ABRDN AUSTRALIA EQUITY FUND (IAF) Stock Technical Analysis
NYSEARCA:IAF - NYSE Arca - US0030111035 - Currency: USD
We assign a technical rating of 7 out of 10 to IAF. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IAF is only an average performer.
The long and short term trends are both positive. This is looking good!
IAF 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 IAF is lagging the market slightly.
When comparing the performance of all stocks over the past year, IAF turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
In the last month IAF has a been trading in a tight range between 4.41 and 4.58.
Although IAF has an excellent technical rating, it does not offer a high 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
3.57
4.63
2 important support areas can be observed.
- A support zone ranging from 4.40 to 4.48. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.58 to 4.58. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for IAF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IAF is up. |
| ChartMill Relative Strength | 57.15 | 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 | MIXED | The current price of IAF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.84 | NEUTRAL | The RSI value for IAF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IAF has a positive trend. |
| Stochastics (14,3) | 77.34 | NEUTRAL | The Stochastics value for IAF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for IAF suggests low volalility. |
| Average Directional Index/ADX (14) | 10.38 | NEGATIVE | The low ADX value for IAF 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)
4.5799
+0.05 (+1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.1%
1 Week2.69%
2 Weeks1.33%
1 Month2.23%
3 Month7.76%
6 Month3.27%
12 Month6.76%
2 Year10.63%
3 Year0.66%
5 Year-5.76%
10 Year-17.18%
15 Year-54.92%
Volatility
ATR(14)0.04
ATR(20)%1.08%
ATR Inc49.62%
Range Today0.05
ADR(20)0.04
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.15
Mansfield-0.29
10 Day High4.59
10 Day Low4.41
20 Day High4.59
20 Day Low4.41
52 Week High4.75
52 Week Low3.35
CS1 End4.48
CR1 Start4.58
Volume & EV
DER(3)-0.66%
DER(5)-0.47%
Volume37.40K
Volume Incr-23.96%
Vol(5)36.90K
Vol(50)47.61K