Voya Emerging Markets High Income Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Voya Emerging Markets High Income stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The Voya Emerging Markets High Income stock price gained 1.37% on the last trading day (Thursday, 2nd May 2024), rising from $5.12 to $5.19. During the last trading day the stock fluctuated 1.62% from a day low at $5.13 to a day high of $5.21. The price has risen in 6 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 592 more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately $190.36 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Voya Emerging Markets High Income stock with a 90% probability to be traded between $4.98 and $5.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IHD Signals & Forecast
The Voya Emerging Markets High Income stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $5.16 and $5.18. 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). Voya Emerging Markets High Income 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.384%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Voya Emerging Markets High Income stock
Voya Emerging Markets High Income finds support from accumulated volume at $5.15 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 $0.0829 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 0.90%.
Our recommended stop-loss: $4.98 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (IHD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Voya Emerging Markets High Income Dividend Equity Fund to open at $5.18, and during the day (based on 14 day Average True Range), to move between $5.13 and $5.25, which gives a possible trading interval of +/-$0.0562 (+/-1.08%) up or down from last closing price. If Voya Emerging Markets High Income Dividend Equity Fund takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.20 (0.19%) than the support at $5.15 (0.77%), 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 Emerging Markets High Income Dividend Equity Fund stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Voya Emerging Markets High Income stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.276 Buy Candidate Upgraded
Predicted Opening Price for Voya Emerging Markets High Income Dividend Equity Fund of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $5.18 ( 0.238%) | $5.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.26 | 1.36 % | |
| R2 | 5.23 | 0.749 % | ||
| R1 | 5.21 | 0.372 % | ||
| Current price: | 5.19 | |||
| Support | S1 | 5.15 | -0.85 % | |
| S2 | 5.13 | -1.23 % | ||
| S3 | 5.09 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.22 | 0.578 % | |
| R2 | 5.21 | 0.385 % | ||
| R1 | 5.20 | 0.193 % | ||
| Current price | 5.19 | |||
| Support | S1 | 5.15 | -0.771% | |
| S2 | 5.11 | -1.54% | ||
| S3 | 5.10 | -1.73% |
IHD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | May 01, 2024 | May 15, 2024 | $0.0550 | 1.06% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.135 | 2.64% |
| 3 | Dec 18, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.135 | 2.69% |
| 4 | Sep 15, 2023 | Oct 02, 2023 | Oct 16, 2023 | $0.135 | 2.81% |
| 5 | Jun 15, 2023 | Jul 03, 2023 | Jul 17, 2023 | $0.135 | 2.54% |
FAQ
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