IBN Price Prediction Next Week
Technical Analysis Based on recent price action, IBN has formed a bearish pattern with RSI at 34.00 indicating oversold conditions. The stock is currently trading below its 20-day SMA of $29.04, suggesting short-term weakness.
Price Levels Analysis Key Fibonacci levels show:
- Resistance: $29.06 (R2)
- Support: $27.60 (S1)
- Current price: $28.22
The stock is trading between these levels, indicating a consolidation phase.
News Sentiment Recent news shows mixed sentiment:
- The stock entered oversold territory with RSI reading of 27.6
- ICICI Bank received a high rating of 77% from Validea's Growth Investor model
- Indian markets are expected to show recovery in H2 2025 according to analysts
Next Week Price Prediction Based on technical indicators and news sentiment:
Target Scenarios:
- Bullish Case (40% probability): $29.06 (R2 level)
- Base Case (45% probability): $27.60-$28.71 (trading range)
- Bearish Case (15% probability): $27.25 (S2 level)
Trading Recommendation SELL with target price of $27.60 (S1 level) for next week based on:
- Bearish momentum with RSI below 40
- Trading below key moving averages
- Recent break below support levels
- High volume on down days indicating selling pressure
Set stop loss at $29.06 (R2 level) to manage risk.
IBN Similar Chart Price Prediction
The price of IBN is predicted to go up 7.83%, based on the high correlation periods with AKAM. The similarity of these two price pattern on the periods is 98.54%.
IBN
AKAM
Up: 7.83%Similarity: 98.54%