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John Hancock's 15min chart shows RSI overbought, bearish Marubozu pattern.
ByAinvest
Tuesday, Jun 24, 2025 11:17 am ET1min read
At 11:15 on June 24, 2025, John Hancock's 15-minute chart exhibited a bearish Marubozu candlestick pattern, accompanied by an RSI reading indicative of overbought conditions. This suggests that the stock price has risen rapidly and exceeds the fundamental support level, with sellers dominating the market. Consequently, it is likely that the bearish momentum will persist.
At 11:15 on June 24, 2025, John Hancock's 15-minute chart exhibited a bearish Marubozu candlestick pattern, accompanied by an RSI reading indicative of overbought conditions. This suggests that the stock price has risen rapidly and exceeds the fundamental support level, with sellers dominating the market. Consequently, it is likely that the bearish momentum will persist.The Marubozu candlestick pattern is characterized by a lack of wicks, indicating that the stock price opened and closed at the same level, with no volatility during the trading session. This pattern often signals a reversal in the stock's trend. The RSI reading, which measures the speed and change of price movements, was above 70, indicating that the stock is overbought and ripe for a pullback.
Additionally, the John Hancock Premium Dividend Fund stock price gained 0.539% on Monday, June 23, 2025, rising from $12.98 to $13.05. During the last trading day, the stock fluctuated 0.731% from a day low at $13.00 to a day high of $13.09. The price has fallen in 5 of the last 10 days and is down by -0.46% for this period. Volume fell on the last day by -3 thousand shares and in total, 69 thousand shares were bought and sold for approximately $895.80 thousand.
The stock lies in the middle of a weak 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 4.98% during the next 3 months and, with a 90% probability, hold a price between $12.84 and $13.97 at the end of this 3-month period.
References:
[1] https://stockinvest.us/stock/PDT
[2] https://www.investing.com/news/company-news/asts-stock-reaches-alltime-high-at-4897-usd-93CH-4106517
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