John Hancock Hedged Equity & Income Fund Stock Forecast
John Hancock Hedged Equity & Income Fund stock price ended at $9.73 on Wednesday, after losing 0.714%.
(Updated on Apr 17, 2024)
The John Hancock Hedged Equity & Income Fund stock price fell by -0.714% on the last day (Wednesday, 17th Apr 2024) from $9.80 to $9.73. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.82% from a day low at $9.57 to a day high of $9.84. The price has fallen in 8 of the last 10 days and is down by -5.9% for this period. Volume has increased on the last day by 157 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, 190 thousand shares were bought and sold for approximately $1.85 million.
Given the current horizontal trend, you can expect John Hancock Hedged Equity & Income Fund stock with a 90% probability to be traded between $9.74 and $10.50 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HEQ Signals & Forecast
There are few to no technical positive signals at the moment. The John Hancock Hedged Equity & Income Fund 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 $9.97 and $10.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.24%. 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 stock should be followed more closely.
Support, Risk & Stop-loss for John Hancock Hedged Equity & Income Fund stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.270 between high and low, or 2.82%. For the last week the stock has had daily average volatility of 1.45%.
John Hancock Hedged Equity & Income Fund is oversold on RSI14 (20). 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 (HEQ) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect John Hancock Hedged Equity & Income Fund to open at $9.71, and during the day (based on 14 day Average True Range), to move between $9.61 and $9.85, which gives a possible trading interval of +/-$0.121 (+/-1.25%) up or down from last closing price. If John Hancock Hedged Equity & Income Fund takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.22, some $0.490 (5.04%) from the current price of $9.73, our system finds the risk reward not very attractive.
Is John Hancock Hedged Equity & Income Fund stock A Buy?
John Hancock Hedged Equity & Income Fund holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.693 Sell Candidate Unchanged
Predicted Opening Price for John Hancock Hedged Equity & Income Fund of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$9.71 ( 0.171%) | $9.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEQ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.98 | 2.60 % | |
R2 | 9.88 | 1.54 % | ||
R1 | 9.82 | 0.89 % | ||
Current price: | 9.73 | |||
Support | S1 | 9.61 | -1.23 % | |
S2 | 9.55 | -1.89 % | ||
S3 | 9.44 | -2.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.38 | 6.68 % | |
R2 | 10.30 | 5.86 % | ||
R1 | 10.22 | 5.04 % | ||
Current price | 9.73 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
HEQ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.250 | 2.38% |
2 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.250 | 2.49% |
3 | Jun 30, 2023 | Sep 08, 2023 | Sep 29, 2023 | $0.250 | 2.61% |
4 | Jun 01, 2023 | Jun 09, 2023 | Jun 30, 2023 | $0.290 | 2.69% |
5 | Mar 01, 2023 | Mar 10, 2023 | Mar 31, 2023 | $0.290 | 2.49% |
FAQ
Click here for our free guide on how to buy John Hancock Hedged Equity & Income Fund Stock.