In its latest trading session, John Hancock Preferred Income Fund (HPI) dropped by -0.9% – here is what that looked like (as of 2019-10-29):
Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 50.416, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.005, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.168, an Accumulation/Distribution Index (ADI) of 0.168, an On-Balance Volume (OBV) of 209.344, and a Chaiikin Money Flow (CMF) of 22.83. 6.227
Now let’s take all these indicators into account. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for John Hancock Preferred Income Fund (HPI). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.
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