John Hancock's 15min chart shows MACD Death Cross, Bearish Marubozu signal.

According to the 15-minute chart for John Hancock, a bearish signal has been triggered as the MACD indicator has crossed below the zero line, indicating a potential continuation of downward momentum in the stock price. Additionally, the stock price has closed as a bearish Marubozu, which is a candlestick pattern characterized by a complete absence of wicks, suggesting that sellers are firmly in control of the market and bearish momentum is likely to persist.

John Hancock (HPF) has triggered a bearish signal on its 15-minute chart, with the MACD indicator crossing below the zero line and the stock closing as a bearish Marubozu candlestick pattern. These technical indicators suggest a potential continuation of downward momentum in the stock price.

The MACD (Moving Average Convergence Divergence) is a widely used technical indicator that shows the relationship between two moving averages of a security's price. When the MACD line crosses below the zero line, it indicates a bearish signal, suggesting that the security's price may continue to decline. In John Hancock's case, this crossing below the zero line suggests a potential continuation of the downward trend in the stock price.

Additionally, the Marubozu candlestick pattern, characterized by a complete absence of wicks (shadows), indicates strong selling pressure and a firm control of the market by sellers. The Marubozu pattern, when it appears as a bearish candle, suggests that the stock price is likely to continue its downward movement.

These technical indicators, along with the recent monthly distribution declarations of John Hancock's closed-end funds, provide investors with a cautious outlook on the stock. The John Hancock Preferred Income Fund II (HPF) has declared its monthly distribution, with a distribution per share of $0.1235 and an annualized current distribution rate at the market of 9.42% [2].

Investors should closely monitor the stock's performance and consider the implications of these technical indicators on their investment decisions. Further analysis and evaluation of the stock's fundamentals and market conditions may be necessary to make informed investment choices.

References:

1. [1] https://finance.yahoo.com/news/john-hancock-multifactor-small-cap-102006916.html
2. [2] https://quantisnow.com/company/HPF