ABRDN ASIA-PACIFIC INCOME (FAX) Stock Technical Analysis
NYSEARCA:FAX - NYSE Arca - US0030098679 - Currency: USD
Overall FAX gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, FAX is a bad performer.
Although the technical rating is only medium, FAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.77, a Stop Loss order could be placed below this zone.
More info and screens
14.20
3 important support areas can be observed.
- A support zone ranging from 15.34 to 15.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.72 from a horizontal line in the daily time frame.
- A support zone ranging from 14.34 to 14.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Strong resistance @16.04 from a horizontal line in the daily time frame.
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 FAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FAX is up. |
| ChartMill Relative Strength | 37.51 | NEUTRAL | FAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.38 | NEUTRAL | The RSI value for FAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FAX has a positive trend. |
| Stochastics (14,3) | 93.35 | OVERBOUGHT | The high Stochastics value suggests FAX may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for FAX suggests low volalility. |
| Average Directional Index/ADX (14) | 8.78 | NEGATIVE | The low ADX value for FAX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 16.05 | 15.54 | 0.51 (3.18%) | 25.00% |
| An entry @16.05. This is a Buy Stop order right above the resistance zone. | An exit @15.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.51 points, which is 3.18%. | For a 0.79% 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.
NYSEARCA:FAX (6/17/2025, 10:51:58 AM)
15.89
+0.02 (+0.13%)