We assign a technical rating of 1 out of 10 to FAX. FAX'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, FAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
15.08
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.25 to 15.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.38 to 16.80. 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 | DOWN | NEGATIVE | The long term trend for FAX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FAX is down. |
| ChartMill Relative Strength | 29.18 | NEGATIVE | FAX has a low relative strength, it was outperformed by 70.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FAX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FAX is below a declining 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) | 44.09 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 57.87 | NEUTRAL | The Stochastics value for FAX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for FAX suggests low volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for FAX suggests a strong trend. |
15.23
0 (0%)
ABRDN ASIA-PACIFIC INCOME / FAX FAQ
What is the technical rating for FAX stock?
ChartMill assigns a technical rating of 1 / 10 to FAX.
What is the current trend direction of ABRDN ASIA-PACIFIC INCOME (FAX) stock?
The current trend direction for ABRDN ASIA-PACIFIC INCOME (FAX) is Bearish.
Can you provide the RSI signal for ABRDN ASIA-PACIFIC INCOME?
ABRDN ASIA-PACIFIC INCOME (FAX) has an RSI value of 44.0909. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ABRDN ASIA-PACIFIC INCOME?
The MACD indicator for ABRDN ASIA-PACIFIC INCOME (FAX) has a value of 0.016957, indicating a bearish trend.
What is the short term momentum for FAX stock?
The short term momentum for ABRDN ASIA-PACIFIC INCOME (FAX) is negative.