In its most recent trading session, iShares S&P India Nifty 50 Index Fund (NASDAQ:INDY) dropped by -2.0% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To understand this better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.014, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.215, an Accumulation/Distribution Index (ADI) of 0.215, an On-Balance Volume (OBV) of 229.43, and a Chaiikin Money Flow (CMF) of 39.07. 0.599
Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:
So there you have it – our analysis of iShares S&P India Nifty 50 Index Fund (NASDAQ:INDY). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.