ICICI BANK LTD-SPON ADR (IBN) Stock Technical Analysis
NYSE:IBN - US45104G1040 - ADR
32.72 USD
-0.61 (-1.83%)
32.7 USD
-0.02 (-0.06%)
Overall IBN gets a technical rating of 3 out of 10. In the last year, IBN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
IBN is part of the Banks industry. There are 393 other stocks in this industry, of which 70% are performing better than IBN.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
IBN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IBN is lagging the market slightly.
In the last month IBN has a been trading in the 32.19 - 34.12 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 4129340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IBN outperforms 48% of them, which is more or less in line with the market.
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
27.57
34.76
4 important support areas can be observed.
- A support zone ranging from 32.31 to 32.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @29.80 from a trend line in the weekly time frame.
- Support @28.85 from a trend line in the weekly time frame.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.86 to 33.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for IBN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBN is neutral. |
| ChartMill Relative Strength | 48.29 | NEUTRAL | IBN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of IBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.92 | NEUTRAL | The RSI value for IBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65 | NEUTRAL | The Stochastics value for IBN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for IBN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for IBN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
32.72
-0.61 (-1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.83%
1 Week-0.49%
2 Weeks-0.46%
1 Month-4.05%
3 Month-4.86%
6 Month16.19%
12 Month14.41%
2 Year41.22%
3 Year49.82%
5 Year204.66%
10 Year312.75%
15 Year335.63%
Volatility
ATR(14)0.32
ATR(20)%1.09%
ATR Inc45.73%
Range Today0.53
ADR(20)0.3
ADR(20)%0.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.29
Mansfield-0.41
10 Day High33.39
10 Day Low32.19
20 Day High34.12
20 Day Low32.19
52 Week High34.57
52 Week Low27.42
CS1 End32.55
CR1 Start32.86
Volume & EV
DER(3)-2.71%
DER(5)-2.28%
Volume5.69M
Volume Incr22.97%
Vol(5)4.85M
Vol(50)4.13M