ISHARES INDIA 50 ETF (INDY) Technical Analysis
NASDAQ:INDY • US4642895290
Current stock price
INDY Technical Rating and Analysis
Taking everything into account, INDY scores 0 out of 10 in our technical rating. INDY'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.
- 80% of all other stocks performed better in the past year than INDY.
- INDY is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so INDY is lagging the market.
- In the last month INDY has a been trading in the 41.91 - 48.19 range, which is quite wide. It is currently trading near the lows of this range.
INDY Weekly and Daily overview Charts
INDY Setup Rating and Analysis
The technical rating of INDY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
INDY Support and Resistance Analysis
41.54
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 43.63 to 43.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 45.98 to 46.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @49.46 from a horizontal line in the daily time frame.
- A resistance zone ranging from 52.50 to 52.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.67 from a horizontal line in the weekly time frame.
INDY 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 INDY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INDY is down. |
| ChartMill Relative Strength | 20.33 | NEGATIVE | INDY has a low relative strength, it was outperformed by 79.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INDY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INDY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INDY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 20.26 | OVERSOLD | The low RSI value suggests INDY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests INDY has a negative trend. |
| Stochastics (14,3) | 3.63 | OVERSOLD | The low Stochastics value suggests INDY may be oversold. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for INDY suggests low volalility. |
| Average Directional Index/ADX (14) | 40.86 | POSITIVE | The high ADX value value for INDY suggests a strong trend. |
INDY Chart- and CandleStick Pattern Analysis
INDY Technicals: Chart, Performance Metrics, Trend & Indicators
41.96
-0.83 (-1.94%)
ISHARES INDIA 50 ETF / INDY TA FAQ
Can you provide the ChartMill technical rating for ISHARES INDIA 50 ETF?
ChartMill assigns a technical rating of 0 / 10 to INDY.
What is the current trend direction of ISHARES INDIA 50 ETF (INDY) stock?
The current trend direction for ISHARES INDIA 50 ETF (INDY) is Bearish.
What is the RSI signal for INDY stock?
ISHARES INDIA 50 ETF (INDY) has an RSI value of 20.2645. This indicates that the stock is currently oversold.
Can you provide the MACD signal for ISHARES INDIA 50 ETF?
The MACD indicator for ISHARES INDIA 50 ETF (INDY) has a value of -0.240973, indicating a bearish trend.
Can you provide the buy/sell signal for ISHARES INDIA 50 ETF?
The buy/sell signal for ISHARES INDIA 50 ETF (INDY) is sell as both the short term and long term trends are negative.