ABRDN ASIA-PACIFIC INCOME FU (FAX)

US0030091070

2.8  +0.03 (+1.08%)

After market: 2.79 -0.01 (-0.36%)

Technical Rating and Analysis

7

Overall FAX gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FAX is only an average performer.

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 however is currently trading near a new high, so FAX is lagging the market slightly.
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 47% of all stocks.
In the last month FAX has a been trading in a tight range between 2.67 and 2.80.
Weekly and Daily overview Charts
FAX Weekly chart
FAX Daily chart
Setup Rating and Analysis

7

Although FAX has an excellent technical rating, the quality of the presented setup is not ideal 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.

Support and Resistance Analysis

2.34

2.86

We found 3 important support areas.

  • A support zone ranging from 2.68 to 2.78. 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.
  • A support zone ranging from 2.36 to 2.38. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 2.81 to 2.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.19
Mansfield-0.93
10 Day High2.8
10 Day Low2.7
20 Day High2.8
20 Day Low2.67
52 Week High2.84
52 Week Low2.33
Performance
1 Week2.56%
2 Weeks2.94%
1 Month4.09%
3 Month3.32%
6 Month14.29%
12 Month5.26%
2 Year-17.16%
3 Year-31.54%
5 Year-33.81%
10 Year-54.17%
15 Year-41.3%
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)0.01
RSI(14)70.29
LBB2.7
UBB2.79
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
2.842.690.15 (5.28%)18.93%
An entry @2.84. This is a Buy Stop order right above the resistance zone.An exit @2.69. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.15 points, which is 5.28%.When investing 18.93% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
FAX Daily chart

ABRDN ASIA-PACIFIC INCOME FU

NYSEARCA:FAX (3/28/2024, 5:04:52 PM)

After market: 2.79 -0.01 (-0.36%)

2.8

+0.03 (+1.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.08%
1 Week2.56%
2 Weeks2.94%
1 Month4.09%
3 Month3.32%
6 Month14.29%
12 Month5.26%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.03
ATR(20)%1.29%
ATR Inc
Range Today0.04
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 High2.8
10 Day Low2.7
20 Day High2.8
20 Day Low2.67
52 Week High2.84
52 Week Low2.33
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.09M
Volume Incr-9.92%
Vol(5)533.59K
Vol(50)755.93K