ABRDN ASIA-PACIFIC INC. FUND

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	FAX
ISIN:

ABRDN ASIA-PACIFIC INC. FUND - 1H - Technical analysis published on 05/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 2.55 USD

My targets

2.64 USD (+2.33%)

2.69 USD (+4.26%)

My analysis

A bullish trend on ABRDN ASIA-PACIFIC INC. FUND both in substance and in the short term. A purchase could be considered as long as the price remains above 2.55 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2.64 USD. Then the price could move towards 2.69 USD. Then 2.78 USD by extension. Be careful, a return below 2.55 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ABRDN ASIA-PACIFIC INC. FUND rating is 2.58 USD. On the day, this instrument gained +1.58% and was between 2.55 USD and 2.58 USD. This implies that the price is at +1.18% from its lowest and at 0% from its highest.

2.55

2.58

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ABRDN ASIA-PACIFIC INC. FUND chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.46	2.51	2.55	2.58	2.59	2.64	2.69
Change (%)	-4.65%	-2.71%	-1.16%	-	+0.39%	+2.33%	+4.26%
Change	-0.12	-0.07	-0.03	-	+0.01	+0.06	+0.11
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.49	2.50	2.52	2.53	2.55	2.56	2.58
Camarilla	2.53	2.54	2.54	2.54	2.54	2.55	2.55
Woodie	2.50	2.50	2.53	2.53	2.56	2.56	2.59
Fibonacci	2.50	2.51	2.52	2.53	2.54	2.55	2.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.40	2.44	2.51	2.55	2.62	2.66	2.73
Camarilla	2.54	2.55	2.56	2.57	2.58	2.59	2.60
Woodie	2.41	2.45	2.52	2.56	2.63	2.67	2.74
Fibonacci	2.44	2.49	2.51	2.55	2.60	2.62	2.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.11	2.30	2.40	2.59	2.69	2.88	2.98
Camarilla	2.42	2.45	2.47	2.50	2.53	2.55	2.58
Woodie	2.07	2.28	2.36	2.57	2.65	2.86	2.94
Fibonacci	2.30	2.41	2.48	2.59	2.70	2.77	2.88

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.29
MACD (12,26,9):	0.0100
Directional Movement:	12.35
AROON (14):	71.43
DEMA (21):	2.55
Parabolic SAR (0,02-0,02-0,2):	2.51
Elder Ray (13):	0.03
Super Trend (3,10):	2.52
Zig ZAG (10):	2.57
VORTEX (21):	1.0100
Stochastique (14,3,5):	90.00
TEMA (21):	2.56
Williams %R (14):	-10.00
Chande Momentum Oscillator (20):	0.08
Repulse (5,40,3):	-0.4200
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	4.18

MA7:	2.53
MA20:	2.58
MA50:	2.64
MA100:	2.63
MAexp7:	2.56
MAexp20:	2.54
MAexp50:	2.54
MAexp100:	2.56
Price / MA7:	+1.98%
Price / MA20:	-0%
Price / MA50:	-2.27%
Price / MA100:	-1.90%
Price / MAexp7:	+0.78%
Price / MAexp20:	+1.57%
Price / MAexp50:	+1.57%
Price / MAexp100:	+0.78%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on ABRDN ASIA-PACIFIC INC. FUND at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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