Logo image of IAF

ABRDN AUSTRALIA EQUITY FUND (IAF) Stock Technical Analysis

NYSEARCA:IAF - NYSE Arca - US0030111035 - Currency: USD

4.31  +0.05 (+1.17%)

Technical Rating and Analysis

6

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.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, IAF outperforms 64% of them, which is more or less in line with the market.
IAF 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 IAF is lagging the market slightly.
In the last month IAF has a been trading in a tight range between 4.17 and 4.39.
Weekly and Daily overview Charts
ABRDN AUSTRALIA EQUITY FUND / IAF Weekly stock chart
ABRDN AUSTRALIA EQUITY FUND / IAF Daily stock chart
Setup Rating and Analysis

10

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.
Support and Resistance Analysis

3.57

4.66

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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for IAF is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for IAF is neutral.
ChartMill Relative Strength64.79NEUTRALIAF is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of IAF is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of IAF is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of IAF is below a declining SMA(200).
Relative Strength Index/RSI (14)56.6NEUTRALThe RSI value for IAF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests IAF has a negative trend, although the MACD value is rising.
Stochastics (14,3)46.03NEUTRALThe Stochastics value for IAF is a neutral value.
Average True Range in percent/ATR (20)1.58LOW VOLATILITYThe low ATR as a percentage value for IAF suggests low volalility.
Average Directional Index/ADX (14)19.32NEGATIVEThe low ADX value for IAF suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
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
4.364.180.18 (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.
ABRDN AUSTRALIA EQUITY FUND / IAF Daily stock chart

ABRDN AUSTRALIA EQUITY FUND

NYSEARCA:IAF (5/30/2025, 8:04:00 PM)

4.31

+0.05 (+1.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.17%
1 Week1.65%
2 Weeks-0.69%
1 Month3.86%
3 Month5.12%
6 Month-5.48%
12 Month2.62%
2 Year5.64%
3 Year-21.49%
5 Year1.89%
10 Year-37.99%
15 Year-56.51%
Volatility
ATR(14)0.07
ATR(20)%1.58%
ATR Inc18.27%
Range Today0.12
ADR(20)0.05
ADR(20)%1.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.79
Mansfield-0.38
10 Day High4.39
10 Day Low4.19
20 Day High4.39
20 Day Low4.17
52 Week High4.75
52 Week Low3.35
CS1 End4.31
CR1 Start4.35
Volume & EV
DER(3)4.6%
DER(5)1.06%
Volume41.60K
Volume Incr10.02%
Vol(5)55.08K
Vol(50)63.42K