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Archive
- 4/5/2024 -
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The India Fund Inc. (IFN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the The India Fund Inc. (IFN). During the week, the IFN gave back -0.06 points, or -0.29%, and closed at 20.41 on Friday, April 5, 2024. Weekly volume was 18% above average.
 Long-term trend: [See IFN long-term trend chart]
A long-term uptrend had started on March 28, 2023 at 14.40 and reached 21.23 on March 8, 2024. IFN gained -6.83 points, or -47.43%, in 49 weeks. The price is now at the 12.01% retracement level.
 Medium-term trend: [See IFN medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 15.56 and reached 21.23 on March 8, 2024. IFN gained -5.67 points, or -36.44%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 20.25 and resistance is at 21.40. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See IFN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See IFN short-term trend chart]
A short-term uptrend had started on March 19, 2024 at 19.41 and reached 20.83 on April 4, 2024. IFN gained -1.42 points, or -7.32%, in 16 days. The price is now at the 29.58% retracement level.
 Daily Technical Indicators: [See IFN daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (20.3) comes close to the price (20.41). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
 Candlestick pattern: [See IFN candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
19.41 |
| Low Date |
03/19/2024 |
| High |
20.83 |
| High Date |
04/04/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
21.23 |
| High Date |
03/08/2024 |
| Low |
19.41 |
| Low Date |
03/19/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
21.40 |
| Support |
20.25 |
| Low |
15.56 |
| Low Date |
10/26/2023 |
| High |
21.23 |
| High Date |
03/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
14.40 |
| Low Date |
03/28/2023 |
| High |
21.23 |
| High Date |
03/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
40.94 |
| High Date |
11/08/2010 |
| Low |
11.13 |
| Low Date |
03/23/2020 |
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