John Hancock Tax Advantaged Dividend Stock Forecast
Weaker technical forecast for John Hancock Tax Advantaged Dividend as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)
The John Hancock Tax Advantaged Dividend stock price fell by -2.22% on the last day (Monday, 15th Apr 2024) from $18.91 to $18.49. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.47% from a day low at $18.38 to a day high of $19.02. The price has fallen in 7 of the last 10 days and is down by -5.9% for this period. Volume has increased on the last day by 59 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 121 thousand shares were bought and sold for approximately $2.24 million.
The stock has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $19.08. A reaction back to this level may hold a second chance to get out before further falls.
HTD Signals & Forecast
There are few to no technical positive signals at the moment. The John Hancock Tax Advantaged Dividend stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.17 and $19.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Thursday, March 07, 2024 and based on theory for this formation the price should fall by -0.560% to $18.39 within 24 trading days since signal was issued (Tuesday, April 16, 2024).
Support, Risk & Stop-loss for John Hancock Tax Advantaged Dividend stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.638 between high and low, or 3.47%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HTD) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect John Hancock Tax Advantaged Dividend Income Fund to open at $18.63, and during the day (based on 14 day Average True Range), to move between $18.21 and $18.77, which gives a possible trading interval of +/-$0.283 (+/-1.53%) up or down from last closing price. If John Hancock Tax Advantaged Dividend Income Fund takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $18.96, some $0.470 (2.54%) from the current price of $18.49, our system finds the risk reward not very attractive.
Is John Hancock Tax Advantaged Dividend Income Fund stock A Buy?
The John Hancock Tax Advantaged Dividend stock holds several negative signals and despite the positive trend, we believe John Hancock Tax Advantaged Dividend will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.400 Sell Candidate Downgraded
Predicted Opening Price for John Hancock Tax Advantaged Dividend Income Fund of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $18.63 ( 0.761%) | $18.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.27 | 4.21 % | |
| R2 | 19.02 | 2.89 % | ||
| R1 | 18.87 | 2.08 % | ||
| Current price: | 18.49 | |||
| Support | S1 | 18.39 | -0.557 % | |
| S2 | 18.24 | -1.37 % | ||
| S3 | 17.99 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.31 | 4.43 % | |
| R2 | 19.15 | 3.57 % | ||
| R1 | 18.96 | 2.54 % | ||
| Current price | 18.49 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | Apr 30, 2024 | $0.138 | 0.747% |
| 2 | Mar 01, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.138 | 0.702% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Feb 29, 2024 | $0.138 | 0.715% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.138 | 0.721% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.138 | 0.727% |
FAQ
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