ABRDN ASIA-PACIFIC INCOME (FAX)
US0030091070
Taking everything into account, FAX scores 8 out of 10 in our technical rating. Although FAX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
FAX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FAX is performing more or less in line with the market.
FAX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, FAX turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
FAX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 2.75, a Stop Loss order could be placed below this zone.
More info and screens
2.34
2.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.67 to 2.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.61 to 2.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.56 from a trend line in the daily time frame.
- A support zone ranging from 2.36 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.80 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.36
Mansfield-0.75
10 Day High2.86
10 Day Low2.72
20 Day High2.86
20 Day Low2.63
52 Week High2.86
52 Week Low2.33
Performance
1 Week-2.47%
2 Weeks0%
1 Month4.15%
3 Month7.39%
6 Month4.94%
12 Month1.85%
2 Year-0.72%
3 Year-36.55%
5 Year-34.6%
10 Year-54.75%
15 Year-52.74%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)53.46
LBB2.71
UBB2.86
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 |
|---|---|---|---|
| 2.81 | 2.71 | 0.10 (3.52%) | 25.00% |
| An entry @2.81. This is a Buy Stop order right above the 10 day moving average. | An exit @2.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 3.52%. | For a 0.88% 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.
ABRDN ASIA-PACIFIC INCOME
NYSEARCA:FAX (7/26/2024, 7:04:00 PM)
After market: 2.76 0 (0%)2.76
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-2.47%
2 Weeks0%
1 Month4.15%
3 Month7.39%
6 Month4.94%
12 Month1.85%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.05
ATR(20)%1.8%
ATR Inc
Range Today0.01
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.86
10 Day Low2.72
20 Day High2.86
20 Day Low2.63
52 Week High2.86
52 Week Low2.33
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume475.60K
Volume Incr-36.89%
Vol(5)682.29K
Vol(50)859.08K