ICICI BANK LTD-SPON ADR (IBN)

US45104G1040 - ADR

26.19  -0.1 (-0.38%)

After market: 26.2 +0.01 (+0.04%)

Technical Rating and Analysis

8

Overall IBN gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBN is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, IBN did better than 74% of all other stocks.
IBN is part of the Banks industry. There are 411 other stocks in this industry. IBN outperforms 80% of them.
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 5253680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month IBN has a been trading in a tight range between 25.27 and 26.75.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
IBN Weekly chart
IBN Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, IBN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.96, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IBN in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

22.32

26.89

We found 4 important support areas.

  • A support zone ranging from 25.12 to 25.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @23.80 from a trend line in the weekly time frame.
  • Support @23.04 from a horizontal line in the daily time frame.
  • Support @22.55 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 26.48 to 26.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.08
Mansfield-0.02
10 Day High26.47
10 Day Low25.27
20 Day High26.75
20 Day Low25.27
52 Week High26.75
52 Week Low21.89
Performance
1 Week2.18%
2 Weeks-0.91%
1 Month1.12%
3 Month8.54%
6 Month18.56%
12 Month15.12%
2 Year37.55%
3 Year60.67%
5 Year128.73%
10 Year237.58%
15 Year598.23%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)55.05
LBB25.24
UBB26.74
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
26.6325.261.38 (5.16%)19.37%
An entry @26.63. This is a Buy Stop order right above the resistance zone.An exit @25.25. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.38 points, which is 5.16%.When investing 19.37% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
IBN Daily chart

ICICI BANK LTD-SPON ADR

NYSE:IBN (4/24/2024, 7:08:49 PM)

After market: 26.2 +0.01 (+0.04%)

26.19

-0.1 (-0.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.38%
1 Week2.18%
2 Weeks-0.91%
1 Month1.12%
3 Month8.54%
6 Month18.56%
12 Month15.12%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.36
ATR(20)%1.41%
ATR Inc
Range Today0.3
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High26.47
10 Day Low25.27
20 Day High26.75
20 Day Low25.27
52 Week High26.75
52 Week Low21.89
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.59M
Volume Incr-41.27%
Vol(5)3.25M
Vol(50)5.25M