ICICI Bank Limited Stock Forecast

Buy or Hold candidate since Mar 11, 2025 Gain 7.43%

The ICICI Bank Limited stock price gained 0.0653% on the last trading day (Thursday, 20th Mar 2025), rising from $30.62 to $30.64. It has now gained 9 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.89% from a day low at $30.49 to a day high of $30.77. The price has risen in 9 of the last 10 days and is up by 9.74% over the past 2 weeks. Volume fell on the last day by -674 thousand shares and in total, 5 million shares were bought and sold for approximately $155.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -2.26% during the next 3 months and, with a 90% probability hold a price between $26.45 and $29.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

IBN Signals & Forecast

Mostly positive signals in the chart today. The ICICI Bank Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.81 and $28.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 22, 2025, and so far it has risen 11.22%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, February 11, 2025 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for ICICI Bank Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $28.09 and $27.62. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ICICI Bank Limited finds support just below today's level at $28.09. If this is broken, then the next support from accumulated volume will be at $27.62 and $27.55.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.272 between high and low, or 0.89%. For the last week, the stock has had daily average volatility of 1.22%.

The ICICI Bank Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the ICICI Bank Limited has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $29.79 (-2.78%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (IBN) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect ICICI Bank Limited to open at $30.63, and during the day (based on 14 day Average True Range), to move between $30.21 and $31.07, which gives a possible trading interval of +/-$0.428 (+/-1.40%) up or down from last closing price. If ICICI Bank Limited takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $28.09, some $2.55 (8.32%) from the current price of $30.64, our system finds the risk reward attractive.

Is ICICI Bank Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.379 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on March 21, 2025 - $30.63 ( 0.0239%).