Taking this into account, Bernstein upgraded its ICICI Bank Ltd. ADR [IBN] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Jefferies also remained covering IBN and has increased its forecast on October 30, 2017 with a “Buy” recommendation from previously “Hold” rating. Macquarie revised its rating on March 20, 2017. It rated IBN as “an Outperform” which previously was an “a Neutral”.
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Price Performance Review of IBN
On Tuesday, ICICI Bank Ltd. ADR [NYSE:IBN] saw its stock jump 0.07% to $29.87. Over the last five days, the stock has lost -4.42%. ICICI Bank Ltd. ADR shares have risen nearly 25.29% since the year began. Nevertheless, the stocks have risen 29.20% over the past one year. While a 52-week high of $31.60 was reached on 09/20/24, a 52-week low of $21.89 was recorded on 01/17/24. SMA at 50 days reached $29.09, while 200 days put it at $26.85.
Levels Of Support And Resistance For IBN Stock
The 24-hour chart illustrates a support level at 29.69, which if violated will result in even more drops to 29.51. On the upside, there is a resistance level at 30.07. A further resistance level may holdings at 30.27. The Relative Strength Index (RSI) on the 14-day chart is 49.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.00%. Stochastics %K at 40.48% indicates the stock is a holding.
How much short interest is there in ICICI Bank Ltd. ADR?
A steep rise in short interest was recorded in ICICI Bank Ltd. ADR stocks on 2024-09-13, growing by 1.75 million shares to a total of 28.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 26.24 million shares. There was a rise of 6.26%, which implies that there is a positive sentiment for the stock.