ICICI BANK LTD-SPON ADR (IBN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IBN - US45104G1040 - ADR
Taking everything into account, IBN scores 2 out of 10 in our technical rating. 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.
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 support zone below the current price at 30.16, a Stop Loss order could be placed below this zone.
More info and screens
27.57
We found 2 important support areas.
- A support zone ranging from 29.74 to 30.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.85 to 28.11. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 30.69 to 31.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.07 to 32.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 34.40 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 | 32.74 | NEUTRAL | IBN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IBN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IBN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IBN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.49 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests IBN has a negative trend. |
| Stochastics (14,3) | 16.79 | OVERSOLD | The low Stochastics value suggests IBN may be oversold. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for IBN suggests low volalility. |
| Average Directional Index/ADX (14) | 10.65 | NEGATIVE | The low ADX value for IBN suggests a weak or negative trend. |
30.37
+0.01 (+0.03%)
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 2 / 10 to IBN.
Can you provide the trend direction for ICICI BANK LTD-SPON ADR?
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 42.4918. This indicates that the stock is currently neutral.
What is the MACD signal for ICICI BANK LTD-SPON ADR (IBN) stock?
The MACD indicator for ICICI BANK LTD-SPON ADR (IBN) has a value of -0.0361762, indicating a bearish trend.
What is the short term momentum for IBN stock?
The short term momentum for ICICI BANK LTD-SPON ADR (IBN) is negative.