The market has been high on ICICI Bank Ltd (IBN) stock recently. IBN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
ICICI Bank Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IBN!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With IBN Stock Today?
ICICI Bank Ltd (IBN) stock is lower by -2.32% while the S&P 500 is up 0.06% as of 3:14 PM on Thursday, Dec 1. IBN has fallen -$0.55 from the previous closing price of $23.72 on volume of 6,261,280 shares. Over the past year the S&P 500 is down -10.61% while IBN is up 25.51%. IBN earned $1.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.53.
To see InvestorsObserver's Sentiment Score for ICICI Bank Ltd click here.
More About ICICI Bank Ltd
ICICI Bank Ltd provides banking services. The company's operating segment include Retail Banking; Wholesale Banking; Treasury, Life insurance, and Other Banking Business. It generates maximum revenue from the Retail Banking segment. Retail Banking segment includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Treasury segment includes the entire investment and derivative portfolio of the Bank. Wholesale Banking segment includes all advances to trusts, partnership firms, companies, and statutory bodies.
Click Here to get the full Stock Report for ICICI Bank Ltd stock.