Alliance World Dollar Government Fund II Stock Forecast
Red day on Thursday for Alliance World Dollar Government Fund II stock after losing 0.0973%
(Updated on Apr 25, 2024)
The Alliance World Dollar Government Fund II stock price fell by -0.0973% on the last day (Thursday, 25th Apr 2024) from $10.28 to $10.27. During the last trading day the stock fluctuated 0.782% from a day low at $10.21 to a day high of $10.29. The price has fallen in 6 of the last 10 days and is down by -0.1% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 273 thousand shares were bought and sold for approximately $2.80 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alliance World Dollar Government Fund II stock with a 90% probability to be traded between $9.85 and $10.24 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. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AWF Signals & Forecast
There are mixed signals in the stock today. The Alliance World Dollar Government Fund II stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.40. On a fall, the stock will find some support from the short-term average at $10.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.484%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Alliance World Dollar Government Fund II stock
Alliance World Dollar Government Fund II finds support from accumulated volume at $10.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0798 (0.782%) between high and low. For the last week, the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AWF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Alliance World Dollar Government Fund II to open at $10.26, and during the day (based on 14 day Average True Range), to move between $10.16 and $10.38, which gives a possible trading interval of +/-$0.107 (+/-1.04%) up or down from last closing price. If Alliance World Dollar Government Fund II takes out the full calculated possible swing range there will be an estimated 2.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.21 (0.58%) than the resistance at $10.39 (1.17%), 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 World Dollar Government Fund II stock A Buy?
Alliance World Dollar Government Fund II holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.244 Sell Candidate Unchanged
Predicted Opening Price for Alliance World Dollar Government Fund II of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $10.26 ( 0.130%) | $10.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.34 | 0.647 % | |
| R2 | 10.31 | 0.350 % | ||
| R1 | 10.29 | 0.166 % | ||
| Current price: | 10.27 | |||
| Support | S1 | 10.23 | -0.427 % | |
| S2 | 10.21 | -0.611 % | ||
| S3 | 10.18 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.47 | 1.95 % | |
| R2 | 10.42 | 1.46 % | ||
| R1 | 10.39 | 1.17 % | ||
| Current price | 10.27 | |||
| Support | S1 | 10.21 | -0.584% | |
| S2 | 10.08 | -1.85% | ||
| S3 | 10.02 | -2.43% |
AWF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 17, 2024 | $0.0655 | 0.638% |
| 2 | Mar 26, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.0655 | 0.652% |
| 3 | Mar 07, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.0655 | 0.619% |
| 4 | Jan 23, 2024 | Feb 01, 2024 | Feb 16, 2024 | $0.0655 | 0.630% |
| 5 | Dec 26, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.0655 | 0.640% |
FAQ
Click here for our free guide on how to buy Alliance World Dollar Government Fund II Stock.
