John Hancock Investors Trust Stock Forecast
John Hancock Investors Trust stock price up 0.152% on Thursday
(Updated on Mar 28, 2024)
The John Hancock Investors Trust stock price gained 0.152% on the last trading day (Thursday, 28th Mar 2024), rising from $13.17 to $13.19. It has now gained 3 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 0.84% from a day low at $13.16 to a day high of $13.27. The price has risen in 7 of the last 10 days and is up by 1.62% 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, 21 thousand more shares were traded than the day before. In total, 35 thousand shares were bought and sold for approximately $456.15 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 $12.96 and $13.47 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
Mostly positive signals in the chart today. The John Hancock Investors Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.12 and $13.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 2.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). John Hancock Investors Trust 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. 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 $13.15 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 $0.110 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: $12.52 (-5.08%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (JHI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect John Hancock Investors Trust to open at $13.21, and during the day (based on 14 day Average True Range), to move between $13.09 and $13.29, which gives a possible trading interval of +/-$0.103 (+/-0.78%) 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 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.15 (0.30%) than the resistance at $13.23 (0.30%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for John Hancock Investors Trust stock to perform well in the short-term period.
Current score: 2.326 Buy Candidate Unchanged
Predicted Opening Price for John Hancock Investors Trust of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$13.21 ( 0.126%) | $13.19 |
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 | 13.32 | 0.96 % | |
R2 | 13.27 | 0.642 % | ||
R1 | 13.25 | 0.445 % | ||
Current price: | 13.19 | |||
Support | S1 | 13.16 | -0.192 % | |
S2 | 13.14 | -0.389 % | ||
S3 | 13.10 | -0.708 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.30 | 0.83 % | |
R2 | 13.28 | 0.682 % | ||
R1 | 13.23 | 0.303 % | ||
Current price | 13.19 | |||
Support | S1 | 13.15 | -0.303% | |
S2 | 13.11 | -0.607% | ||
S3 | 12.87 | -2.43% |
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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