Technical Analysis for IAF - Aberdeen Australia Equity Fund Inc

Grade Last Price % Change Price Change
grade B 4.78 -0.16% -0.01
IAF closed down 0.16 percent on Wednesday, August 12, 2020, on 2.69 times normal volume. It was able to find support at its 50 day moving average. It was able to bounce off of its 200 day moving average, an important long-term support line. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical IAF trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Stochastic Sell Signal Bearish -0.16%
MACD Bullish Signal Line Cross Bullish -0.16%
Pocket Pivot Bullish Swing Setup -0.16%

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Profile

Aberdeen Australia Equity Fund Inc. is a closed-ended equity mutual fund launched by Aberdeen Asset Management Asia Limited. The fund is managed by Aberdeen Asset Management Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified industries including metals and minerals, natural resources, construction, electronics, food, appliances and household goods, transport, tourism, media, and financial institutions. It considers factors such as growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and government regulation for selecting individual securities. The fund benchmarks the performance of its portfolio against the S&P/ASX 200. Aberdeen Australia Equity Fund Inc. was formed in December 19, 1985 and is domiciled in New Jersey.
Exchange Traded Fund ETF Food Electronics S&P 500 Index CBOE Asset Management Investment Companies S&P/Asx 200 Metals Minerals Australian Securities Exchange Ospraie Management Asset Management In Malaysia

Is IAF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.62
52 Week Low 2.99
Average Volume 44,143
200-Day Moving Average 4.74
50-Day Moving Average 4.59
20-Day Moving Average 4.70
10-Day Moving Average 4.73
Average True Range 0.10
ADX 16.19
+DI 21.91
-DI 38.59
Chandelier Exit (Long, 3 ATRs ) 4.54
Chandelier Exit (Short, 3 ATRs ) 4.70
Upper Bollinger Band 4.83
Lower Bollinger Band 4.56
Percent B (%b) 0.8
BandWidth 5.73
MACD Line 0.06
MACD Signal Line 0.06
MACD Histogram 0.0007
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.40
Resistance 3 (R3) 5.34 5.07 5.29
Resistance 2 (R2) 5.07 4.92 5.10 5.26
Resistance 1 (R1) 4.93 4.82 5.00 4.99 5.22
Pivot Point 4.66 4.66 4.70 4.69 4.66
Support 1 (S1) 4.52 4.51 4.59 4.58 4.34
Support 2 (S2) 4.25 4.41 4.28 4.30
Support 3 (S3) 4.11 4.25 4.27
Support 4 (S4) 4.17