ICICI BANK LTD-SPON ADR (IBN)       20.11  -0.75 (-3.6%)

20.11  -0.75 (-3.6%)

US45104G1040 - ADR - After market: 20.2 +0.09 (+0.45%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to IBN. 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.



IBN has an average volume of 8091920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
IBN is part of the Banks industry. There are 331 other stocks in this industry, IBN did better than 46% of them.
IBN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
71% of all other stocks performed better in the past year than IBN.
In the last month IBN has a been trading in the 19.92 - 22.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -7.92% -9.98% -3.22% -4.33% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 29.42 16.36 - 23.75
IBN Weekly chart
IBN Daily chart

Support/Resistance Analysis


17.24

23.61
2 important support areas can be observed.
  • Support @18.65 from a trend line in the weekly time frame.
  • Support @17.41 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 21.20 to 22.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @23.00 from a horizontal line in the weekly time frame.
  • Resistance @23.38 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

1

The technical rating of IBN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


IBN Daily chart

ICICI BANK LTD-SPON ADR20.11

NYSE:IBN (1/27/2023, 7:14:13 PM)-0.75 (-3.6%)

After market: 20.2 +0.09 (+0.45%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today -3.6% 1 Week -6.55%
2 Weeks -5.98% 1 Month -7.92%
3 Month -9.98% 6 Month -3.22%

Volatility
ATR(14) 0.4 ATR(20)% 2%
ATR Inc 57.21% Range Today 0.44

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 29.42 Mansfield -0.27
10 Day High 21.79 10 Day Low 19.92
20 Day High 22.14 20 Day Low 19.92
52 Week High 23.75 52 Week Low 16.36
CS1 End 18.65 CR1 Start 21.2

Volume & EV
DER(3) -2.22% DER(5) 1.51%
Volume 13.25M Volume Incr 60.7%
Vol(5) 11.66M Vol(50) 8.09M

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