John Hancock Multifactor Large Cap ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
John Hancock Multifactor Large Cap ETF downgraded to Hold/Accumulate
(Updated on Jun 14, 2024)
The John Hancock Multifactor Large Cap ETF price fell by -0.284% on the last day (Friday, 14th Jun 2024) from $65.07 to $64.89. During the last trading day the ETF fluctuated 0.479% from a day low at $64.58 to a day high of $64.89. The price has been going up and down for this period, and there has been a 1.15% gain for the last 2 weeks. Volume has increased on the last day by 82 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, 107 thousand shares were bought and sold for approximately $6.93 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $65.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect John Hancock Multifactor Large Cap ETF with a 90% probability to be traded between $63.17 and $66.39 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JHML Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.284%. 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 ETF should be followed more closely. The John Hancock Multifactor Large Cap ETF 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 $64.73 and $63.99. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for John Hancock Multifactor Large Cap ETF
John Hancock Multifactor Large Cap finds support from accumulated volume at $64.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.309 between high and low, or 0.479%. For the last week the ETF has had daily average volatility of 0.613%.
Our recommended stop-loss: $62.99 (-2.93%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (JHML) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect John Hancock Multifactor Large Cap ETF to open at $64.79, and during the day (based on 14 day Average True Range), to move between $64.38 and $65.40, which gives a possible trading interval of +/-$0.512 (+/-0.79%) up or down from last closing price. If John Hancock Multifactor Large Cap ETF takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.92 (0.05%) than the support at $64.07 (1.26%), 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 Multifactor Large Cap ETF ETF A Buy?
John Hancock Multifactor Large Cap 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.346 Hold/Accumulate Downgraded
Predicted Opening Price for John Hancock Multifactor Large Cap ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $64.79 ( 0.159%) | $64.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHML
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.10 | 0.318% |
| R2 | 64.98 | 0.136% |
| R1 | 64.91 | 0.0232% |
| Price | 64.89 | |
| S1 | 64.67 | -0.341% |
| S2 | 64.60 | -0.453% |
| S3 | 64.48 | -0.635% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.07 | 0.285% |
| R2 | 65.06 | 0.262% |
| R1 | 64.92 | 0.0462% |
| Price | 64.89 | |
| S1 | 64.07 | -1.26% |
| S2 | 63.63 | -1.94% |
| S3 | 63.38 | -2.33% |
JHML Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 26, 2023 | Dec 26, 2023 | Dec 26, 2023 | $0.468 | 0.795% |
| 2 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.352 | 0.641% |
| 3 | Dec 23, 2022 | Dec 27, 2022 | Dec 30, 2022 | $0.436 | 0.89% |
| 4 | Jun 24, 2022 | Jun 27, 2022 | Jun 30, 2022 | $0.282 | 0.591% |
| 5 | Dec 23, 2021 | Dec 27, 2021 | Dec 30, 2021 | $0.348 | 0.584% |
FAQ
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