Voya Financial, Inc. Stock Forecast
Evaluation of Voya Financial, Inc. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Voya Financial, Inc. stock price fell by -1.22% on the last day (Friday, 28th Jun 2024) from $24.58 to $24.28. During the last trading day the stock fluctuated 1.65% from a day low at $24.28 to a day high of $24.68. The price has been going up and down for this period, and there has been a -1.22% loss for the last 2 weeks. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 thousand shares were bought and sold for approximately $646.38 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $24.31 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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VOYA-PB Signals & Forecast
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. The Voya Financial, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.54 and $24.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.52%. Further fall is indicated until a new bottom pivot has been found. Voya Financial, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -0.710% to $24.11 within 12 trading days since signal was issued (Monday, July 08, 2024).
Support, Risk & Stop-loss for Voya Financial, Inc. stock
Voya Financial, Inc. finds support from accumulated volume at $24.26 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 $0.400 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 0.88%.
Our recommended stop-loss: $23.44 (-3.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (VOYA-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Voya Financial, Inc. to open at $24.41, and during the day (based on 14 day Average True Range), to move between $24.04 and $24.52, which gives a possible trading interval of +/-$0.238 (+/-0.98%) up or down from last closing price. If Voya Financial, Inc. takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.26 (0.08%) than the resistance at $24.57 (1.19%), 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 Financial, Inc. stock A Buy?
Voya Financial, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.000 Sell Candidate Downgraded
Predicted Opening Price for Voya Financial, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.41 ( 0.549%) | $24.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOYA-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.81 | 2.20% |
| R2 | 24.66 | 1.57% |
| R1 | 24.57 | 1.18% |
| Price | 24.28 | |
| S1 | 24.26 | -0.0802% |
| S2 | 24.17 | -0.469% |
| S3 | 24.01 | -1.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.70 | 1.73% |
| R2 | 24.58 | 1.24% |
| R1 | 24.57 | 1.19% |
| Price | 24.28 | |
| S1 | 24.26 | -0.0824% |
| S2 | 24.24 | -0.165% |
| S3 | 0 | - |
VOYA-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | Jun 17, 2024 | $0.334 | 1.36% |
| 2 | May 24, 2024 | May 24, 2024 | Jun 17, 2024 | $0.334 | 1.36% |
| 3 | Feb 23, 2024 | Feb 23, 2024 | Feb 23, 2024 | $0.334 | 1.37% |
| 4 | Nov 24, 2023 | Nov 24, 2023 | Dec 15, 2023 | $0.334 | 1.43% |
| 5 | Aug 25, 2023 | Aug 25, 2023 | Sep 15, 2023 | $0.334 | 1.43% |
FAQ
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