(HPF) John Hancock Preferred - Ratings and Ratios

The John Hancock Preferred Income II Closed Fund (NYSE:HPF) is a USA-based investment fund specializing in preferred stock. As a closed-end fund, it provides a unique investment opportunity for those seeking exposure to a diversified portfolio of preferred securities.

From a technical analysis perspective, the funds recent price action indicates a potential bullish trend. The last price of $16.27 is above the 20-day Simple Moving Average (SMA) of $15.71 and the 50-day SMA of $16.06, suggesting a short-term uptrend. However, the price remains below the 200-day SMA of $16.44, indicating a possible resistance level. The Average True Range (ATR) of 0.33, equivalent to 2.04%, implies moderate volatility. Given the current technical setup, a potential price target could be the 52-week high of $18.04, provided the fund can break through the 200-day SMA resistance.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at $392.86 million, indicating a relatively stable and sizable investment base. As a preferred stock fund, HPF is likely to be sensitive to changes in interest rates and credit markets. With the current interest rate environment, the funds income-generating potential is an attractive feature for income-seeking investors.

Combining technical and fundamental insights, a forecast for HPF suggests that if the fund can maintain its current price level and break through the 200-day SMA, it may continue its upward trajectory, potentially reaching the 52-week high. However, if the price retraces to the 20-day SMA, it may present a buying opportunity for investors. Given the funds AUM and investment strategy, it is likely to remain a stable player in the preferred stock market, providing a relatively stable source of income for investors.