ICICI BANK LTD-SPON ADR (IBN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IBN - US45104G1040 - ADR
Overall IBN gets a technical rating of 0 out of 10. IBN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 66% of all other stocks performed better in the past year than IBN.
- IBN is one of the lesser performing stocks in the Banks industry. 84% of 383 stocks in the same industry do better.
- IBN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month IBN has a been trading in the 28.82 - 31.77 range, which is quite wide. It is currently trading near the lows of this range.
- IBN has an average volume of 5942980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
The technical rating of IBN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
27.83
2 important support areas can be observed.
- A support zone ranging from 29.14 to 29.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 29.87 to 30.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.23 to 31.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 31.97 to 32.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.94 to 33.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for IBN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBN is down. |
| ChartMill Relative Strength | 34.08 | NEUTRAL | IBN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.87 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests IBN has a negative trend. |
| Stochastics (14,3) | 9.47 | OVERSOLD | The low Stochastics value suggests IBN may be oversold. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for IBN suggests low volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for IBN suggests a possible start of a new trend. |
29.15
-0.01 (-0.03%)
ICICI BANK LTD-SPON ADR / IBN FAQ
What is the ChartMill technical rating of ICICI BANK LTD-SPON ADR (IBN) stock?
ChartMill assigns a technical rating of 0 / 10 to IBN.
What is the current trend direction of ICICI BANK LTD-SPON ADR (IBN) stock?
The current trend direction for ICICI BANK LTD-SPON ADR (IBN) is Bearish.
Can you provide the RSI signal for ICICI BANK LTD-SPON ADR?
ICICI BANK LTD-SPON ADR (IBN) has an RSI value of 33.872. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ICICI BANK LTD-SPON ADR?
The short term momentum for ICICI BANK LTD-SPON ADR (IBN) is negative.
What is the support and resistance level for IBN stock?
ICICI BANK LTD-SPON ADR (IBN) has a support level at 29.14 and a resistance level at 29.87. Check the full technical report for our detailed analysis of IBN support and resistance levels.