Voya Infrastructure Industrials and Stock Forecast
Voya Infrastructure Industrials and stock price up 0.81% on Friday
(Updated on May 03, 2024)
The Voya Infrastructure Industrials and stock price gained 0.81% on the last trading day (Friday, 3rd May 2024), rising from $9.92 to $10.00. During the last trading day the stock fluctuated 0.80% from a day low at $9.97 to a day high of $10.05. The price has risen in 6 of the last 10 days but is still down by -2.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately $525.72 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.49% during the next 3 months and, with a 90% probability hold a price between $10.24 and $11.06 at the end of this 3-month period.
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IDE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.21%. Further rise is indicated until a new top pivot has been found. Voya Infrastructure Industrials and has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Voya Infrastructure Industrials and stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.06 and $10.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Voya Infrastructure Industrials and stock
Voya Infrastructure Industrials and finds support from accumulated volume at $9.94 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0800 between high and low, or 0.80%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: $9.41 (-5.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (IDE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Voya Infrastructure Industrials and Materials Fund to open at $10.01, and during the day (based on 14 day Average True Range), to move between $9.88 and $10.12, which gives a possible trading interval of +/-$0.122 (+/-1.22%) 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 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.94 (0.60%) than the resistance at $10.19 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Voya Infrastructure Industrials and Materials Fund stock A Buy?
Voya Infrastructure Industrials and holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.614 Hold/Accumulate Unchanged
Predicted Opening Price for Voya Infrastructure Industrials and Materials Fund of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $10.01 ( 0.0667%) | $10.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.09 | 0.87 % | |
| R2 | 10.06 | 0.561 % | ||
| R1 | 10.04 | 0.372 % | ||
| Current price: | 10.00 | |||
| Support | S1 | 9.98 | -0.239 % | |
| S2 | 9.96 | -0.428 % | ||
| S3 | 9.93 | -0.733 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.33 | 3.30 % | |
| R2 | 10.26 | 2.60 % | ||
| R1 | 10.19 | 1.90 % | ||
| Current price | 10.00 | |||
| Support | S1 | 9.94 | -0.600% | |
| S2 | 9.92 | -0.80% | ||
| S3 | 9.88 | -1.20% |
IDE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | May 01, 2024 | May 15, 2024 | $0.100 | 1.00% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.229 | 2.21% |
| 3 | Dec 18, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.229 | 2.29% |
| 4 | Sep 15, 2023 | Oct 02, 2023 | Oct 16, 2023 | $0.229 | 2.49% |
| 5 | Jun 15, 2023 | Jul 03, 2023 | Jul 17, 2023 | $0.229 | 2.33% |
FAQ
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