ICICI BANK LTD-SPON ADR (IBN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IBN - US45104G1040 - ADR
Overall IBN gets a technical rating of 4 out of 10. In the past year, IBN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
IBN has an average technical rating and the quality of the presented setup is also not ideal 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.
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27.83
2 important support areas can be observed.
- A support zone ranging from 29.64 to 30.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @31.57 from a trend line in the daily time frame.
- A resistance zone ranging from 32.11 to 32.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.33 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for IBN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IBN is up. |
| ChartMill Relative Strength | 46.42 | NEUTRAL | IBN is not amongst the best or worst performers 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 | MIXED | The current price of IBN is above 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) | 54.04 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests IBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.46 | NEUTRAL | The Stochastics value for IBN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for IBN suggests low volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for IBN suggests a possible start of a new trend. |
30.66
-0.66 (-2.11%)
ICICI BANK LTD-SPON ADR / IBN FAQ
What is the ChartMill technical rating of ICICI BANK LTD-SPON ADR (IBN) stock?
ChartMill assigns a technical rating of 4 / 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 54.041. 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 positive.
What is the support and resistance level for IBN stock?
ICICI BANK LTD-SPON ADR (IBN) has a support level at 30.48 and a resistance level at 31.57. Check the full technical report for our detailed analysis of IBN support and resistance levels.