ICICI Bank Limited (IBN) Stock Price Analysis:
After the giving short look at one day return of ICICI Bank Limited it is observed that IBN reported loss return of -1.03% in last trading session. It is a positive indicator for investor portfolio value — when the price of a stock Investor owns goes up in value. On the other side it is not a negative indicator for Investor portfolio value when the price of a stock Investor owns moves down in value.
Now we move forward to see the historical returns of ICICI Bank Limited which is India based stock. The stock is currently showing downward return of -4.52% throughout last week and witnessed bearish return of -1.37% in one month period. The stock price dipped -16.71% in three months and plunged -9.02% for the last six months trading period.
IBN indicated a yearly up return of 0.39% while year-to-date (YTD) return printed -10.89% decreasing outlook. The stock price moved -9.02% off its 50 Day low and changed 6.64% to its 50 Day high.
Moving average of ICICI Bank Limited (IBN)
ICICI Bank Limited (IBN) stock price traded at a gap of 0.03% from an average price of last twenty days and stands at a distance of -1.16% away from it’s an average price of recent fifty days. Take a look at most-well known 200-day moving average which averages prices over the past 200 days. The 200-day moving average is the standby for long-term investors. At present time the stock is moving -6.75% away to its 200-day moving average. It goes without saying that investors should not rely solely on any one technique. However, applying moving-average strategies in conjunction with portfolio diversification and prudent money management may reduce one’s risk substantially.
ICICI Bank Limited (IBN) closed the Thursday at final price of $8.67 after traded 3649314 shares. The average volume was noted at 7747.78K shares while its relative volume was seen at 0.36. Volume is a measure of how much of a given financial asset has been traded in a given period of time. It is a very powerful tool but is often overlooked because it is such a simple indicator. Volume information can be found just about anywhere, but few traders or investors know how to use this information to increase their profits and minimize risk.
When analyzing volume, there are guidelines that can be used to determine the strength or weakness of a move. Traders are more interested to join strong moves and take no part in moves that show weakness – or investors may even watch for an entry in the opposite direction of a weak move. These guidelines do not hold true in all situations, but they are a good general aid in trading decisions.
For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. This battle between buyers and sellers for the best price in all different time frames creates movement while longer-term technical and fundamental factors play out. Using volume to analyze stocks (or any financial asset) can bolster profits and also reduce risk.
Short Ratio of stock is 1.08. ICICI Bank Limited is a part of Financial sector and belongs to Money Center Banks industry. The recent session has given its stock price a 9.89% up lead over its 52-week low and showed negative move of -23.00% over its 52-week high.
The 52 week range is a simple technical indicator that lists the highest and lowest price at which a security was sold over preceding 52 weeks (or one year). Investors, especially technical analysts, may use the 52 week range to gauge whether a stock’s current price suggests buying, selling, or taking no-action. Many value investors look for stocks that are at or near their 52 week low, but this metric alone does not indicate whether a stock is under-valued. For example, a stock may near its 52 week low in a price correction after earnings expectations for future quarters were revised. There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher – it could break down to an even lower level. However, as 52 Week Range has little to no connection whatsoever with current news or forces affecting companies today, very few investors rely heavily on the metric. Instead, the 52 Week Range is generally used more as a descriptive metric to describe what the stock has done and not what it will do.
The stock price volatility remained at 1.56% in recent month and reaches at 1.38% for the week. Historical statistical volatility is a measure of how much the stock price fluctuated during a given time period. While historical volatility can be indicative of future volatility, it can also differ greatly from future volatility, depending on what was driving the price changes during the past period. Major expected news items are more important drivers of big moves in the stock price in the near future. The Average True Range (ATR) is also a measure of volatility is currently sitting at 0.18
ICICI Bank Limited (IBN) stock is more volatile Stock with beta figure of 1.95
ICICI Bank Limited stock waking on thin line between bulls and bears tracks and with several factors it’s pulling towards optimistic side to some extend but some take to pessimistic side. So, volatility evaluation is supposed to give some wisdom of how far the stock will fall if the market takes a dive and how high the stock will rise if the bull starts to climb. For this relative risk measurement, IBN has beta value of 1.95. A stock with a beta less than 1 is considered less volatile than the market; more than 1 means more volatile. If market is up, the stock should outperform by positive momentum and if the market heads lower, the stock should go down by same tendency.
Once the concept of beta is understood, an investor can intuitively determine whether or not a particular stock has a high or low beta. For example, an established blue chip company in a mature industry with stable earnings will most likely have a much lower beta compared to a start up Biotechnology Company.
ICICI Bank Limited (IBN) stock is Overbought or Oversold?
The stock has current RSI value of 46.06. Wilder believed that when prices rose very rapidly and therefore momentum was high enough, that the underlying financial instrument/commodity would have to eventually be considered overbought and a selling opportunity was possibly at hand. Likewise, when prices dropped rapidly and therefore momentum was low enough, the financial instrument would at some point be considered oversold presenting a possible buying opportunity.
There are set number ranges within RSI that Wilder consider useful and noteworthy in this regard. According to Wilder, any number above 70 should be considered overbought and any number below 30 should be considered oversold. An RSI between 30 and 70 was to be considered neutral and an RSI around 50 signified no trend. – Some traders believe that Wilder’s overbought/oversold ranges are too wide and choose to alter those ranges. For example, someone might consider any number above 80 as overbought and anything below 20 as undersold. This is entirely at the trader’s discretion.