John Hancock Hedged Equity & Income Fund Stock Forecast

Green day on Tuesday for John Hancock Hedged Equity & Income Fund stock after gaining 0.301%
(Updated on Apr 30, 2024)

HEQ Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.52%. Further rise is indicated until a new top pivot has been found. John Hancock Hedged Equity & Income Fund 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. The John Hancock Hedged Equity & Income Fund 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 $10.09. On a fall, the stock will find some support from the short-term average at $9.93. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, December 22, 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.

Support, Risk & Stop-loss for John Hancock Hedged Equity & Income Fund stock

John Hancock Hedged Equity & Income Fund finds support from accumulated volume at $9.94 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 $0.0540 (0.543%) between high and low. For the last week, the stock has had daily average volatility of 0.685%.

Our recommended stop-loss: $9.48 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (HEQ) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect John Hancock Hedged Equity & Income Fund to open at $9.99, and during the day (based on 14 day Average True Range), to move between $9.89 and $10.11, which gives a possible trading interval of +/-$0.108 (+/-1.08%) up or down from last closing price. If John Hancock Hedged Equity & Income Fund takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.94 (0.60%) than the resistance at $10.22 (2.20%), 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 Hedged Equity & Income Fund stock A Buy?

John Hancock Hedged Equity & Income Fund 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: -0.748 Hold/Accumulate Unchanged

Predicted Opening Price for John Hancock Hedged Equity & Income Fund of Wednesday, May 1, 2024

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