John Hancock Income Securities Trust Stock Forecast
Green day on Monday for John Hancock Income Securities Trust
(Updated on Apr 22, 2024)
The John Hancock Income Securities Trust stock price gained 0.547% on the last trading day (Monday, 22nd Apr 2024), rising from $10.96 to $11.02. It has now gained 5 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 0.355% from a day low at $11.00 to a day high of $11.04. The price has risen in 6 of the last 10 days and is up by 1.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately $183.87 thousand.
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 John Hancock Income Securities Trust stock with a 90% probability to be traded between $10.55 and $11.04 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.
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JHS Signals & Forecast
The John Hancock Income Securities Trust 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 $10.85 and $10.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.80%. Further rise is indicated until a new top pivot has been found. John Hancock Income Securities Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 4.53% to $11.52 within 25 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for John Hancock Income Securities Trust stock
John Hancock Income Securities Trust finds support from accumulated volume at $10.82 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 $0.0390 between high and low, or 0.355%. For the last week the stock has had daily average volatility of 0.598%.
Our recommended stop-loss: $10.46 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (JHS) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect John Hancock Income Securities Trust to open at $11.02, and during the day (based on 14 day Average True Range), to move between $10.92 and $11.12, which gives a possible trading interval of +/-$0.0983 (+/-0.89%) up or down from last closing price. If John Hancock Income Securities Trust takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.03 (0.09%) than the support at $10.82 (1.81%), 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 John Hancock Income Securities Trust stock A Buy?
John Hancock Income Securities Trust 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: -0.502 Hold/Accumulate Unchanged
Predicted Opening Price for John Hancock Income Securities Trust of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $11.02 ( 0.0030%) | $11.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.06 | 0.357 % | |
| R2 | 11.04 | 0.222 % | ||
| R1 | 11.04 | 0.138 % | ||
| Current price: | 11.02 | |||
| Support | S1 | 11.01 | -0.132 % | |
| S2 | 11.00 | -0.216 % | ||
| S3 | 10.98 | -0.351 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.05 | 0.272 % | |
| R2 | 11.04 | 0.181 % | ||
| R1 | 11.03 | 0.0907 % | ||
| Current price | 11.02 | |||
| Support | S1 | 10.82 | -1.81% | |
| S2 | 10.77 | -2.27% | ||
| S3 | 10.75 | -2.45% |
JHS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.110 | 0.98% |
| 2 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.128 | 1.17% |
| 3 | Sep 01, 2023 | Sep 08, 2023 | Sep 29, 2023 | $0.0870 | 0.85% |
| 4 | Jun 01, 2023 | Jun 09, 2023 | Jun 30, 2023 | $0.0990 | 0.92% |
| 5 | Mar 01, 2023 | Mar 10, 2023 | Dec 31, 2018 | $0.0910 | 0.715% |
FAQ
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