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 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. IFN was also a bad performer in the overall market in the last year.
- 85% of all other stocks performed better in the past year than IFN.
- IFN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month IFN has a been trading in the 10.84 - 12.50 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Considerably lower volume is observed in the last couple of days.
IFN Weekly and Daily overview Charts
IFN Setup Rating and Analysis
IFN has a poor technical rating and the quality of the setup is also not perfect 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
10.74
When analyzing the support we notice one important area.
- A support zone ranging from 10.85 to 11.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.22 to 12.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.23 from a trend line in the daily time frame.
- A resistance zone ranging from 13.68 to 13.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.27 from a horizontal line 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 | UP | POSITIVE | The short term trend for IFN is up. |
| ChartMill Relative Strength | 15.51 | NEGATIVE | IFN has a low relative strength, it was outperformed by 84.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IFN is above the rising 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) | 56.04 | NEUTRAL | The RSI value for IFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests IFN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.28 | OVERBOUGHT | The high Stochastics value suggests IFN may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for IFN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.28 | 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
12.16
-0.04 (-0.33%)
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 2 / 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 ABERDEEN INDIA FUND INC (IFN) stock?
ABERDEEN INDIA FUND INC (IFN) has an RSI value of 56.0386. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABERDEEN INDIA FUND INC?
The short term momentum for ABERDEEN INDIA FUND INC (IFN) is positive.
What is the buy/sell signal for ABERDEEN INDIA FUND INC (IFN) stock?
The buy/sell signal for ABERDEEN INDIA FUND INC (IFN) is hold as the short term and long term trends are mixed.