Voya Financial Inc Stock Forecast
Voya Financial Inc stock price down 0.0870% on Tuesday
(Updated on Apr 23, 2024)
The Voya Financial Inc stock price fell by -0.0870% on the last day (Tuesday, 23rd Apr 2024) from $68.99 to $68.93. During the last trading day the stock fluctuated 0.99% from a day low at $68.76 to a day high of $69.44. The price has fallen in 6 of the last 10 days and is down by -3.28% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -121 thousand shares and in total, 667 thousand shares were bought and sold for approximately $45.98 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Voya Financial Inc stock with a 90% probability to be traded between $65.85 and $73.08 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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VOYA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.64%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Voya Financial Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $70.17. On a fall, the stock will find some support from the short-term average at $68.16. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Voya Financial Inc stock
Voya Financial Inc finds support from accumulated volume at $68.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.680 between high and low, or 0.99%. For the last week, the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VOYA) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Voya Financial Inc to open at $69.04, and during the day (based on 14 day Average True Range), to move between $67.68 and $70.18, which gives a possible trading interval of +/-$1.25 (+/-1.81%) up or down from last closing price. If Voya Financial Inc takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $68.99 (0.09%) than the support at $68.78 (0.22%), 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.
Earnings coming up
Voya Financial Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.60. We will update the financials statements for Voya Financial Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.43% in the first trading day after earnings release.
Is Voya Financial Inc stock A Buy?
Voya Financial Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.422 Sell Candidate Unchanged
Predicted Opening Price for Voya Financial Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $69.04 ( 0.164%) | $68.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOYA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.72 | 1.15 % | |
| R2 | 69.46 | 0.774 % | ||
| R1 | 69.30 | 0.541 % | ||
| Current price: | 68.93 | |||
| Support | S1 | 68.78 | -0.212 % | |
| S2 | 68.62 | -0.445 % | ||
| S3 | 68.36 | -0.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.14 | 4.66 % | |
| R2 | 70.73 | 2.61 % | ||
| R1 | 68.99 | 0.0870 % | ||
| Current price | 68.93 | |||
| Support | S1 | 68.78 | -0.218% | |
| S2 | 68.08 | -1.23% | ||
| S3 | 68.02 | -1.32% |
VOYA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 23, 2024 | Mar 27, 2024 | $0.400 | 0.545% |
| 2 | Oct 26, 2023 | Nov 24, 2023 | Dec 27, 2023 | $0.400 | 0.547% |
| 3 | Jul 27, 2023 | Aug 25, 2023 | Sep 27, 2023 | $0.400 | 0.606% |
| 4 | Apr 27, 2023 | May 25, 2023 | Sep 27, 2023 | $0.200 | 0.303% |
| 5 | Jan 26, 2023 | Feb 23, 2023 | Mar 29, 2023 | $0.200 | 0.285% |
FAQ
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