John Hancock Income Securities Trust Stock Forecast
John Hancock Income Securities Trust stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The John Hancock Income Securities Trust stock price fell by -0.363% on the last day (Wednesday, 24th Apr 2024) from $11.03 to $10.99. During the last trading day the stock fluctuated 1.46% from a day low at $10.98 to a day high of $11.14. The price has risen in 6 of the last 10 days and is up by 1.2% over the past 2 weeks. Volume has increased on the last day by 11 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, 19 thousand shares were bought and sold for approximately $211.53 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 Income Securities Trust stock with a 90% probability to be traded between $10.58 and $11.07 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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JHS Signals & Forecast
The John Hancock Income Securities 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 $10.92 and $10.93. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.363%. 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 Income Securities 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, August 08, 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, August 08, 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.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 4.82% to $11.52 within 25 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for John Hancock Income Securities Trust stock
John Hancock Income Securities Trust finds support from accumulated volume at $10.82 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 $0.160 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 0.572%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JHS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect John Hancock Income Securities Trust to open at $11.04, and during the day (based on 14 day Average True Range), to move between $10.89 and $11.09, which gives a possible trading interval of +/-$0.0981 (+/-0.89%) up or down from last closing price. If John Hancock Income Securities Trust takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.03 (0.36%) than the support at $10.82 (1.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is John Hancock Income Securities Trust stock A Buy?
John Hancock Income Securities 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.041 Sell Candidate Downgraded
Predicted Opening Price for John Hancock Income Securities Trust of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $11.04 ( 0.425%) | $10.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.20 | 1.88 % | |
| R2 | 11.14 | 1.32 % | ||
| R1 | 11.10 | 0.98 % | ||
| Current price: | 10.99 | |||
| Support | S1 | 10.98 | -0.132 % | |
| S2 | 10.94 | -0.475 % | ||
| S3 | 10.88 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.05 | 0.546 % | |
| R2 | 11.04 | 0.455 % | ||
| R1 | 11.03 | 0.364 % | ||
| Current price | 10.99 | |||
| Support | S1 | 10.82 | -1.55% | |
| S2 | 10.77 | -2.00% | ||
| S3 | 10.75 | -2.18% |
JHS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 28, 2024 | $0.110 | 0.98% |
| 2 | Dec 01, 2023 | Dec 08, 2023 | Dec 29, 2023 | $0.128 | 1.17% |
| 3 | Sep 01, 2023 | Sep 08, 2023 | Sep 29, 2023 | $0.0870 | 0.85% |
| 4 | Jun 01, 2023 | Jun 09, 2023 | Jun 30, 2023 | $0.0990 | 0.92% |
| 5 | Mar 01, 2023 | Mar 10, 2023 | Dec 31, 2018 | $0.0910 | 0.715% |
FAQ
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