ABRDN AUSTRALIA EQUITY FUND (IAF) Stock Technical Analysis
NYSEARCA:IAF - NYSE Arca - US0030111035 - Currency: USD
We assign a technical rating of 6 out of 10 to IAF. In the last year, IAF was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
IAF has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.31, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IAF in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3.57
2 important support areas can be observed.
- A support zone ranging from 4.19 to 4.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.61 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @4.35 from a trend line in the daily time frame.
- A resistance zone ranging from 4.44 to 4.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.56 to 4.61. 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 | NEUTRAL | NEUTRAL | The long term trend for IAF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IAF is neutral. |
| ChartMill Relative Strength | 64.79 | NEUTRAL | IAF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IAF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IAF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IAF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.6 | NEUTRAL | The RSI value for IAF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IAF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.03 | NEUTRAL | The Stochastics value for IAF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for IAF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.32 | NEGATIVE | The low ADX value for IAF 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 |
|---|---|---|---|
| 4.36 | 4.18 | 0.18 (4.13%) | 24.22% |
| An entry @4.36. This is a Buy Stop order right above the resistance zone. | An exit @4.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 4.13%. | When investing 24.22% 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.
NYSEARCA:IAF (5/30/2025, 8:04:00 PM)
4.31
+0.05 (+1.17%)