ICICI Bank Technical Analysis (NYSE:IBN)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ICICI Bank stock price data and volume are plotted in IBN stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for ICICI Bank. The technical analysis form of ICICI Bank stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
ICICI Bank Moving Average
Moving averages show the average price of IBN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $8.04 is above the last closing price of $7.89 and the 50 day moving average of $8.39 is above the last closing price of $7.89. The 10 and 20 day periods can predict short term moving average trends.
ICICI Bank Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the IBN stock. ICICI Bank bollinger bands show that the stock price is $7.89, upper band is 8.55, lower band is 7.52, and the average is 8.04.
ICICI Bank Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The ICICI Bank MACD indicator can be used to identify bullish and bearish trends for the stock.
ICICI Bank Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of IBN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.