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- 5/6/2022 -
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The India Fund Inc. (IFN)

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the The India Fund Inc. (IFN). During the week, the IFN dropped -0.29 points, or -1.61%, and closed at 17.67 on Friday, May 6, 2022. IFN was trading at average weekly trading volume.

Long-term trend: [See IFN long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 11.13 and reached 23.78 on September 15, 2021. IFN gained -12.65 points, or -113.66%, in 77 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (27.82) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IFN may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See IFN medium-term trend chart]
A medium-term downtrend had started on September 15, 2021 at 23.78 and reached 17.59 on May 6, 2022. IFN lost 6.19 points, or 26.03%, in 33 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.38 and resistance is at 21.57. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See IFN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since October 1, 2021. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See IFN short-term trend chart]
A short-term downtrend had started on April 4, 2022 at 20.13 and reached 17.59 on May 6, 2022. IFN lost 2.54 points, or 12.62%, in 32 days. Price is near the trend low.

Daily Technical Indicators: [See IFN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 11, 2022. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.71
Williams' Percentage Range (W%R) 89.10
Oversold
Lane's Stochastic (%D-Slow) 18.23
Oversold Bullish
Greed/Fear Indicator (GFI) 17.96
Oversold
Moving Average Converg./Diverg. (MACD) -0.32 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.11
Williams' Percentage Range (W%R) 94.80
Strong Oversold
Lane's Stochastic (%D-Slow) 28.76
Greed/Fear Indicator (GFI) 24.40
Moving Average Converg./Diverg. (MACD) -0.71 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 19.59
50 Day Moving Average 19.06
20 Day Moving Average 18.62
Parabolic System 18.25
Weekly Stochastic Crossing 18.14
Daily Stochastic Crossing 17.73
Price 17.67
Lower Bollinger Band 17.48
Quarterly Trendline Support 16.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 18.46
High Date 05/03/2022
Low 17.59
Low Date 05/06/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.13
High Date 04/04/2022
Low 17.59
Low Date 05/06/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.21
High Date 03/18/2022
Low 17.59
Low Date 05/06/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 21.57
Support 16.38
High 23.78
High Date 09/15/2021
Low 17.59
Low Date 05/06/2022
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 25.77
Support 27.82
Low 11.13
Low Date 03/23/2020
High 23.78
High Date 09/15/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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