Alliance One International Inc Fund Forecast

Red day on Tuesday for Alliance One International Inc fund after losing 0%
(Updated on Oct 02, 2018)

AOI Signals & Forecast

The Alliance One International Inc fund 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 $23.95 and $20.56. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, October 01, 2018, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Alliance One International Inc fund

On the downside, the fund finds support just below today's level from accumulated volume at $19.00 and $18.80. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Alliance One International Inc finds support just below today's level at $19.00. If this is broken, then the next support from accumulated volume will be at $18.80 and $18.45.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $22.99 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AOI) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Alliance One International Inc to open at $23.95, and during the day (based on 14 day Average True Range), to move between $23.38 and $24.52, which gives a possible trading interval of +/-$0.570 (+/-2.38%) up or down from last closing price. If Alliance One International Inc takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $19.00, some $4.95 (20.67%) from the current price of $23.95, our system finds the risk reward attractive.

Is Alliance One International Inc fund A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alliance One International Inc fund to perform well in the short-term.

Current score: 1.200 Buy Candidate Unchanged

Predicted Opening Price for Alliance One International Inc of Wednesday, October 3, 2018

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