John Hancock Pfd Income Fund II Stock Forecast
Green day on Friday for John Hancock Pfd Income Fund II
(Updated on May 03, 2024)
The John Hancock Pfd Income Fund II stock price gained 1.34% on the last trading day (Friday, 3rd May 2024), rising from $16.37 to $16.59. During the last trading day the stock fluctuated 1.79% from a day low at $16.37 to a day high of $16.66. The price has risen in 7 of the last 10 days and is up by 1.84% 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, 20 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately $902.86 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect John Hancock Pfd Income Fund II stock with a 90% probability to be traded between $15.75 and $17.10 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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HPF Signals & Forecast
The John Hancock Pfd Income Fund II stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.45 and $16.36. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). John Hancock Pfd Income Fund II 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.72%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, February 16, 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 Friday, February 16, 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 Pfd Income Fund II stock
John Hancock Pfd Income Fund II finds support from accumulated volume at $16.46 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 $0.293 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: $15.92 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (HPF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect John Hancock Pfd Income Fund II to open at $16.54, and during the day (based on 14 day Average True Range), to move between $16.31 and $16.87, which gives a possible trading interval of +/-$0.281 (+/-1.69%) up or down from last closing price. If John Hancock Pfd Income Fund II takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.66 (0.42%) than the support at $16.46 (0.78%), 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 Pfd Income Fund II stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for John Hancock Pfd Income Fund II stock to perform well in the short-term period.
Current score: 2.886 Buy Candidate Unchanged
Predicted Opening Price for John Hancock Pfd Income Fund II of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$16.54 ( 0.307%) | $16.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HPF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.83 | 1.46 % | |
R2 | 16.72 | 0.784 % | ||
R1 | 16.65 | 0.367 % | ||
Current price: | 16.59 | |||
Support | S1 | 16.43 | -0.98 % | |
S2 | 16.36 | -1.40 % | ||
S3 | 16.25 | -2.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.88 | 1.75 % | |
R2 | 16.71 | 0.723 % | ||
R1 | 16.66 | 0.422 % | ||
Current price | 16.59 | |||
Support | S1 | 16.46 | -0.784% | |
S2 | 16.31 | -1.69% | ||
S3 | 16.01 | -3.50% |
HPF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 10, 2024 | Apr 30, 2024 | $0.124 | 0.747% |
2 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.124 | 0.747% |
3 | Feb 01, 2024 | Feb 09, 2024 | Feb 29, 2024 | $0.124 | 0.742% |
4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.124 | 0.760% |
5 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.124 | 0.783% |
FAQ
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