John Hancock Income Securities Trust Stock Forecast

John Hancock Income Securities Trust stock price up 0.633% on Friday
(Updated on May 03, 2024)

JHS Signals & Forecast

The John Hancock Income Securities Trust 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 $11.04 and $10.97. 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 3.82%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, August 08, 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.

Buy

Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, August 08, 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 3.50% to $11.52 within 25 trading days since signal was issued (Monday, May 06, 2024).

Support, Risk & Stop-loss for John Hancock Income Securities Trust stock

John Hancock Income Securities Trust finds support from accumulated volume at $10.82 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 $0.0300 between high and low, or 0.270%. For the last week the stock has had daily average volatility of 0.331%

The John Hancock Income Securities Trust stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $10.64 (-4.38%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (JHS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect John Hancock Income Securities Trust to open at $11.13, and during the day (based on 14 day Average True Range), to move between $11.04 and $11.22, which gives a possible trading interval of +/-$0.0871 (+/-0.78%) up or down from last closing price. If John Hancock Income Securities Trust takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.18 (0.45%) than the support at $10.82 (2.79%), 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 Income Securities Trust 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 Income Securities Trust stock to perform well in the short-term period.

Current score: 2.678 Buy Candidate Unchanged

Predicted Opening Price for John Hancock Income Securities Trust of Monday, May 6, 2024

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