ICICI Technical Analysis

ICICIMCAP -- India Stock  

INR 49.64  0.55  1.10%

Macroaxis technical analysis interface lets you check possible technical drivers of ICICI Prudential Midcap as well as the relationship between them. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for ICICI Prudential Midcap, which can be compared to its competitors. Please check out ICICI Prudential Midcap Treynor Ratio, and the relationship between Variance and Potential Upside to decide if ICICI Prudential is priced more or less accurately providing market reflects its last-minute price of 49.64 per share.

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ICICI Prudential Midcap Technical Analysis

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ICICI Prudential Midcap Trend Analysis

Use this graph to draw trend lines for ICICI Prudential Midcap. You can use it to identify possible trend reversals for ICICI Prudential as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ICICI Prudential price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

ICICI Prudential Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ICICI Prudential Midcap applied against its price change over selected period. The best fit line has a slop of   -0.38  which may suggest that ICICI Prudential Midcap market price will keep on failing further. It has 92 observation points and a regression sum of squares at 2311.38, which is the sum of squared deviations for the predicted ICICI Prudential price change compared to its average price change.

About ICICI Prudential Technical Analysis

The Macroaxis Technical Analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ICICI Prudential Midcap on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ICICI Prudential Midcap based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ICICI Prudential Midcap stock first instead of the macroeconomic environment surrounding ICICI Prudential Midcap. By analyzing ICICI Prudential's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ICICI Prudential's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ICICI Prudential specific price patterns or momentum indicators. Please read more on our technical analysis page.

ICICI Prudential May 30, 2020 Technical Indicators

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