Traders Alert: Voya Emerging Markets High Dividend Equity Fund (IHD) stock RSI moves below 30

‘Over Sold’ Stock of Thursday Trading Session

Voya Emerging Markets High Dividend Equity Fund (IHD) augmented 0.92% to strike $7.72 in the Thursday trading session. The stock’s quarterly performance specifies a shift of -19.67% and its performance is stands at -12.47% for last twelve month while moved -15.90% for the past six months. 0.1 million shares changed at hands on last trading day versus to an average trading volume of 0.08 million shares in last 3 months. The relative volume of the stock is 1.23. Relative volume is an indicator that tells traders and investors how recent volume is compared to past trading volumes over a given period. This is something that investor look for in all the stocks in which investor is trading and this is an important indicator to keep tabs on.

Voya Emerging Markets High Dividend Equity Fund (IHD) shares have been seen trading -21.70% off its 52 week- peak value and changed 1.45% from its 52 week-bottom price value.

Relative Strength Index (RSI) Analysis:

Relative strength index (RSI-14) for IHD is observed at 26.14. Traditionally, RSI readings greater than the 70 level are considered to be in overbought territory, and RSI readings lower than the 30 level are considered to be in oversold territory. In between the 30 and 70 level is considered neutral, with the 50 level a sign of no trend. The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength. Tops and bottoms are indicated when RSI goes above 70 or drops below 30.

Volatility Observation:

The stock price weekly volatility remained at 1.12% while volatility is standing at 1.33% for the month. Volatility refers to the amount of uncertainty or risk about the size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.

Lester Grayson

Lester Grayson covers news related to earnings reports of different companies. He is a financial writer. Lester handles much of this site's news coverage of corporation’s earnings in all US market sectors. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 3 years. He's also been a freelance writer explaining a variety of topics in personal finance, including real estate, and investing. She is a well-known writer and financial research analyst for several authoritative financial news publishers.

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