John Hancock Tax Advantaged Dividend Stock Forecast

John Hancock Tax Advantaged Dividend stock upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)

HTD Signals & Forecast

The John Hancock Tax Advantaged Dividend 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 $19.59 and $19.30. 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 7.25%. 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.

Support, Risk & Stop-loss for John Hancock Tax Advantaged Dividend stock

John Hancock Tax Advantaged Dividend finds support from accumulated volume at $19.66 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 $0.230 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 0.95%.

Our recommended stop-loss: $19.02 (-4.09%) (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 (HTD) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect John Hancock Tax Advantaged Dividend Income Fund to open at $19.77, and during the day (based on 14 day Average True Range), to move between $19.57 and $20.09, which gives a possible trading interval of +/-$0.262 (+/-1.32%) 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 2.64% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $19.66, some $0.170 (0.86%) from the current price of $19.83, our system finds the risk reward attractive.

Is John Hancock Tax Advantaged Dividend Income Fund stock A Buy?

John Hancock Tax Advantaged Dividend holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.812 Strong Buy Candidate Upgraded

Predicted Opening Price for John Hancock Tax Advantaged Dividend Income Fund of Friday, May 3, 2024

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