FIRST MERCHANTS CORP (FRME)

US3208171096 - Common Stock

34.69  +0.3 (+0.87%)

After market: 34.69 0 (0%)

Technical Rating and Analysis

6

Overall FRME gets a technical rating of 6 out of 10. In the last year, FRME was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

When comparing the yearly performance of all stocks, we notice that FRME is one of the better performing stocks in the market, outperforming 79% of all stocks.
FRME is one of the better performing stocks in the Banks industry, it outperforms 72% of 412 stocks in the same industry.
FRME is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FRME is performing more or less in line with the market.
In the last month FRME has a been trading in the 32.29 - 35.06 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!

More info and screens

Weekly and Daily overview Charts
FRME Weekly chart
FRME Daily chart
Setup Rating and Analysis

8

Although the technical rating is only medium, FRME does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.68, a Stop Loss order could be placed below this zone.

More info and screens

Support and Resistance Analysis

28.49

38.33

We found 2 important support areas.

  • A support zone ranging from 32.47 to 34.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @28.78 from a trend line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 34.80 to 34.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @37.30 from a horizontal line in the weekly time frame.
  • Resistance @37.95 from a horizontal line in the daily time frame.

More info

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.46
Mansfield-0.01
10 Day High35.06
10 Day Low33.31
20 Day High35.06
20 Day Low32.29
52 Week High38.16
52 Week Low24.52
Performance
1 Week1.64%
2 Weeks1.82%
1 Month3.15%
3 Month2.82%
6 Month17%
12 Month31.8%
2 Year-15.72%
3 Year-25.14%
5 Year4.33%
10 Year74.85%
15 Year250.76%

More info

Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

More info

Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)56.89
LBB32.36
UBB35.47

More info

Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
34.8933.301.59 (4.56%)21.94%
An entry @34.89. This is a Buy Stop order right above the resistance zone.An exit @33.30. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.59 points, which is 4.56%.For a 1.00% total portfolio risk, you can invest 21.94% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

FRME Daily chart

FIRST MERCHANTS CORP

NASDAQ:FRME (5/3/2024, 7:00:00 PM)

After market: 34.69 0 (0%)

34.69

+0.3 (+0.87%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.87%
1 Week1.64%
2 Weeks1.82%
1 Month3.15%
3 Month2.82%
6 Month17%
12 Month31.8%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.94
ATR(20)%2.69%
ATR Inc
Range Today1.22
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High35.06
10 Day Low33.31
20 Day High35.06
20 Day Low32.29
52 Week High38.16
52 Week Low24.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume132.70K
Volume Incr-2.94%
Vol(5)222.16K
Vol(50)268.89K