India Fund Inc (The) Stock Forecast

India Fund Inc (The) stock price up 0.227% on Friday
(Updated on Apr 19, 2024)

IFN Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.513%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The India Fund Inc (The) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.40 and $19.88. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, November 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for India Fund Inc (The) stock

India Fund Inc (The) finds support from accumulated volume at $17.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.160 between high and low, or 0.91%. For the last week, the stock has had daily average volatility of 3.33%.

India Fund Inc (The) is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IFN) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect India Fund Inc (The) to open at $17.63, and during the day (based on 14 day Average True Range), to move between $17.21 and $18.07, which gives a possible trading interval of +/-$0.431 (+/-2.44%) up or down from last closing price. If India Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.60 (0.23%) than the resistance at $18.47 (4.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is India Fund Inc (The) stock A Buy?

India Fund Inc (The) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.307 Sell Candidate Unchanged

Predicted Opening Price for India Fund Inc (The) of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.