Voya Financial Technical Analysis (NYSE:VOYA)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Voya Financial stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the VOYA stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Voya Financial. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Voya Financial stock analysis.
Voya Financial Moving Average
Moving averages help predict the price direction of VOYA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $49.6 is above the price of $48.59.
Voya Financial Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the VOYA stock. The stock price is trading between the average and the lower band in the context of Voya Financial bollinger bands.
Voya Financial Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Voya Financial MACD indicator can be used to identify bullish and bearish trends for the stock.
Voya Financial Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of VOYA stock is 29.25.