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Stock Trend Analysis Report

Prepared for you on Friday, December 1, 2023.

ICICI Bank Limited (NYSE:IBN)

Long-Term Downtrend (-90) - IBN is in a strong downtrend that is likely to continue. While IBN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid IBN?

MarketClub looks at technical strength and momentum to determine if the timing is right for IBN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low IBN Price Change
22.400 22.440 22.070 22.175 -0.205
Entry Signal

MarketClub’s Trade Triangles for IBN

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 22.61

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2023 at 23.04

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 22.11

Smart Scan Analysis for IBN

Based on our trend formula, IBN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for IBN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.400 22.440 22.070 22.175 -0.205
Prev. Close Volume Bid Ask Time
22.170 5834945 2023-11-30 15:59:44
Year High11.26Year High Date2018-01-23
Year Low7.61Year Low Date2018-07-16
52wk High24.852wk High Date2023-07-26
52wk Low19.3452wk Low Date2023-03-15
Year End Close43.61Average Volume5,417,567
Shares Outstanding605,000Short Interest3,677,834
% Institutional28.2Market Cap35,861M
P/E Ratio41.1397Beta1.52
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