(HPS) John Hancock Preferred - Ratings and Ratios

John Hancock Preferred Income III Closed Fund (NYSE:HPS) is a closed-end fund that primarily invests in preferred stocks, offering a diversified portfolio to investors. The fund is listed on the New York Stock Exchange and is managed by John Hancock Investment Management, a reputable asset management company.

By analyzing the funds historical price movements, we can observe that it has exhibited relatively stable performance, with its 20-day and 50-day simple moving averages (SMA) being very close to its last price. This indicates a lack of significant short-term price momentum. In contrast, the 200-day SMA is slightly higher, suggesting a potential resistance level if the price were to rise. The average true range (ATR) is relatively low, indicating that the funds price is not experiencing significant volatility.

With Assets Under Management (AUM) of $528.50 million, the fund is of moderate size, allowing for a reasonable level of diversification and potentially reducing the impact of individual security performance on the overall portfolio. As a preferred stock fund, HPS is likely to be sensitive to interest rate changes and credit quality of the underlying issuers. Given the current market environment, we can expect the fund to be influenced by the prevailing interest rate trends and the overall health of the corporate bond market.

Based on the available technical and fundamental data, a potential forecast for HPS could be that the fund may continue to trade within a narrow range in the short term, potentially around the current price of $14.19. However, if the 52-week low of $13.31 is breached, it could be a sign of a more significant decline. Conversely, a sustained move above the 200-day SMA of $14.68 could indicate a potential upward trend. In the longer term, the funds performance will likely be influenced by the direction of interest rates and the overall credit market conditions. If interest rates were to decline, HPS might experience an upward revaluation, whereas a rise in interest rates could lead to a decline in the funds net asset value.