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Archive
- 3/21/2025 -
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The India Fund Inc. (IFN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 4 consecutive negative weeks for the The India Fund Inc. (IFN). During the week, the IFN gained 1.00 points, or 6.72%, and closed at 15.88 on Friday, March 21, 2025. Weekly volume was -22% below average.
 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 Symmetric Triangle chart pattern. The uptrend support line (16.54) is broken. A broken support is considered to be a long-term bearish signal. 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 26, 2024 at 19.25 and reached 14.17 on March 4, 2025. IFN lost 5.08 points, or 26.39%, in 22 weeks. The price is now at the 33.66% retracement level.
 Weekly Technical Indicators: [See IFN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 4, 2025 at 14.17 and reached 15.94 on March 21, 2025. IFN gained -1.77 points, or -12.49%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See IFN daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since March 11, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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