John Hancock Investors Trust Stock Forecast
Red day on Thursday for John Hancock Investors Trust
(Updated on Apr 18, 2024)
The John Hancock Investors Trust stock price fell by -0.0769% on the last day (Thursday, 18th Apr 2024) from $13.00 to $12.99. During the last trading day the stock fluctuated 1.39% from a day low at $12.94 to a day high of $13.12. The price has fallen in 5 of the last 10 days and is down by -1.07% for this period. Volume has increased on the last day by 12 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, 34 thousand shares were bought and sold for approximately $446.77 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect John Hancock Investors Trust stock with a 90% probability to be traded between $12.75 and $13.22 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.
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JHI Signals & Forecast
There are few to no technical positive signals at the moment. The John Hancock Investors Trust 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 $13.04 and $13.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.67%. 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). John Hancock Investors Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Tuesday, July 11, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, July 11, 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 Investors Trust stock
John Hancock Investors Trust finds support from accumulated volume at $12.98 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 $0.180 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JHI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect John Hancock Investors Trust to open at $13.02, and during the day (based on 14 day Average True Range), to move between $12.88 and $13.10, which gives a possible trading interval of +/-$0.111 (+/-0.85%) up or down from last closing price. If John Hancock Investors Trust takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.98 (0.08%) than the resistance at $13.11 (0.92%), 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 Investors Trust stock A Buy?
John Hancock Investors Trust holds several negative signals and is within a narrow and 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: -3.070 Sell Candidate Unchanged
Predicted Opening Price for John Hancock Investors Trust of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$13.02 ( 0.205%) | $12.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.20 | 1.59 % | |
R2 | 13.13 | 1.06 % | ||
R1 | 13.09 | 0.735 % | ||
Current price: | 12.99 | |||
Support | S1 | 12.95 | -0.324 % | |
S2 | 12.91 | -0.651 % | ||
S3 | 12.84 | -1.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.15 | 1.23 % | |
R2 | 13.13 | 1.08 % | ||
R1 | 13.11 | 0.92 % | ||
Current price | 12.99 | |||
Support | S1 | 12.98 | -0.0770% | |
S2 | 12.87 | -0.92% | ||
S3 | 12.84 | -1.15% |
JHI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.201 | 1.53% |
2 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.265 | 2.05% |
3 | Sep 01, 2023 | Sep 08, 2023 | Sep 29, 2023 | $0.208 | 1.71% |
4 | Jun 01, 2023 | Jun 09, 2023 | Jun 30, 2023 | $0.215 | 1.70% |
5 | Mar 01, 2023 | Mar 10, 2023 | Dec 31, 2018 | $0.193 | 1.37% |
FAQ
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