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 - Daily - Technical analysis published on 10/04/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 16.61 USD

My targets

17.93 USD (+3.96%)

22.35 USD (+29.58%)

My analysis

ABRDN ASIA-PACIFIC INC. FUND is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 16.61 USD. The next resistance located at 17.93 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 22.35 USD. After this resistance, buyers could then target 27.31 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.8

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 price is 17.25 USD. The price is lower by -0.35% since the last closing with the lowest point at 17.25 USD and the highest point at 17.42 USD. The deviation from the price is 0% for the low point and -0.98% for the high point.

17.25

17.42

17.25

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ABRDN ASIA-PACIFIC INC. FUND:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ABRDN ASIA-PACIFIC INC. FUND indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	5.43	6.88	16.61	17.25
Change (%)	-68.52%	-60.12%	-3.71%	-
Change	-11.82	-10.37	-0.64	-
Level	Minor	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.03	17.15	17.23	17.35	17.43	17.55	17.63
Camarilla	17.26	17.27	17.29	17.31	17.33	17.35	17.37
Woodie	17.01	17.14	17.21	17.34	17.41	17.54	17.61
Fibonacci	17.15	17.23	17.27	17.35	17.43	17.47	17.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.94	17.06	17.27	17.39	17.60	17.72	17.93
Camarilla	17.40	17.43	17.46	17.49	17.52	17.55	17.58
Woodie	17.00	17.08	17.33	17.41	17.66	17.74	17.99
Fibonacci	17.06	17.18	17.26	17.39	17.51	17.59	17.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-7.17	-2.21	7.59	12.55	22.35	27.31	37.11
Camarilla	13.34	14.69	16.05	17.40	18.75	20.11	21.46
Woodie	-4.74	-1.00	10.02	13.76	24.78	28.52	39.54
Fibonacci	-2.21	3.43	6.91	12.55	18.19	21.67	27.31

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	90.90
MACD (12,26,9):	2.6700
Directional Movement:	60.69
AROON (14):	64.29
DEMA (21):	19.10
Parabolic SAR (0,02-0,02-0,2):	15.03
Elder Ray (13):	0.71
Super Trend (3,10):	16.22
Zig ZAG (10):	17.31
VORTEX (21):	1.0600
Stochastique (14,3,5):	83.64
TEMA (21):	19.35
Williams %R (14):	-24.07
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	-1.2800
ROCnROLL:	1
TRIX (15,9):	4.8300
Courbe Coppock:	112.16

MA7:	17.38
MA20:	17.12
MA50:	8.50
MA100:	5.55
MAexp7:	17.31
MAexp20:	15.30
MAexp50:	10.69
MAexp100:	7.43
Price / MA7:	-0.75%
Price / MA20:	+0.76%
Price / MA50:	+102.94%
Price / MA100:	+210.81%
Price / MAexp7:	-0.35%
Price / MAexp20:	+12.75%
Price / MAexp50:	+61.37%
Price / MAexp100:	+132.17%

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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