While performing technical analysis of GICRE, RSI becomes one of the most important indicators to study stock momentum. Other indicators like, SMA and EMA are useful tools that traders can use to analyze overbought or oversold zones.
General Insurance Corporation of India is a Financial Services sector stock and is listed on both NSE and BSE under symbol NSE:GICRE. The company opened at 417.1 today, and closed the day at 421.1 marking a bullish candle.
The current RSI of GICRE is at 56.7 implies that the stock is not in overbought/oversold zone. 9 period SMA, a short term moving average which is used as a trend following indicator is above share price of General Insurance Corporation of India.
Also read - GICRE long term target analysis | GICRE analysis for tomorrow
GICRE’s Current and Past Week RSI Values
GICRE is trading at rs 421.1 per share with RSI value of 56.7. The RSI value has risen by 1.46 points since yesterday. This range shows that the stock is currently under bullish pressure.
In the past week, the average RSI was 58.86 which is higher than 50. This signals bullishness in the company’s share price. The stock has managed to stay above the level 50 for the past 5 day(s) showing consistently strengthening momentum.
RSI Chart and Updates of GICRE Shares
Latest RSI Updates:
- 2025-02-17: Momentum is weak, RSI approaching 40.
- 2025-03-03: Momentum is weak, RSI approaching 40.
- 2025-03-13: Relative strength decreases with RSI dropping under 50.
- 2025-03-19: RSI is approaching overbought level of 60.
- 2025-03-24: RSI is approaching overbought level of 60.
Short Term Analysis of GICRE’s RSI
Previous week, GICRE's RSI showed notable fluctuations, starting at 66.16 and closing at 56.7. There was a change of -9.46 points last week. In this week starting on 2025-03-24, General Insurance Corporation of India's RSI value changed by -11.11. Through this week, the Strength Index made a high of 66.16 and dipped to 55.24.
This shift indicates a decline in momentum when compared to last week's closing RSI of 56.7. The average RSI for the current week stands at 58.86, which increased from the previous week's average of 58.16.
Throughout the week, the RSI reached a high of 66.16 and a low of 55.24, illustrating the range of volatility in investor sentiment. This volatility is further underscored by the daily trends, where the RSI recorded 5 day(s) of rises and 0 day(s) of declines. Such movements provide insights into the short-term trading momentum and the overall trading behavior of GICRE.
GICRE’s Long Term Relative Strength Index Evaluation
In long term review of General Insurance Corporation of India, the monthly RSI data shows falling momentum with an average value of 52.48. If we compare previous month value to that of its previous three months, the stock has underperformed.
This data makes it clear that there is no significant shift in momentum in the stock in the longer term.
GICRE’s RSI and Price Correlation
While analysing momentum, it's important that we study General Insurance Corporation of India's price and RSI together. In the last 7 days, when the RSI of GICRE was gaining momentum its price was rising.
| Date | RSI | Price | Implication |
|---|---|---|---|
| 2025-03-20 | 57.66 | 409.5 | Neutral |
| 2025-03-21 | 67.81 | 445.35 | Bullish |
| 2025-03-24 | 66.16 | 441.9 | Neutral |
| 2025-03-25 | 59.6 | 427.35 | Bearish |
| 2025-03-26 | 56.61 | 420.15 | Bearish |
| 2025-03-27 | 55.24 | 416.85 | Bearish |
| 2025-03-28 | 56.7 | 421.1 | Bullish |
1. In the past 7 days, RSI and price moved in the same direction on 5 day(s), indicating consistent momentum.
2. The RSI remained within normal ranges, indicating no extreme overbought or oversold conditions in the past 7 days.
3. No significant divergences were detected, suggesting stable momentum without clear signals for trend reversal.
Is GICRE Overbought or Oversold?
RSI can be used to determine overbought and oversold zones. GICRE's Relative Strength value of 56.7 shows that the stock is not in overbought or oversold zone.
9 Day SMA Analysis
9SMA is a useful trend-following indicator that is helpful in identification of short term trend. Currently GICRE closed below its 9SMA value of 421.36.
Shares of General Insurance Corporation of India have consistently stayed below the 9SMA since last 2 day(s). It is therefore bearish in short term.
GICRE’s 14, 21 Exponential Moving Average and 100 Day Simple Moving Average
14-day EMA is an indicator that is sensitive to short-term price movements. Currently 14EMA is at 411.84. Another short term trend indicator is 21-day EMA, which is at Rs 406.84. Latest data show that the 14-day EMA is above the 21-day EMA. Therefore GICRE's momentum is increasing in short-term.
Long term trend indicator like 100-day SMA, closed at 409.05. When comparing GICRE's current price of Rs 421.1 to this average, being above it indicates upward trend in the market over a more longer period.
Short term momentum is bullish and the longer period trend is bullish. This means there is no disparity in price in both time frames.
Summary of GICRE’s Momentum
GICRE's current RSI of 56.7 indicates that the stock is bullish momentum. The 9-day SMA shows a bearish short-term trend, while the 14-day and 21-day EMAs suggest a strengthening momentum. Furthermore, the 100-day SMA reflects a upward long-term trend.
