ICICI BANK LTD-SPON ADR (IBN) Technical Analysis
NYSE:IBN • US45104G1040
Current stock price
IBN Technical Rating and Analysis
Overall IBN gets a technical rating of 2 out of 10. In the past year, IBN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 82% of all other stocks performed better in the past year than IBN.
- IBN is part of the Banks industry. There are 377 other stocks in this industry, of which 92% are performing better than IBN.
- In the last month IBN has a been trading in the 25.08 - 28.26 range, which is quite wide. It is currently trading near the high of this range.
- IBN has an average volume of 5984960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
IBN Weekly and Daily overview Charts
IBN Setup Rating and Analysis
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
IBN Support and Resistance Analysis
27.76
2 important resistance areas can be observed.
- A resistance zone ranging from 30.05 to 30.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 31.14 to 31.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
IBN Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for IBN is up. |
| ChartMill Relative Strength | 18.51 | NEGATIVE | IBN has a low relative strength, it was outperformed by 81.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBN is above the rising 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) | 58.13 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests IBN has a positive trend. |
| Stochastics (14,3) | 88.13 | OVERBOUGHT | The high Stochastics value suggests IBN may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for IBN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for IBN suggests a strong trend. |
IBN Chart- and CandleStick Pattern Analysis
IBN Technicals: Chart, Performance Metrics, Trend & Indicators
28.04
+0.31 (+1.12%)
ICICI BANK LTD-SPON ADR / IBN TA FAQ
What is the ChartMill technical rating of ICICI BANK LTD-SPON ADR (IBN) stock?
ChartMill assigns a technical rating of 2 / 10 to IBN.
What is the trend direction for IBN stock?
The current trend direction for ICICI BANK LTD-SPON ADR (IBN) is Bearish.
What is the RSI signal for IBN stock?
ICICI BANK LTD-SPON ADR (IBN) has an RSI value of 58.1298. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ICICI BANK LTD-SPON ADR?
The MACD indicator for ICICI BANK LTD-SPON ADR (IBN) has a value of 0.389895, indicating a bearish trend.
What is the buy/sell signal for ICICI BANK LTD-SPON ADR (IBN) stock?
The buy/sell signal for ICICI BANK LTD-SPON ADR (IBN) is hold as the short term and long term trends are mixed.