 1.04 % | ||
| R1 | 16.46 | 0.98 % | ||
| Current price | 16.30 | |||
| Support | S1 | 16.26 | -0.245% | |
| S2 | 15.94 | -2.21% | ||
| S3 | 15.92 | -2.33% |
ALEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.223 | 1.40% |
| 2 | Dec 11, 2023 | Dec 21, 2023 | Jan 08, 2024 | $0.223 | 1.20% |
| 3 | Jul 25, 2023 | Sep 15, 2023 | Oct 04, 2023 | $0.220 | 1.35% |
| 4 | Apr 25, 2023 | Jun 15, 2023 | Jul 05, 2023 | $0.220 | 1.19% |
| 5 | Feb 28, 2023 | Mar 16, 2023 | Apr 04, 2023 | $0.220 | 1.17% |
FAQ
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