John Hancock Premium Dividend Fund Stock Forecast
Green day on Friday for John Hancock Premium Dividend Fund
(Updated on Apr 19, 2024)
The John Hancock Premium Dividend Fund stock price gained 0.738% on the last trading day (Friday, 19th Apr 2024), rising from $10.84 to $10.92. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.01% from a day low at $10.85 to a day high of $10.96. The price has risen in 6 of the last 10 days but is still down by -5.37% for this period. Volume fell on the last day by -24 thousand shares and in total, 50 thousand shares were bought and sold for approximately $550.42 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.78 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.27% during the next 3 months and, with a 90% probability hold a price between $11.45 and $12.95 at the end of this 3-month period.
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PDT Signals & Forecast
There are mixed signals in the stock today. The John Hancock Premium Dividend Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.53. On a fall, the stock will find some support from the short-term average at $10.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.77%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for John Hancock Premium Dividend Fund stock
John Hancock Premium Dividend Fund finds support from accumulated volume at $10.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.110 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 2.18%.
John Hancock Premium Dividend Fund is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PDT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect John Hancock Premium Dividend Fund to open at $10.91, and during the day (based on 14 day Average True Range), to move between $10.74 and $11.10, which gives a possible trading interval of +/-$0.182 (+/-1.67%) up or down from last closing price. If John Hancock Premium Dividend Fund takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.88 (0.37%) than the resistance at $11.56 (5.86%), 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 Premium Dividend Fund stock A Buy?
John Hancock Premium Dividend Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.520 Sell Candidate Unchanged
Predicted Opening Price for John Hancock Premium Dividend Fund of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $10.91 ( 0.0916%) | $10.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.02 | 0.92 % | |
| R2 | 10.98 | 0.531 % | ||
| R1 | 10.95 | 0.293 % | ||
| Current price: | 10.92 | |||
| Support | S1 | 10.87 | -0.476 % | |
| S2 | 10.84 | -0.714 % | ||
| S3 | 10.80 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.65 | 6.68 % | |
| R2 | 11.63 | 6.50 % | ||
| R1 | 11.56 | 5.86 % | ||
| Current price | 10.92 | |||
| Support | S1 | 10.88 | -0.366% | |
| S2 | 10.76 | -1.47% | ||
| S3 | 10.73 | -1.74% |
PDT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 10, 2024 | Apr 30, 2024 | $0.0825 | 0.755% |
| 2 | Mar 01, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.0825 | 0.708% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Feb 29, 2024 | $0.0825 | 0.714% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.0825 | 0.760% |
| 5 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.0825 | 0.775% |
FAQ
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