ABRDN ASIA-PACIFIC INCOME (FAX) Stock Technical Analysis
NYSEARCA:FAX - NYSE Arca - US0030098679 - Currency: USD
We assign a technical rating of 3 out of 10 to FAX. FAX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 41% of all stocks.
FAX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FAX is lagging the market slightly.
In the last month FAX has a been trading in a tight range between 15.12 and 15.79.
The technical rating of FAX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.20
16.20
We found 2 important support areas.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.41 to 15.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for FAX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FAX is neutral. |
| ChartMill Relative Strength | 41.02 | NEUTRAL | FAX is not amongst the best or worst performers 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) | 44.16 | NEUTRAL | The RSI value for FAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FAX has a negative trend. |
| Stochastics (14,3) | 40.03 | NEUTRAL | The Stochastics value for FAX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for FAX suggests low volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for FAX 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)
15.29
-0.21 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.35%
1 Week-1.67%
2 Weeks-0.33%
1 Month0.07%
3 Month-2.67%
6 Month-3.04%
12 Month-4.2%
2 Year-6.65%
3 Year-16.45%
5 Year-30.75%
10 Year-51.92%
15 Year-58.22%
Volatility
ATR(14)0.2
ATR(20)%1.27%
ATR Inc31.87%
Range Today0.14
ADR(20)0.18
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.02
Mansfield-0.7
10 Day High15.79
10 Day Low15.21
20 Day High15.79
20 Day Low15.12
52 Week High17.55
52 Week Low13.99
CS1 End14.72
CR1 Start15.41
Volume & EV
DER(3)7.11%
DER(5)4.43%
Volume137.90K
Volume Incr27.15%
Vol(5)147.38K
Vol(50)146.20K