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AI Analysis of PDT
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Red day on Thursday for John Hancock Premium Dividend Fund
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 6.78% PDF

The John Hancock Premium Dividend Fund stock price fell by -0.257% on the last day (Thursday, 28th Mar 2024) from $11.68 to $11.65. During the last trading day the stock fluctuated 2.15% from a day low at $11.62 to a day high of $11.87. The price has been going up and down for this period, and there has been a -0.51% loss for the last 2 weeks. Volume has increased on the last day by 249 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, 388 thousand shares were bought and sold for approximately $4.52 million.

The stock lies in the middle of a strong 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 11.79% during the next 3 months and, with a 90% probability hold a price between $12.70 and $13.59 at the end of this 3-month period.

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PDT Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -1.60%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The John Hancock Premium Dividend Fund stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.69. On a fall, the stock will find some support from the long-term average at approximately $11.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for John Hancock Premium Dividend Fund stock

John Hancock Premium Dividend Fund finds support from accumulated volume at $11.63 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 $0.250 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.60%.

Our recommended stop-loss: $11.27 (-3.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

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

For the upcoming trading day on Monday, 1st we expect John Hancock Premium Dividend Fund to open at $11.71, and during the day (based on 14 day Average True Range), to move between $11.49 and $11.81, which gives a possible trading interval of +/-$0.161 (+/-1.38%) up or down from last closing price. If John Hancock Premium Dividend Fund takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.63 (0.17%) than the resistance at $11.73 (0.69%), 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 Premium Dividend Fund stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.410 Buy Candidate Unchanged

Predicted Opening Price for John Hancock Premium Dividend Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$11.71 ( 0.544%) $11.65

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

Trading levels for PDT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.96 2.69 %
R2 11.87 1.87 %
R1 11.81 1.36 %
Current price: 11.65
Support S1 11.62 -0.276 %
S2 11.56 -0.783 %
S3 11.46 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.77 1.03 %
R2 11.75 0.86 %
R1 11.73 0.687 %
Current price 11.65
Support S1 11.63 -0.172%
S2 11.56 -0.773%
S3 10.46 -10.21%

PDT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 08, 2024 Mar 28, 2024 $0.0825 0.708%
2 Feb 01, 2024 Feb 09, 2024 Feb 29, 2024 $0.0825 0.714%
3 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.0825 0.760%
4 Dec 01, 2023 Dec 08, 2023 Dec 29, 2023 $0.0825 0.775%
5 Nov 01, 2023 Nov 10, 2023 Nov 30, 2023 $0.0830 0.764%

FAQ

What is the symbol for John Hancock Premium Dividend Fund Stock and on which exchange is it traded?
The symbol for John Hancock Premium Dividend Fund is PDT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell John Hancock Premium Dividend Fund Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy John Hancock Premium Dividend Fund Stock?
John Hancock Premium Dividend Fund 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 Premium Dividend Fund Stock.

What's the current price of John Hancock Premium Dividend Fund Stock?
As of the end of day on the 2024-03-28, the price of an John Hancock Premium Dividend Fund (PDT) share was $11.65.

What is the 52-week high and low for John Hancock Premium Dividend Fund Stock?
The 52-week high for John Hancock Premium Dividend Fund Stock is $13.05 and the 52-week low is $8.77.

What is the market capitalization of John Hancock Premium Dividend Fund Stock?
As of the 2024-03-28, the market capitalization of John Hancock Premium Dividend Fund is 573.008M.

When is the next earnings date for John Hancock Premium Dividend Fund?
The upcoming earnings date for John Hancock Premium Dividend Fund is Jun 28, 2024.
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About John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund is a closed ended equity 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 public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector. The fund primarily invests in dividend paying preferred stocks and common... PDT Profile

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