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Uptrend ExhaustionArchive
- 4/19/2024 -
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The India Fund Inc. (IFN) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the The India Fund Inc. (IFN). During the week, the IFN dropped -1.76 points, or -9.07%, and closed at 17.64 on Friday, April 19, 2024. Weekly volume was 397% above average.
 Long-term trend: [See IFN long-term trend chart]
A long-term uptrend had started on March 28, 2023 at 14.40 and reached 21.23 on March 8, 2024. IFN gained -6.83 points, or -47.43%, in 49 weeks. The price is now at the 52.56% retracement level.
 Medium-term trend: [See IFN medium-term trend chart]
A medium-term downtrend had started on March 8, 2024 at 21.23 and reached 17.20 on April 17, 2024. IFN lost 4.03 points, or 18.98%, in 5 weeks. The price is now at the 10.92% retracement level.
 Weekly Technical Indicators: [See IFN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 10, 2024 at 19.75 and reached 17.20 on April 17, 2024. IFN lost 2.55 points, or 12.91%, in 7 days. The price is now at the 17.25% retracement level.
 Daily Technical Indicators: [See IFN daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (22.45%) is close to one year high (13.71%). It is 206.78% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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