ALEX Hits 52-Week Lows as Oversold Signals Emerge
$Alexander & Baldwin(ALEX)$
Drops -0.53%: Real Estate Giant Tests 52-Week Lows, Oversold Signals Emerging at $15.14
Latest Close Data
ALEX closed at $15.14 on December 9th (EST), down -0.53% (-$0.08).
The stock hit a new 52-week low of $15.07, marking a -23.4% decline from its 52-week high of $19.76, signaling significant downward pressure.
Core Market Drivers
Real estate sector faces headwinds from elevated interest rates and economic uncertainty.
ALEX's Hawaii-focused commercial real estate portfolio remains under pressure from tourism fluctuations.
Strong institutional ownership (BlackRock 18.88%, Vanguard 16.18%) provides some stability amid current volatility.
Technical Analysis
Volume surged 56% above average (728K shares), indicating heightened selling pressure.
RSI(6) at 18.7 shows extreme oversold conditions, while RSI(12) at 28.7 suggests potential reversal zone.
MACD at 0.094 shows bearish momentum weakening, with DIF approaching DEA convergence.
Key Price Levels
Primary Support: $15.07 (current 52-week low)
Strong Resistance: $18.18 (December 5th high)
Immediate Pivot: $15.50 (psychological level)
Valuation Perspective
Current P/E TTM of 15.01x trades below historical average, while Forward P/E of 15.85x represents significant discount to sector averages.
P/S ratio of 4.87x reflects moderate valuation with 5.94% dividend yield providing income appeal.
Analyst Targets
4 analysts maintain coverage with average target of $20.63 (+36.3% upside).
Rating distribution: 1 Strong Buy, 2 Buy, 1 Hold. Target range spans $18.50-$22.00, suggesting institutional confidence in recovery.
Weekly Outlook
Expect continued consolidation between $15.00-$16.50 range. Break below $15.07 could trigger further selling toward $14.50.
Conversely, sustained move above $16.00 may signal oversold bounce toward $17.25 resistance.
Risk Disclaimer
This analysis is for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Please consult with a financial advisor before making investment decisions.
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