Meanwhile, 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”.
Price Performance Review of IBN
On Tuesday, ICICI Bank Ltd. ADR [NYSE:IBN] saw its stock jump 1.64% to $34.08. Over the last five days, the stock has gained 8.95%. ICICI Bank Ltd. ADR shares have risen nearly 14.13% since the year began. Nevertheless, the stocks have risen 34.01% over the past one year. While a 52-week high of $34.14 was reached on 04/21/25, a 52-week low of $25.12 was recorded on 01/21/25. SMA at 50 days reached $29.95, while 200 days put it at $29.62.
Levels Of Support And Resistance For IBN Stock
The 24-hour chart illustrates a support level at 33.78, which if violated will result in even more drops to 33.47. On the upside, there is a resistance level at 34.23. A further resistance level may holdings at 34.38. The Relative Strength Index (RSI) on the 14-day chart is 76.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.33%. Stochastics %K at 92.53% indicates the stock is a selling.
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 2025-03-31, dropping by -3.05 million shares to a total of 21.61 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 24.66 million shares. There was a decline of -14.12%, which implies that there is a negative sentiment for the stock.
