ICICI BANK LTD-SPON ADR (IBN) Stock Technical Analysis
NYSE:IBN - New York Stock Exchange, Inc. - US45104G1040 - ADR - Currency: USD
Taking everything into account, IBN scores 4 out of 10 in our technical rating. IBN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
IBN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IBN is performing more or less in line with the market.
IBN has an average volume of 4384910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IBN outperforms 65% of them, which is more or less in line with the market.
IBN is part of the Banks industry. There are 393 other stocks in this industry, IBN did better than 66% of them.
In the last month IBN has a been trading in a tight range between 32.95 and 34.56.
IBN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 33.61, a Stop Loss order could be placed below this zone.
More info and screens
27.83
34.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.19 to 33.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.31 to 32.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.55 from a trend line in the weekly time frame.
- Support @28.11 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 33.65 to 34.42. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for IBN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBN is neutral. |
| ChartMill Relative Strength | 65.58 | 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 | MIXED | The current price of IBN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.08 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IBN has a negative trend. |
| Stochastics (14,3) | 36.95 | NEUTRAL | The Stochastics value for IBN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for IBN suggests low volalility. |
| Average Directional Index/ADX (14) | 12.65 | NEGATIVE | The low ADX value for IBN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
33.64
-0.06 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.18%
1 Week-1.35%
2 Weeks1.29%
1 Month-0.36%
3 Month-1.58%
6 Month17.34%
12 Month19.67%
2 Year45.19%
3 Year54.03%
5 Year213.22%
10 Year324.36%
15 Year347.88%
Volatility
ATR(14)0.41
ATR(20)%1.17%
ATR Inc-15.11%
Range Today0.19
ADR(20)0.3
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.58
Mansfield0.23
10 Day High34.57
10 Day Low33.22
20 Day High34.57
20 Day Low32.95
52 Week High34.57
52 Week Low27.26
CS1 End33.61
CR1 Start33.65
Volume & EV
DER(3)-1.78%
DER(5)-1.97%
Volume2.38M
Volume Incr2.71%
Vol(5)4.82M
Vol(50)4.38M