ISHARES MSCI INDIA ETF (INDA) Stock Technical Analysis
USA - NYSEARCA:INDA - US46429B5984 - ETF
Overall INDA gets a technical rating of 6 out of 10. In the last year, INDA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
INDA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 54.40, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
47.31
3 important support areas can be observed.
- A support zone ranging from 53.02 to 54.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.54 from a horizontal line in the daily time frame.
- A support zone ranging from 47.79 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 55.67 to 55.86. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for INDA is up. |
| ChartMill Relative Strength | 56.3 | NEUTRAL | INDA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INDA is above 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) | UP | POSITIVE | The current price of INDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.52 | NEUTRAL | The RSI value for INDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests INDA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.06 | NEUTRAL | The Stochastics value for INDA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for INDA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for INDA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.85 | 53.47 | 1.38 (2.52%) | 25.00% |
| An entry @54.85. This is a Buy Stop order right above the 10 day high. | An exit @53.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.38 points, which is 2.52%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.62
+0.42 (+0.77%)
ISHARES MSCI INDIA ETF / INDA FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI INDIA ETF?
ChartMill assigns a technical rating of 6 / 10 to INDA.
What is the trend direction for INDA stock?
The current trend direction for ISHARES MSCI INDIA ETF (INDA) is Bullish.
What is the RSI signal for INDA stock?
ISHARES MSCI INDIA ETF (INDA) has an RSI value of 56.5232. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES MSCI INDIA ETF (INDA) stock?
The MACD indicator for ISHARES MSCI INDIA ETF (INDA) has a value of -0.020654, indicating a bearish trend.
Can you provide the support and resistance levels for ISHARES MSCI INDIA ETF?
ISHARES MSCI INDIA ETF (INDA) has a support level at 54.4 and a resistance level at 55.67. Check the full technical report for our detailed analysis of INDA support and resistance levels.