John Hancock Tax-Advantaged Global Stock Forecast
John Hancock Tax-Advantaged Global stock price ended at $4.99 on Thursday, after losing 0%.
(Updated on Apr 18, 2024)
No changes to the price of John Hancock Tax-Advantaged Global stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $4.99 to a day high of $4.99. The price has fallen in 6 of the last 10 days and is down by -3.11% for this period.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $4.97 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect John Hancock Tax-Advantaged Global stock with a 90% probability to be traded between $5.03 and $5.34 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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HTY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.402%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The John Hancock Tax-Advantaged Global 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 $5.04 and $5.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, December 13, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 13, 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 Tax-Advantaged Global stock
John Hancock Tax-Advantaged Global finds support from accumulated volume at $4.97 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 therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.24%
Our recommended stop-loss: $4.67 (-6.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (HTY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect John Hancock Tax-Advantaged Global Shareholder Yield Fund to open at $4.99, and during the day (based on 14 day Average True Range), to move between $4.91 and $5.07, which gives a possible trading interval of +/-$0.0803 (+/-1.61%) up or down from last closing price. If John Hancock Tax-Advantaged Global Shareholder Yield Fund takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.97 (0.40%) than the resistance at $5.07 (1.60%), 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 Tax-Advantaged Global Shareholder Yield Fund stock A Buy?
John Hancock Tax-Advantaged Global holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.717 Hold/Accumulate Unchanged
Predicted Opening Price for John Hancock Tax-Advantaged Global Shareholder Yield Fund of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$4.99 ( 0%) | $4.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.99 | . | |
R2 | 4.99 | . | ||
R1 | 4.99 | . | ||
Current price: | 4.99 | |||
Support | S1 | 4.99 | . | |
S2 | 4.99 | . | ||
S3 | 4.99 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.09 | 2.00 % | |
R2 | 5.08 | 1.80 % | ||
R1 | 5.07 | 1.60 % | ||
Current price | 4.99 | |||
Support | S1 | 4.97 | -0.401% | |
S2 | 0 | . | ||
S3 | 0 | . |
HTY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.160 | 3.05% |
2 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.160 | 3.13% |
3 | Sep 01, 2023 | Sep 08, 2023 | Sep 29, 2023 | $0.160 | 3.64% |
4 | Jun 01, 2023 | Jun 09, 2023 | Jun 30, 2023 | $0.160 | 3.41% |
5 | Mar 01, 2023 | Mar 10, 2023 | Dec 31, 2018 | $0.160 | 2.41% |
FAQ
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