Health Care

Investor Focus on Shares of ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Ltd (ICICIPRULI.BO) now has a 14-day Commodity Channel Index (CCI) of -118.34. The BSE listed company saw a recent bid of 372.55 and 13607 shares have traded hands in the session. Investors may also decide to do a little bit of both. Investors who are able to hone their analytical skills might be able to put themselves in a much better position to achieve success.

Defining specific goals and creating an overall stock trading strategy can be a big help for the individual investor. The amount of information floating around in today's investing climate is enormous.

Looking further at shares of ICICI Prudential Life Insurance Company Limited (ICICIPRULI.NS), we have seen that the Ultimate Oscillator reading is now below 40. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. ICICI Prudential Life Insurance Company Ltd (ICICIPRULI.BO)'s Williams Percent Range or 14 day Williams %R presently is at -95.78. A value between 0 to -20 would represent a strong overbought condition. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The ADX measures the strength or weakness of a particular trend. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI may be more volatile using a shorter period of time. The RSI operates in a range-bound area with values between 0 and 100. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. Alternately, if the indicator goes under -80, this may show the stock as being oversold. After a recent check, the 14-day RSI for ICICI Prudential Life Insurance Company Ltd is now at 32.47, the 7-day stands at 23.74, and the 3-day is sitting at 11.62.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for ICICI Prudential Life Insurance Company Limited (ICICIPRULI.NS) is sitting at -116.24. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. Moving averages may also function well as a tool for determining support and resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

ICICI Prudential Life Insurance Company Limited (ICICIPRULI.NS) now has a 50-day Moving Average of 404.71, the 200-day Moving Average is 406.16, and the 7-day is noted at 378.21. At the time of writing, the 14-day ADX for ICICI Prudential Life Insurance Company Ltd (ICICIPRULI.BO) is noted at 18.59. Investors on the wrong side of the market swing may have to consider what may be in store over the next few months.



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