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 6 out of 10. Although FAP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
FAP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, FAP turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
In the last month FAP has a been trading in a tight range between 2.89 and 2.94.
Although the technical rating is only medium, FAP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.92, a Stop Loss order could be placed below this zone.
More info and screens
2.49
3.01
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.90 to 2.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 2.75 to 2.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.69 to 2.70. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @2.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.94 to 2.98. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for FAP.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FAP.CA is neutral. |
| ChartMill Relative Strength | 44.02 | NEUTRAL | FAP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FAP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FAP.CA is above the rising 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) | 52.25 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for FAP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for FAP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.25 | NEGATIVE | The low ADX value for FAP.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.94 | 2.89 | 0.05 (1.70%) | 25.00% |
| An entry @2.94. This is a Buy Stop order right above the 10 day high. | An exit @2.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 1.70%. | For a 0.43% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:FAP (7/4/2025, 7:00:00 PM)
2.925
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.17%
2 Weeks0.52%
1 Month0.17%
3 Month1.56%
6 Month4.46%
12 Month12.07%
2 Year15.16%
3 Year18.42%
5 Year1.92%
10 Year-36.27%
15 Year-56.86%
Volatility
ATR(14)0.02
ATR(20)%0.56%
ATR Inc97.44%
Range Today0.02
ADR(20)0.01
ADR(20)%0.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.02
Mansfield-0.43
10 Day High2.93
10 Day Low2.89
20 Day High2.94
20 Day Low2.89
52 Week High3.04
52 Week Low0
CS1 End2.92
CR1 Start2.94
Volume & EV
DER(3)0%
DER(5)0%
Volume7.24K
Volume Incr-10.86%
Vol(5)57.93K
Vol(50)45.47K