John Hancock Financial Opportunities Stock Forecast
Green day on Friday for John Hancock Financial Opportunities stock after gaining 1.14%
(Updated on May 03, 2024)
The John Hancock Financial Opportunities stock price gained 1.14% on the last trading day (Friday, 3rd May 2024), rising from $27.98 to $28.30. It has now gained 3 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 1.15% from a day low at $28.15 to a day high of $28.47. The price has been going up and down for this period, and there has been a 4.2% gain for the last 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 38 thousand shares were bought and sold for approximately $1.07 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.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.45% during the next 3 months and, with a 90% probability hold a price between $24.92 and $27.74 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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BTO Signals & Forecast
The John Hancock Financial Opportunities 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 $27.72 and $27.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.36%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Wednesday, May 01, 2024 in the short-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
The stock had a Golden Star Signal on Wednesday, May 01, 2024 in the short-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.
Support, Risk & Stop-loss for John Hancock Financial Opportunities stock
John Hancock Financial Opportunities finds support from accumulated volume at $28.22 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.325 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: $27.16 (-4.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (BTO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect John Hancock Financial Opportunities Fund to open at $28.31, and during the day (based on 14 day Average True Range), to move between $27.74 and $28.86, which gives a possible trading interval of +/-$0.561 (+/-1.98%) up or down from last closing price. If John Hancock Financial Opportunities Fund takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.22 (0.28%) than the resistance at $28.39 (0.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is John Hancock Financial Opportunities Fund 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.
Current score: 3.533 Buy Candidate Unchanged
Predicted Opening Price for John Hancock Financial Opportunities Fund of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$28.31 ( 0.0289%) | $28.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.63 | 1.18 % | |
R2 | 28.51 | 0.737 % | ||
R1 | 28.43 | 0.467 % | ||
Current price: | 28.30 | |||
Support | S1 | 28.18 | -0.409 % | |
S2 | 28.11 | -0.680 % | ||
S3 | 27.98 | -1.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.09 | 2.79 % | |
R2 | 28.56 | 0.92 % | ||
R1 | 28.39 | 0.318 % | ||
Current price | 28.30 | |||
Support | S1 | 28.22 | -0.283% | |
S2 | 28.14 | -0.565% | ||
S3 | 26.36 | -6.86% |
BTO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.650 | 2.20% |
2 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.650 | 2.16% |
3 | Sep 01, 2023 | Sep 08, 2023 | Sep 29, 2023 | $0.650 | 2.48% |
4 | Jun 01, 2023 | Jun 09, 2023 | Jun 30, 2023 | $0.650 | 2.42% |
5 | Mar 01, 2023 | Mar 10, 2023 | Mar 31, 2023 | $0.650 | 2.13% |
FAQ
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