ICICI BANK LTD-SPON ADR (IBN) Stock Technical Analysis
NYSE:IBN • US45104G1040
Taking everything into account, IBN scores 4 out of 10 in our technical rating. IBN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- IBN is one of the lesser performing stocks in the Banks industry. 64% of 379 stocks in the same industry do better.
- In the last month IBN has a been trading in the 29.14 - 31.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- IBN has an average volume of 6490290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, IBN outperforms 49% 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.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, IBN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 29.87, a Stop Loss order could be placed below this zone.
More info and screens
27.83
We found 3 important support areas.
- A support zone ranging from 29.87 to 29.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 29.15 to 29.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.11 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 30.53 to 31.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.87 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 | NEUTRAL | NEUTRAL | The short term trend for IBN is neutral. |
| ChartMill Relative Strength | 49.74 | 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 | POSITIVE | The current price of IBN is above the rising 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) | 48.63 | 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) | 34.03 | NEUTRAL | The Stochastics value for IBN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for IBN suggests low volalility. |
| Average Directional Index/ADX (14) | 11.3 | NEGATIVE | The low ADX value for IBN suggests a weak or negative trend. |
30.51
-0.24 (-0.78%)
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 48.6267. 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 neutral.
What is the support and resistance level for IBN stock?
ICICI BANK LTD-SPON ADR (IBN) has a support level at 29.87 and a resistance level at 30.53. Check the full technical report for our detailed analysis of IBN support and resistance levels.