ABRDN ASIA-PACIFIC INCOME FU (FAP.CA) Stock Technical Analysis
TSX:FAP - Toronto Stock Exchange - SGXZ44536704 - Currency: CAD
Overall FAP gets a technical rating of 1 out of 10. FAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, FAP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.84, a Stop Loss order could be placed below this zone.
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2.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.80 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.70 to 2.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.52 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.90 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FAP.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FAP.CA is neutral. |
| ChartMill Relative Strength | 36.04 | NEUTRAL | FAP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FAP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FAP.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FAP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.95 | NEUTRAL | The RSI value for FAP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FAP.CA has a negative trend. |
| Stochastics (14,3) | 63.89 | NEUTRAL | The Stochastics value for FAP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for FAP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.11 | POSITIVE | The high ADX value value for FAP.CA suggests a strong trend. |
TSX:FAP (7/25/2025, 7:00:00 PM)
2.87
-0.01 (-0.35%)