ICICI BANK LTD-SPON ADR (IBN)
US45104G1040 - ADR
Overall IBN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IBN did better than 71% of all other stocks. We also observe that the gains produced by IBN over the past year are nicely spread over this period.
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 25.82 - 27.80 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 4608900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IBN is an average performer in the Banks industry, it outperforms 59% of 411 stocks in the same industry.
IBN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.32
27.85
We found 5 important support areas.
- A support zone ranging from 26.18 to 26.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.33 to 25.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.89 from a trend line in the weekly time frame.
- Support @23.04 from a horizontal line in the daily time frame.
- Support @22.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.28 to 27.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.23
Mansfield-0.07
10 Day High27.55
10 Day Low26.7
20 Day High27.8
20 Day Low25.82
52 Week High27.8
52 Week Low21.89
Performance
1 Week1.57%
2 Weeks-0.48%
1 Month5.96%
3 Month9.98%
6 Month22.62%
12 Month18.36%
2 Year41.35%
3 Year51.08%
5 Year126.75%
10 Year201.3%
15 Year380.59%
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)59.33
LBB26.61
UBB27.73
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.58 | 26.69 | 0.89 (3.23%) | 25.00% |
| An entry @27.58. This is a Buy Stop order right above the resistance zone. | An exit @26.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.89 points, which is 3.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ICICI BANK LTD-SPON ADR
NYSE:IBN (5/17/2024, 7:05:12 PM)
After market: 27.21 0 (0%)27.21
+0.11 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.41%
1 Week1.57%
2 Weeks-0.48%
1 Month5.96%
3 Month9.98%
6 Month22.62%
12 Month18.36%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.26
ATR(20)%1.2%
ATR Inc
Range Today0.12
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High27.55
10 Day Low26.7
20 Day High27.8
20 Day Low25.82
52 Week High27.8
52 Week Low21.89
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.91M
Volume Incr-23.03%
Vol(5)3.06M
Vol(50)4.61M