FIRST MERCHANTS CORP (FRME) Technical Analysis
NASDAQ:FRME • US3208171096
Current stock price
FRME Technical Rating and Analysis
Taking everything into account, FRME scores 5 out of 10 in our technical rating. In the last year, FRME was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- FRME is part of the Banks industry. There are 376 other stocks in this industry, of which 71% are performing better than FRME.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month FRME has a been trading in the 38.21 - 41.72 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When compared to the yearly performance of all other stocks, FRME outperforms 50% of them, which is more or less in line with the market.
- FRME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRME is lagging the market.
FRME Weekly and Daily overview Charts
FRME Setup Rating and Analysis
Although the technical rating is only medium, FRME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.50. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
FRME Support and Resistance Analysis
34.63
2 important support areas can be observed.
- A support zone ranging from 37.00 to 37.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.98 to 35.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.50 to 42.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
FRME Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FRME is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRME is neutral. |
| ChartMill Relative Strength | 50.93 | NEUTRAL | FRME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FRME is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FRME is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FRME is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.64 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests FRME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.12 | NEUTRAL | The Stochastics value for FRME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 15.79 | NEGATIVE | The low ADX value for FRME suggests a weak or negative trend. |
FRME Chart- and CandleStick Pattern Analysis
FRME Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:FRME (4/29/2026, 10:01:34 AM)
40.15
-0.33 (-0.82%)
FIRST MERCHANTS CORP / FRME TA FAQ
Can you provide the ChartMill technical rating for FIRST MERCHANTS CORP?
ChartMill assigns a technical rating of 5 / 10 to FRME.
What is the trend direction for FRME stock?
The current trend direction for FIRST MERCHANTS CORP (FRME) is Bullish.
Can you provide the RSI signal for FIRST MERCHANTS CORP?
FIRST MERCHANTS CORP (FRME) has an RSI value of 55.6371. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST MERCHANTS CORP (FRME) stock?
The short term momentum for FIRST MERCHANTS CORP (FRME) is neutral.