ISHARES MSCI INDIA ETF (INDA) Stock Technical Analysis
NYSEARCA:INDA - NYSE Arca - US46429B5984 - ETF - Currency: USD
Overall INDA gets a technical rating of 5 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, INDA is a bad performer.
When comparing the yearly performance of all stocks, INDA is a bad performer in the overall market: 62% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
INDA has an average volume of 6427990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
INDA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INDA is lagging the market.
In the last month INDA has a been trading in a tight range between 53.71 and 56.01.
INDA has an average technical rating and it also does not offer a high 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
47.32
56.34
3 important support areas can be observed.
- A support zone ranging from 53.40 to 54.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.57 from a trend line in the weekly time frame.
- A support zone ranging from 47.80 to 48.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.07 to 55.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for INDA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INDA is neutral. |
| ChartMill Relative Strength | 38.89 | NEUTRAL | INDA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INDA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INDA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INDA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.98 | NEUTRAL | The RSI value for INDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests INDA has a negative trend. |
| Stochastics (14,3) | 27.53 | NEUTRAL | The Stochastics value for INDA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for INDA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for INDA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
54.875
-0.05 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week-1.46%
2 Weeks-1.45%
1 Month1.55%
3 Month5%
6 Month7.22%
12 Month-2.32%
2 Year22.6%
3 Year28.59%
5 Year71.81%
10 Year76.62%
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%0.73%
ATR Inc-37.95%
Range Today0.34
ADR(20)0.24
ADR(20)%0.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.89
Mansfield-0.54
10 Day High55.87
10 Day Low54.81
20 Day High56.01
20 Day Low53.71
52 Week High59.49
52 Week Low47.6
CS1 End54.71
CR1 Start55.07
Volume & EV
DER(3)-8.42%
DER(5)-5.25%
Volume4.57M
Volume Incr-11.74%
Vol(5)5.09M
Vol(50)6.43M