While this happened, 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 Friday, ICICI Bank Ltd. ADR [NYSE:IBN] saw its stock fall -0.06% to $32.31. Over the last five days, the stock has lost -5.47%. ICICI Bank Ltd. ADR shares have risen nearly 8.20% since the year began. Nevertheless, the stocks have risen 19.14% over the past one year. While a 52-week high of $34.33 was reached on 05/05/25, a 52-week low of $25.12 was recorded on 01/21/25. SMA at 50 days reached $31.22, while 200 days put it at $29.89.
Levels Of Support And Resistance For IBN Stock
The 24-hour chart illustrates a support level at 32.12, which if violated will result in even more drops to 31.94. On the upside, there is a resistance level at 32.57. A further resistance level may holdings at 32.84. The Relative Strength Index (RSI) on the 14-day chart is 47.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.25%. Stochastics %K at 26.63% indicates the stock is a holding.
