ABRDN ASIA-PACIFIC INC. FUND - 1H - Technical analysis published on 10/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 16.67 USD
My targets
12.42 USD (-24.34%)
7.53 USD (-54.16%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ABRDN ASIA-PACIFIC INC. FUND as long as the price remains well below 16.67 USD. The sellers' bearish objective is set at 12.42 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.53 USD. In case of crossing, the next objective would be the support located at 6.81 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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Additional analysis
Quotes
The ABRDN ASIA-PACIFIC INC. FUND rating is 16.42 USD. On the day, this instrument gained +0.74% and was traded between 16.24 USD and 16.43 USD over the period. The price is currently at +1.11% from its lowest and -0.06% from its highest.16.24
16.43
16.42
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ABRDN ASIA-PACIFIC INC. FUND indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.91 | 5.38 | 6.81 | 16.42 | 16.67 | 16.85 | 17.10 |
| Change (%) | -76.19% | -67.24% | -58.53% | - | +1.52% | +2.62% | +4.14% |
| Change | -12.51 | -11.04 | -9.61 | - | +0.25 | +0.43 | +0.68 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Minor |
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 | 15.99 | 16.15 | 16.22 | 16.38 | 16.45 | 16.61 | 16.68 |
| Camarilla | 16.24 | 16.26 | 16.28 | 16.30 | 16.32 | 16.34 | 16.36 |
| Woodie | 15.96 | 16.13 | 16.19 | 16.36 | 16.42 | 16.59 | 16.65 |
| Fibonacci | 16.15 | 16.24 | 16.29 | 16.38 | 16.47 | 16.52 | 16.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.47 | 16.57 | 16.65 | 16.75 | 16.83 | 16.93 | 17.01 |
| Camarilla | 16.68 | 16.70 | 16.71 | 16.73 | 16.75 | 16.76 | 16.78 |
| Woodie | 16.46 | 16.57 | 16.64 | 16.75 | 16.82 | 16.93 | 17.00 |
| Fibonacci | 16.57 | 16.64 | 16.68 | 16.75 | 16.82 | 16.86 | 16.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -7.07 | -2.18 | 7.53 | 12.42 | 22.13 | 27.02 | 36.73 |
| Camarilla | 13.22 | 14.55 | 15.89 | 17.23 | 18.57 | 19.91 | 21.25 |
| Woodie | -4.67 | -0.98 | 9.93 | 13.63 | 24.53 | 28.23 | 39.13 |
| Fibonacci | -2.18 | 3.40 | 6.85 | 12.42 | 18.00 | 21.45 | 27.02 |
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): | 37.67 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -19.51 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 16.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.25 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 16.53 | |
| Zig ZAG (10): | 16.38 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 41.11 | |
| TEMA (21): | 16.31 | |
| Williams %R (14): | -58.08 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.45 |
| MA7: | 16.60 | |
| MA20: | 16.75 | |
| MA50: | 13.46 | |
| MA100: | 8.05 | |
| MAexp7: | 16.38 | |
| MAexp20: | 16.46 | |
| MAexp50: | 16.59 | |
| MAexp100: | 16.69 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | -1.97% | |
| Price / MA50: | +21.99% | |
| Price / MA100: | +103.98% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -1.02% | |
| Price / MAexp100: | -1.62% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on ABRDN ASIA-PACIFIC INC. FUND at the time of the generation of this analysis was as follows:
- Aberdeen Standard Investments Inc. Announces Director Appointment and Director Resignation for US Funds
- Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment Of Monthly Distribution
- Aberdeen Asia-Pacific Income Fund, Inc. Announces Performance Data And Portfolio Composition
- Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date And Payment Date For Monthly Distribution
- Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment Of Monthly Distribution
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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