ABERDEEN INDIA FUND INC (IFN) Technical Analysis
NYSE:IFN • US4540891037
Current stock price
IFN Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to IFN. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 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 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.
- IFN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
IFN Weekly and Daily overview Charts
IFN Setup Rating and Analysis
Although the technical rating is bad, IFN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.33. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for IFN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
IFN Support and Resistance Analysis
10.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.93 to 11.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 5 important resistance areas.
- A resistance zone ranging from 12.33 to 12.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.09 from a trend line in the daily time frame.
- Resistance @13.61 from a trend line in the weekly time frame.
- Resistance @13.84 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for IFN is neutral. |
| ChartMill Relative Strength | 14.46 | NEGATIVE | IFN has a low relative strength, it was outperformed by 85.54% 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) | 50.91 | NEUTRAL | The RSI value for IFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests IFN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.29 | NEUTRAL | The Stochastics value for IFN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for IFN suggests low volalility. |
| Average Directional Index/ADX (14) | 18.78 | NEGATIVE | The low ADX value for IFN suggests a weak or negative trend. |
IFN Chart- and CandleStick Pattern Analysis
IFN Technicals: Chart, Performance Metrics, Trend & Indicators
12
-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 1 / 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 50.9096. 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 neutral.