ISHARES INDIA 50 ETF (INDY) Stock Technical Analysis
NASDAQ:INDY - Nasdaq - US4642895290 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to INDY. Although INDY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, INDY turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
INDY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INDY is lagging the market.
In the last month INDY has a been trading in a tight range between 52.57 and 54.20.
Considerably lower volume is observed in the last couple of days.
INDY has an excellent technical rating, but the quality of the setup is only medium 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
46.67
55.56
We found 4 important support areas.
- A support zone ranging from 52.31 to 53.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.71 from a trend line in the daily time frame.
- Support @48.41 from a trend line in the weekly time frame.
- A support zone ranging from 47.14 to 47.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @54.10 from a horizontal line in the daily time frame.
- Resistance @55.01 from a horizontal line in the daily time frame.
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 INDY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INDY is up. |
| ChartMill Relative Strength | 62.94 | NEUTRAL | INDY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INDY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INDY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INDY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.97 | NEUTRAL | The RSI value for INDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.5 | OVERBOUGHT | The high Stochastics value suggests INDY may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for INDY suggests low volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for INDY 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)
54.03
+0.04 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.07%
1 Week2.21%
2 Weeks1.35%
1 Month1.24%
3 Month11.93%
6 Month1.07%
12 Month2.54%
2 Year19.96%
3 Year31.68%
5 Year74.8%
10 Year80.94%
15 Year109.5%
Volatility
ATR(14)0.4
ATR(20)%0.79%
ATR Inc-61.65%
Range Today0.17
ADR(20)0.25
ADR(20)%0.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.94
Mansfield-0.21
10 Day High54.2
10 Day Low52.82
20 Day High54.2
20 Day Low52.57
52 Week High57.3
52 Week Low46.93
CS1 End53.72
CR1 Start54.1
Volume & EV
DER(3)-0.83%
DER(5)0.2%
Volume59.10K
Volume Incr-26.45%
Vol(5)70.78K
Vol(50)123.71K