ABRDN WORLD HEALTHCARE FUND (THW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THW - US87911L1089
Overall THW gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, THW is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- THW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so THW is lagging the market slightly.
- In the last month THW has a been trading in the 12.34 - 13.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, THW turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- Volume is considerably higher in the last couple of days.
THW has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for THW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.65
We found 2 important support areas.
- Support @12.40 from a horizontal line in the daily time frame.
- A support zone ranging from 11.77 to 12.05. 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 12.82 to 13.23. 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 THW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for THW is neutral. |
| ChartMill Relative Strength | 51.53 | NEUTRAL | THW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of THW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of THW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.64 | NEUTRAL | The RSI value for THW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests THW has a negative trend. |
| Stochastics (14,3) | 53.59 | NEUTRAL | The Stochastics value for THW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for THW suggests low volalility. |
| Average Directional Index/ADX (14) | 8.9 | NEGATIVE | The low ADX value for THW 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 |
|---|---|---|---|
| 13.07 | 12.39 | 0.68 (5.20%) | 19.22% |
| An entry @13.07. This is a Buy Stop order right above the 10 day high. | An exit @12.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.68 points, which is 5.20%. | For a 1.00% total portfolio risk, you can invest 19.22% 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.
12.77
-0.01 (-0.08%)
ABRDN WORLD HEALTHCARE FUND / THW FAQ
Can you provide the ChartMill technical rating for ABRDN WORLD HEALTHCARE FUND?
ChartMill assigns a technical rating of 6 / 10 to THW.
What is the trend direction for THW stock?
The current trend direction for ABRDN WORLD HEALTHCARE FUND (THW) is Bullish.
What is the RSI signal for THW stock?
ABRDN WORLD HEALTHCARE FUND (THW) has an RSI value of 49.6393. This indicates that the stock is currently neutral.
What is the MACD signal for THW stock?
The MACD indicator for ABRDN WORLD HEALTHCARE FUND (THW) has a value of -0.0151369, indicating a bearish trend.
Can you provide the short term momentum for ABRDN WORLD HEALTHCARE FUND?
The short term momentum for ABRDN WORLD HEALTHCARE FUND (THW) is neutral.