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 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, IBN is a bad performer in the overall market: 80% of all stocks are doing better.
- IBN is part of the Banks industry. There are 380 other stocks in this industry, of which 92% are performing better than IBN.
- IBN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IBN is lagging the market.
- In the last month IBN has a been trading in the 26.05 - 31.22 range, which is quite wide. It is currently trading near the lows of this range.
- IBN has an average volume of 6851640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IBN Weekly and Daily overview Charts
IBN Setup Rating and Analysis
IBN has a poor technical rating and the quality of the setup is also only medium 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
25.82
When analyzing the support we notice one important area.
- A support zone ranging from 26.08 to 26.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @27.42 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.60 to 29.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 30.39 to 30.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 31.23 to 31.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.87 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for IBN is down. |
| ChartMill Relative Strength | 20.01 | NEGATIVE | IBN has a low relative strength, it was outperformed by 79.99% off all stocks 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) | 32.12 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests IBN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.7 | OVERSOLD | The low Stochastics value suggests IBN may be oversold. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for IBN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.22 | 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
26.45
+0.37 (+1.42%)
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 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 32.1227. 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 26.08 and a resistance level at 27.42. Check the full technical report for our detailed analysis of IBN support and resistance levels.