RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HPS
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

John Hancock Preferred Income Fund III stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 3.00% PDF

The John Hancock Preferred Income Fund III stock price gained 1.05% on the last trading day (Thursday, 28th Mar 2024), rising from $15.27 to $15.43. During the last trading day the stock fluctuated 1.94% from a day low at $15.24 to a day high of $15.53. The price has risen in 8 of the last 10 days and is up by 3.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 136 thousand shares were bought and sold for approximately $2.10 million.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.93% during the next 3 months and, with a 90% probability hold a price between $16.13 and $16.67 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

HPS Signals & Forecast

The John Hancock Preferred Income Fund III 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 $15.30 and $15.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 3.42%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for John Hancock Preferred Income Fund III stock

John Hancock Preferred Income Fund III finds support from accumulated volume at $15.27 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.295 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: $14.62 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (HPS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect John Hancock Preferred Income Fund III to open at $15.40, and during the day (based on 14 day Average True Range), to move between $15.26 and $15.60, which gives a possible trading interval of +/-$0.167 (+/-1.08%) up or down from last closing price. If John Hancock Preferred Income Fund III takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.27, some $0.160 (1.04%) from the current price of $15.43, our system finds the risk reward attractive.

Is John Hancock Preferred Income Fund III stock A Buy?

John Hancock Preferred Income Fund III holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.120 Strong Buy Candidate Upgraded

Predicted Opening Price for John Hancock Preferred Income Fund III of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$15.40 ( 0.205%) $15.43

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

Trading levels for HPS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.69 1.71 %
R2 15.58 0.98 %
R1 15.51 0.525 %
Current price: 15.43
Support S1 15.29 -0.94 %
S2 15.22 -1.39 %
S3 15.10 -2.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 15.43
Support S1 15.27 -1.04%
S2 14.87 -3.63%
S3 14.56 -5.64%

HPS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 08, 2024 Mar 28, 2024 $0.110 0.712%
2 Feb 01, 2024 Feb 09, 2024 Feb 29, 2024 $0.110 0.724%
3 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.110 0.738%
4 Dec 01, 2023 Dec 08, 2023 Dec 29, 2023 $0.110 0.778%
5 Nov 01, 2023 Nov 10, 2023 Nov 30, 2023 $0.110 0.83%

FAQ

What is the symbol for John Hancock Preferred Income Fund III Stock and on which exchange is it traded?
The symbol for John Hancock Preferred Income Fund III is HPS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell John Hancock Preferred Income Fund III Stock?
John Hancock Preferred Income Fund III holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy John Hancock Preferred Income Fund III Stock?
John Hancock Preferred Income Fund III Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy John Hancock Preferred Income Fund III Stock.

What's the current price of John Hancock Preferred Income Fund III Stock?
As of the end of day on the 2024-03-28, the price of an John Hancock Preferred Income Fund III (HPS) share was $15.43.

What is the 52-week high and low for John Hancock Preferred Income Fund III Stock?
The 52-week high for John Hancock Preferred Income Fund III Stock is $15.53 and the 52-week low is $11.79.

What is the market capitalization of John Hancock Preferred Income Fund III Stock?
As of the 2024-03-28, the market capitalization of John Hancock Preferred Income Fund III is 492.282M.

When is the next earnings date for John Hancock Preferred Income Fund III?
The upcoming earnings date for John Hancock Preferred Income Fund III is Apr 03, 2024.
Click to get the best stock tips daily for free!

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred securities or other fixed-income securities rated investment g... HPS Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT