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Stock analysis Indian Overseas Bank IOB

More indepth analysis on MunafaSutra.com

Moving Averages for Indian Overseas Bank

  • 5Day Average: 64.77
  • 12Day Average: 63.8
  • 20Day Average: 63.8
  • 50Day Average: 63.92
  • 100Day Average: 55.69
  • 150Day Average: 51.12
  • 200Day Average: 45.67

IOB Indicators & signals

Indicator MACD (12,26,9)

64.13, 63.4, 0.45
Indicator MACD is in positive zone

Indicator ADX (14)

23.2, 27.21, 16.96
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 66
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of IOB Indian Overseas Bank are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 66.75 66.35 to 68.40 -0.22% 2.06 times
25 Thu Apr 2024 66.90 62.85 to 67.45 5.77% 2.84 times
24 Wed Apr 2024 63.25 63.10 to 64.20 -0.16% 0.46 times
23 Tue Apr 2024 63.35 63.15 to 64.50 -0.39% 0.76 times
22 Mon Apr 2024 63.60 61.55 to 64.10 3.84% 0.95 times
19 Fri Apr 2024 61.25 59.55 to 62.00 -0.41% 0.87 times
18 Thu Apr 2024 61.50 61.15 to 63.95 -0.81% 0.95 times
16 Tue Apr 2024 62.00 61.00 to 63.30 0.4% 0.74 times
15 Mon Apr 2024 61.75 60.00 to 63.00 -3.74% 1.11 times
12 Fri Apr 2024 64.15 63.75 to 65.75 -2.36% 0.6 times
10 Wed Apr 2024 65.70 64.40 to 66.45 0.54% 0.72 times
09 Tue Apr 2024 65.35 64.30 to 66.15 0.31% 0.74 times

Technical analysis forecast of Indian Overseas Bank Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Indian Overseas Bank IOB at this time. Stock is rising and might rise more.

It appears as if Indian Overseas Bank IOB gave a large move recently.

Stock of Indian Overseas Bank (IOB) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Indian Overseas Bank is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Indian Overseas Bank stays above 66.2, but if it comes below 66.2, then a intra day sell could be more profitable.
If you take a sell trade below 66.2, then use 66.2 as stoploss and 63.66 as target. However if you take a buy trade in Indian Overseas Bank, then use 66.2 as stoploss and 69.3 as target.

More indepth analysis on MunafaSutra.com