According to the 15-minute chart of John Hancock, the KDJ Golden Cross and Bullish Marubozu indicators have triggered at 07:00 on September 9, 2025. This suggests a shift in the momentum of the stock price towards the upside, potentially leading to further price appreciation. As the buyers are currently in control of the market, it is likely that bullish momentum will continue.
John Hancock Pfd Income Fund II (HPF) stock experienced a notable gain on Tuesday, July 8, 2025, rising by 0.563% to close at $16.07. This increase follows a series of positive technical indicators that suggest further upward momentum for the stock. The stock has been trading within a horizontal trend, with a 90% probability of moving between $15.60 and $16.73 over the next three months [1].
On Tuesday, HPF demonstrated several positive signals, including buy signals from both short and long-term moving averages, as well as a general buy signal from the relationship between these averages. Additionally, a pivot bottom point was identified on June 17, 2025, which has since seen a 3.21% increase in the stock's price. The 3-month Moving Average Convergence Divergence (MACD) also provided a buy signal, indicating that the stock is likely to continue its upward trajectory [1].
The stock's volume has increased significantly on the last trading day, with 9,000 more shares traded than the previous day. This increase in volume, coupled with the stock's recent price movements, is considered a positive technical sign. The stock's volatility has been relatively low, with an average daily volatility of 0.704% over the last week. The recommended stop-loss for the stock is $15.24, which reflects its low daily movements and the overall low risk associated with the investment [1].
For the upcoming trading day on Wednesday, July 9, 2025, HPF is expected to open at $16.07 and trade within a range of $15.95 to $16.19. This gives a possible trading interval of +/-$0.123 (+/-0.77%) up or down from the previous closing price. If HPF takes out the full calculated possible swing range, it could experience an estimated 1.53% move between the lowest and highest trading prices during the day [1].
In summary, John Hancock Pfd Income Fund II stock shows several positive technical signals that suggest further upward momentum. The stock's recent price movements and increased volume are positive indicators for investors. However, it is essential to monitor the stock's performance closely and consider the overall market conditions before making any investment decisions.
References:
[1] https://stockinvest.us/stock/HPF
[2] https://www.newsmax.com/finance/streettalk/trump-tariffs-tesla/2025/07/07/id/1217907/
Comments
No comments yet