ABERDEEN INDIA FUND INC (IFN) Technical Analysis
NYSE:IFN • US4540891037
Current stock price
IFN Technical Rating and Analysis
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.
- 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 trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IFN is lagging the market.
- IFN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
IFN Weekly and Daily overview Charts
IFN Setup Rating and Analysis
IFN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.16, a Stop Loss order could be placed below this zone.
More info and screens
IFN Support and Resistance Analysis
10.74
We found 1 important support area.
- A support zone ranging from 10.85 to 11.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 11.20 to 11.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.48 from a trend line in the daily time frame.
- A resistance zone ranging from 13.81 to 13.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.22 from a trend line in the daily time frame.
- 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 | 14.06 | NEGATIVE | IFN has a low relative strength, it was outperformed by 85.94% 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) | 34.69 | NEUTRAL | The RSI value for IFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IFN has a positive trend. |
| Stochastics (14,3) | 23.39 | NEUTRAL | The Stochastics value for IFN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for IFN suggests some volalility. |
| Average Directional Index/ADX (14) | 51.54 | 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
11.19
+0.15 (+1.36%)
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 ABERDEEN INDIA FUND INC (IFN) stock?
ABERDEEN INDIA FUND INC (IFN) has an RSI value of 34.6872. 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 negative.
What is the buy/sell signal for ABERDEEN INDIA FUND INC (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.