Technical Trend Overview and Price Movement
As of 2 February 2026, ICICI Lombard’s stock price closed at ₹1,845.00, up from the previous close of ₹1,819.95. The intraday range saw a low of ₹1,792.05 and a high matching the close at ₹1,845.00. The stock remains below its 52-week high of ₹2,074.85 but comfortably above the 52-week low of ₹1,612.65, indicating a moderate recovery from recent lows.
The technical trend has shifted from mildly bearish to sideways, signalling a potential pause in downward momentum. This transition is critical for investors seeking to understand whether the stock is consolidating before a possible breakout or preparing for further volatility.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart. This suggests that while short-term momentum is weak, longer-term trends are less negative but have yet to turn decisively bullish. The weekly bearish MACD indicates that selling pressure persists in the near term, but the mild bearishness monthly hints at a possible stabilisation phase.
Complementing this, the Know Sure Thing (KST) indicator aligns with the MACD, showing bearish signals weekly and mildly bearish monthly. This reinforces the notion that momentum remains subdued, though not decisively negative over the longer horizon.
RSI and Volatility Measures
The Relative Strength Index (RSI) on both weekly and monthly timeframes currently shows no clear signal, hovering in neutral territory. This lack of directional RSI momentum suggests that the stock is neither overbought nor oversold, consistent with the sideways trend observed in price action.
Bollinger Bands add further nuance: weekly readings are mildly bearish, indicating some downward pressure and potential volatility, while monthly bands are sideways, reflecting a consolidation phase without strong directional bias.
Moving Averages and Daily Trends
On a daily basis, moving averages have turned mildly bullish, signalling short-term strength. This is an encouraging sign for traders looking for entry points, as the stock price is currently above key moving averages, suggesting support levels are holding. However, this short-term bullishness must be weighed against the broader weekly and monthly bearish signals.
Volume and Dow Theory Analysis
On-Balance Volume (OBV) indicators show no clear trend on weekly or monthly charts, indicating that volume is not confirming price movements strongly in either direction. Similarly, Dow Theory analysis reveals no definitive trend on weekly or monthly timeframes, underscoring the current market indecision surrounding ICICI Lombard’s stock.
Just made the cut! This Mid Cap from the Heavy Electrical Equipment sector entered our elite Top 1% list recently. Discover it before the crowd catches on!
- - Top-rated across platform
- - Strong price momentum
- - Near-term growth potential
Comparative Performance: ICICI Lombard vs Sensex
Examining returns relative to the benchmark Sensex reveals a mixed performance profile. Over the past week, ICICI Lombard outperformed the Sensex with a 2.8% gain compared to the Sensex’s 1.0% decline. However, over the last month, the stock declined by 5.7%, slightly worse than the Sensex’s 4.67% drop. Year-to-date, ICICI Lombard’s return stands at -5.96%, marginally underperforming the Sensex’s -5.28%.
Longer-term returns show a more favourable picture for ICICI Lombard. Over three years, the stock has delivered a robust 62.9% gain, significantly outperforming the Sensex’s 35.67% rise. However, over five years, the stock’s 40.02% return trails the Sensex’s 74.40%, indicating some relative underperformance in that period. Ten-year data for ICICI Lombard is not available, but the Sensex has appreciated by 224.57% over the same timeframe.
Mojo Score and Rating Revision
MarketsMOJO currently assigns ICICI Lombard a Mojo Score of 55.0, reflecting a Hold rating. This represents a downgrade from a previous Buy rating as of 8 January 2026. The downgrade reflects the recent technical momentum shift and mixed indicator signals, suggesting investors should exercise caution and monitor developments closely.
The company’s Market Cap Grade stands at 2, indicating a mid-cap status with moderate liquidity and market presence within the insurance sector. This grading aligns with the stock’s current sideways technical trend and the need for more definitive directional cues before a stronger rating upgrade can be considered.
Sector Context and Outlook
Within the insurance sector, ICICI Lombard faces competitive pressures and regulatory challenges that may influence its stock performance. The sector’s overall momentum has been mixed, with some peers showing stronger technical signals. Investors should consider these sector dynamics alongside ICICI Lombard’s technical indicators when evaluating potential investment decisions.
Considering ICICI Lombard General Insurance Company Ltd? Wait! SwitchER has found potentially better options in Insurance and beyond. Compare this mid-cap with top-rated alternatives now!
- - Better options discovered
- - Insurance + beyond scope
- - Top-rated alternatives ready
Investor Takeaway and Strategic Considerations
ICICI Lombard’s current technical profile suggests a period of consolidation with cautious optimism. The mildly bullish daily moving averages provide short-term support, but the prevailing weekly and monthly bearish momentum indicators counsel prudence. Investors should watch for a decisive breakout above the 52-week high of ₹2,074.85 or a breakdown below recent support near ₹1,792 to confirm the next directional move.
Given the Hold rating and Mojo Score of 55.0, the stock may be suitable for investors with a moderate risk appetite who are comfortable with sideways price action and are seeking to accumulate on dips. However, those seeking stronger momentum or clearer bullish signals might consider alternative insurance stocks with more favourable technicals.
Monitoring volume trends and broader market sentiment will be crucial in the coming weeks, as these factors could influence the stock’s ability to break out of its current range. Additionally, any sector-specific developments or regulatory announcements could act as catalysts for renewed momentum.
Summary
In summary, ICICI Lombard General Insurance Company Ltd is navigating a complex technical landscape characterised by a shift from mild bearishness to sideways momentum. Mixed signals from MACD, RSI, Bollinger Bands, and moving averages highlight the need for careful analysis and patience. While short-term indicators show some bullish signs, the overall picture remains cautious, reflected in the recent downgrade to a Hold rating by MarketsMOJO. Investors should weigh these technical factors alongside fundamental and sector considerations before making investment decisions.
Unlock special upgrade rates for a limited period. Start Saving Now →
