ABERDEEN INDIA FUND INC (IFN) Technical Analysis
NYSE:IFN • US4540891037
Current stock price
IFN Technical Rating and Analysis
Overall IFN gets a technical rating of 0 out of 10. IFN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, IFN is a bad performer in the overall market: 86% of all stocks are doing better.
- IFN is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so IFN is lagging the market.
- In the last month IFN has a been trading in the 10.96 - 13.29 range, which is quite wide. It is currently trading near the lows of this range.
IFN Weekly and Daily overview Charts
IFN Setup Rating and Analysis
The technical rating of IFN 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
IFN Support and Resistance Analysis
10.90
We can see 3 important resistance areas.
- Resistance @13.58 from a trend line in the daily time frame.
- A resistance zone ranging from 13.95 to 14.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.15 to 15.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
IFN 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for IFN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IFN is down. |
| ChartMill Relative Strength | 14.85 | NEGATIVE | IFN has a low relative strength, it was outperformed by 85.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IFN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IFN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IFN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 20.09 | OVERSOLD | The low RSI value suggests IFN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests IFN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.43 | OVERSOLD | The low Stochastics value suggests IFN may be oversold. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for IFN suggests some volalility. |
| Average Directional Index/ADX (14) | 55.51 | POSITIVE | The high ADX value value for IFN suggests a strong trend. |
IFN Chart- and CandleStick Pattern Analysis
IFN Technicals: Chart, Performance Metrics, Trend & Indicators
11.01
-0.07 (-0.63%)
ABERDEEN INDIA FUND INC / IFN TA FAQ
Can you provide the ChartMill technical rating for ABERDEEN INDIA FUND INC?
ChartMill assigns a technical rating of 0 / 10 to IFN.
What is the current trend direction of ABERDEEN INDIA FUND INC (IFN) stock?
The current trend direction for ABERDEEN INDIA FUND INC (IFN) is Bearish.
What is the RSI signal for IFN stock?
ABERDEEN INDIA FUND INC (IFN) has an RSI value of 20.0949. This indicates that the stock is currently oversold.
What is the buy/sell signal for IFN stock?
The buy/sell signal for ABERDEEN INDIA FUND INC (IFN) is sell as both the short term and long term trends are negative.
What is the support and resistance level for IFN stock?
ABERDEEN INDIA FUND INC (IFN) has a resistance level at 13.58. Check the full technical report for our detailed analysis of IFN support and resistance levels.