ICICI BANK LTD-SPON ADR (IBN) Stock Technical Analysis
USA - NYSE:IBN - US45104G1040 - ADR
32.07 USD
+0.09 (+0.28%)
32.08 USD
+0.01 (+0.03%)
Overall IBN gets a technical rating of 1 out of 10. IBN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
IBN is one of the lesser performing stocks in the Banks industry. 75% of 392 stocks in the same industry do better.
IBN has an average volume of 4240870 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 43% of them, which is more or less in line with the market.
IBN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IBN is lagging the market.
In the last month IBN has a been trading in the 31.26 - 33.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, IBN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.19. Right above this resistance zone may be a good entry point.
More info and screens
27.27
34.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.79 to 31.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @30.04 from a trend line in the weekly time frame.
- Support @29.12 from a trend line in the weekly time frame.
- A support zone ranging from 27.55 to 28.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 32.19 to 33.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.08 to 34.42. 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 | 43.22 | 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) | UP | POSITIVE | The current price of IBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.55 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IBN has a positive trend. |
| Stochastics (14,3) | 37.25 | NEUTRAL | The Stochastics value for IBN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for IBN suggests low volalility. |
| Average Directional Index/ADX (14) | 31.83 | POSITIVE | The high ADX value value for IBN suggests a strong 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)
32.07
+0.09 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.28%
1 Week1.26%
2 Weeks1.04%
1 Month-1.69%
3 Month-3.05%
6 Month9.49%
12 Month8.27%
2 Year38.71%
3 Year52.93%
5 Year226.25%
10 Year320.97%
15 Year253.83%
Volatility
ATR(14)0.32
ATR(20)%1.03%
ATR Inc-5.83%
Range Today0.14
ADR(20)0.3
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.22
Mansfield-0.74
10 Day High32.1
10 Day Low31.26
20 Day High33.39
20 Day Low31.26
52 Week High34.57
52 Week Low27.42
CS1 End31.8
CR1 Start32.19
Volume & EV
DER(3)-0.66%
DER(5)-2.6%
Volume3.08M
Volume Incr19.07%
Vol(5)4.64M
Vol(50)4.24M