INDIA FUND INC (IFN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IFN - US4540891037
Taking everything into account, IFN scores 0 out of 10 in our technical rating. IFN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
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14.14
When analyzing the support we notice one important area.
- Support @14.28 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.78 to 15.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.59 from a horizontal line in the weekly 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 | 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 | 24.49 | NEGATIVE | IFN has a low relative strength, it was outperformed by 75.51% 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) | 39.54 | NEUTRAL | The RSI value for IFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests IFN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.19 | NEUTRAL | The Stochastics value for IFN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for IFN suggests low volalility. |
| Average Directional Index/ADX (14) | 20.6 | NEUTRAL | The ADX value for IFN suggests a possible start of a new trend. |
14.45
+0.06 (+0.42%)
INDIA FUND INC / IFN FAQ
Can you provide the ChartMill technical rating for INDIA FUND INC?
ChartMill assigns a technical rating of 0 / 10 to IFN.
Can you provide the trend direction for INDIA FUND INC?
The current trend direction for INDIA FUND INC (IFN) is Bearish.
What is the RSI signal for IFN stock?
INDIA FUND INC (IFN) has an RSI value of 39.5387. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for INDIA FUND INC?
The buy/sell signal for INDIA FUND INC (IFN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for INDIA FUND INC?
INDIA FUND INC (IFN) has a support level at 14.28 and a resistance level at 14.78. Check the full technical report for our detailed analysis of IFN support and resistance levels.