Score 8.8 (out of 10): ICICI BANK LTD-SPON ADR poised to rally +12.2% rally in 1 month


What’s Going On Here?

ICICI’s business is going well and the bank is confident that its recent increases in credit card fees will not hurt business.

Why Now?

ICICI BANK LTD-SPON ADR has reached a new shorter-term low. Previously, during similar occasions, ICICI BANK LTD-SPON ADR shares had a median return of +12.2%, over the following 1 month based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for ICICI BANK LTD-SPON ADR received a high score of 8.8 (out of 10). This insight was generated on 2022-February-11 with last price of 20.67.

What’s This Company About?

ICICI BANK LTD-SPON ADR is in the Commer Banks Non-US business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: ICICIBC IN.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 23.19 (+12.2%) has been reached. Based on ICICI BANK LTD-SPON ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 20.07 (last price at 20.67), which is equivalent to a -2.9% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

12.2% (September-2021), 0.6% (June-2021), 16% (January-2021), 18% (September-2020), 12.2% (May-2020), 2.2% (January-2020), -4% (July-2019), 8.9% (May-2019), 19.1% (February-2019), 16.4% (December-2018).

Historical Chart:



Star (1 to 10)8.8
Time1 month
Hit Rate90%

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