John Hancock Hedged Equity & Income Fund Stock Forecast

John Hancock Hedged Equity & Income Fund stock price ended at $9.94 on Friday, after gaining 0.303%.
(Updated on Apr 26, 2024)

HEQ Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.90%. Further rise is indicated until a new top pivot has been found. John Hancock Hedged Equity & Income Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The John Hancock Hedged Equity & Income 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 $10.10. On a fall, the stock will find some support from the short-term average at $9.85. 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). The stock had a Golden Star Signal on Friday, December 22, 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 Hedged Equity & Income Fund stock

John Hancock Hedged Equity & Income Fund finds support from accumulated volume at $9.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.110 (1.11%) between high and low. For the last week, the stock has had daily average volatility of 1.00%.

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 Monday 29th

For the upcoming trading day on Monday, 29th we expect John Hancock Hedged Equity & Income Fund to open at $9.92, and during the day (based on 14 day Average True Range), to move between $9.82 and $10.06, which gives a possible trading interval of +/-$0.116 (+/-1.17%) 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 2.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.82 (1.21%) than the resistance at $10.22 (2.82%), 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 Hedged Equity & Income Fund stock A Buy?

John Hancock Hedged Equity & Income 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: -2.202 Sell Candidate Unchanged

Predicted Opening Price for John Hancock Hedged Equity & Income Fund of Monday, April 29, 2024

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