Voya Infrastructure Industrials and Stock Forecast

Voya Infrastructure Industrials and stock upgraded to Buy Candidate.
(Updated on Apr 22, 2024)

IDE Signals & Forecast

The Voya Infrastructure Industrials and 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 $10.35 and $10.32. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.89%. Further fall is indicated until a new bottom pivot has been found. 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 also not.

Support, Risk & Stop-loss for Voya Infrastructure Industrials and stock

Voya Infrastructure Industrials and finds support from accumulated volume at $10.33 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 $0.0850 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 0.81%

Our recommended stop-loss: $10.00 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (IDE) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Voya Infrastructure Industrials and Materials Fund to open at $10.36, and during the day (based on 14 day Average True Range), to move between $10.26 and $10.50, which gives a possible trading interval of +/-$0.123 (+/-1.18%) up or down from last closing price. If Voya Infrastructure Industrials and Materials Fund takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.39 (0.10%) than the support at $10.33 (0.48%), 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 Infrastructure Industrials and Materials 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 Infrastructure Industrials and stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.721 Buy Candidate Upgraded

Predicted Opening Price for Voya Infrastructure Industrials and Materials Fund of Tuesday, April 23, 2024

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