ICICI BANK LTD-SPON ADR (IBN)
US45104G1040 - ADR
We assign a technical rating of 7 out of 10 to IBN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
IBN is part of the Banks industry. There are 404 other stocks in this industry, of which 61% are performing better than IBN.
In the last month IBN has a been trading in the 29.27 - 31.60 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that IBN is one of the better performing stocks in the market, outperforming 74% of all 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.
IBN has an average volume of 5598950 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
IBN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 29.77, a Stop Loss order could be placed below this zone.
More info and screens
25.31
31.69
5 important support areas can be observed.
- A support zone ranging from 29.17 to 29.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.30 from a horizontal line in the daily time frame.
- Support @27.58 from a horizontal line in the daily time frame.
- Support @27.11 from a trend line in the daily time frame.
- A support zone ranging from 25.57 to 26.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 31.38 to 31.38. 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
CRS74.83
Mansfield-0.2
10 Day High30.09
10 Day Low29.27
20 Day High31.6
20 Day Low29.27
52 Week High31.6
52 Week Low22.07
Performance
1 Week0.64%
2 Weeks-0.6%
1 Month0.85%
3 Month4.27%
6 Month9.15%
12 Month33.48%
2 Year25.72%
3 Year61.54%
5 Year111.64%
10 Year178.5%
15 Year340.89%
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)-0.07
RSI(14)48.57
LBB29.12
UBB30.84
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 |
|---|---|---|---|
| 30.10 | 29.26 | 0.84 (2.79%) | 25.00% |
| An entry @30.10. This is a Buy Stop order right above the 10 day high. | An exit @29.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.84 points, which is 2.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- 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 (11/21/2024, 8:04:00 PM)
After market: 29.8499 +0.03 (+0.1%)29.82
+0.09 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.3%
1 Week0.64%
2 Weeks-0.6%
1 Month0.85%
3 Month4.27%
6 Month9.15%
12 Month33.48%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.43
ATR(20)%1.73%
ATR Inc
Range Today0.27
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 High30.09
10 Day Low29.27
20 Day High31.6
20 Day Low29.27
52 Week High31.6
52 Week Low22.07
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.65M
Volume Incr-27.08%
Vol(5)3.71M
Vol(50)5.60M