Voya Asia Pacific High Dividend Equity Stock Forecast

Green day on Tuesday for Voya Asia Pacific High Dividend Equity
(Updated on Jul 02, 2024)

IAE Signals & Forecast

The Voya Asia Pacific High Dividend Equity stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.32 and $6.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 3.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Voya Asia Pacific High Dividend Equity stock

Voya Asia Pacific High Dividend Equity finds support from accumulated volume at $6.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0200 between high and low, or 0.317%. For the last week the stock has had daily average volatility of 0.719%

Our recommended stop-loss: $6.04 (-4.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (IAE) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Voya Asia Pacific High Dividend Equity Income Fund to open at $6.31, and during the day (based on 14 day Average True Range), to move between $6.26 and $6.38, which gives a possible trading interval of +/-$0.0636 (+/-1.01%) up or down from last closing price. If Voya Asia Pacific High Dividend Equity Income Fund takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.33 (0.16%) than the support at $6.19 (2.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Voya Asia Pacific High Dividend Equity Income Fund stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Voya Asia Pacific High Dividend Equity stock to perform well in the short-term.

Current score: 4.807 Buy Candidate Unchanged

Predicted Opening Price for Voya Asia Pacific High Dividend Equity Income Fund of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.