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 387.3 today, and closed the day at 385.25 marking a bearish candle.
The current RSI of GICRE is at 45.02 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 below 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 385.25 per share with RSI value of 45.02. The RSI value has fallen by 0.63 points since yesterday. This range shows that the stock is currently under bearish pressure.
In the past week, the average RSI was 42.69 which is lower than 50. This signals bearishness in the company’s share price. The stock has managed to stay below the level 50 for the past 5 day(s) showing consistently weakening momentum.
RSI Chart and Updates of GICRE Shares
Latest RSI Updates:
- 2025-01-28: Relative strength near oversold zone at 40.
- 2025-02-06: Relative strength decreases with RSI dropping under 50.
- 2025-02-07: RSI has risen above 50, indicating bullish momentum.
- 2025-02-12: Relative strength near oversold zone at 40.
- 2025-02-17: Relative strength near oversold zone at 40.
Short Term Analysis of GICRE’s RSI
Previous week, GICRE's RSI showed notable fluctuations, starting at 36.0904 and closing at 45.0202. There was a change of 8.93 points last week. In this week starting on 2025-02-17, General Insurance Corporation of India's RSI value changed by 7.17. Through this week, the Strength Index made a high of 45.6486 and dipped to 36.0904.
This shift indicates a rise in momentum when compared to last week's closing RSI of 45.0202. The average RSI for the current week stands at 42.69, which increased from the previous week's average of 40.71.
Throughout the week, the RSI reached a high of 45.6486 and a low of 36.0904, illustrating the range of volatility in investor sentiment. This volatility is further underscored by the daily trends, where the RSI recorded 0 day(s) of rises and 5 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 43.28. 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 a shift in momentum in the stock from bullish to bearish 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 |
|---|---|---|---|
| 2025-02-13 | 42.25 | 386.65 | Neutral |
| 2025-02-14 | 37.85 | 369.1 | Bearish |
| 2025-02-17 | 36.09 | 361.5 | Neutral |
| 2025-02-18 | 42.32 | 377.95 | Bullish |
| 2025-02-19 | 44.35 | 383.65 | Bullish |
| 2025-02-20 | 45.65 | 387.25 | Bullish |
| 2025-02-21 | 45.02 | 385.25 | Bearish |
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 45.02 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 above its 9SMA value of 378.88.
Shares of General Insurance Corporation of India have consistently stayed above the 9SMA since last 2 day(s). It is therefore bullish 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 388.43. Another short term trend indicator is 21-day EMA, which is at Rs 394.45. Latest data show that the 14-day EMA is below the 21-day EMA. Therefore GICRE's momentum is decreasing in short-term.
Long term trend indicator like 100-day SMA, closed at 403.98. When comparing GICRE's current price of Rs 385.25 to this average, being below it indicates downward trend in the market over a more longer period.
Short term momentum is bearish and the longer period trend is bearish. This means there is no disparity in price in both time frames.
Summary of GICRE’s Momentum
GICRE's current RSI of 45.02 indicates that the stock is bearish momentum. The 9-day SMA shows a bullish short-term trend, while the 14-day and 21-day EMAs suggest a weakening momentum. Furthermore, the 100-day SMA reflects a downward long-term trend.
