FIRST MERCHANTS CORP (FRME) Stock Technical Analysis
NASDAQ:FRME - Nasdaq - US3208171096 - Common Stock - Currency: USD
Taking everything into account, FRME scores 0 out of 10 in our technical rating. FRME scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, FRME is a bad performer in the overall market: 64% of all stocks are doing better.
FRME is part of the Banks industry. There are 392 other stocks in this industry, of which 64% are performing better than FRME.
In the last month FRME has a been trading in the 36.80 - 41.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
FRME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FRME is lagging the market slightly.
The technical rating of FRME is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
33.78
44.99
When analyzing the support we can see 3 important areas.
- Support @37.01 from a trend line in the weekly time frame.
- A support zone ranging from 35.67 to 36.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.12 to 34.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 39.68 to 41.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.54 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for FRME is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRME is down. |
| ChartMill Relative Strength | 36.64 | NEUTRAL | FRME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.65 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests FRME has a negative trend. |
| Stochastics (14,3) | 4.74 | OVERSOLD | The low Stochastics value suggests FRME may be oversold. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | NEGATIVE | The low ADX value for FRME suggests a weak or negative trend. |
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)
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)
37.11
-1.01 (-2.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.65%
1 Week-6.76%
2 Weeks-8.62%
1 Month-8.91%
3 Month0.22%
6 Month-16.49%
12 Month-0.67%
2 Year24.36%
3 Year-6.81%
5 Year45.07%
10 Year42.62%
15 Year380.08%
Volatility
ATR(14)1.1
ATR(20)%3.35%
ATR Inc-10.45%
Range Today1.09
ADR(20)1.22
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.64
Mansfield-1.14
10 Day High41.76
10 Day Low36.81
20 Day High41.83
20 Day Low36.81
52 Week High46.13
52 Week Low33.13
CS1 End37.01
CR1 Start39.68
Volume & EV
DER(3)-1.62%
DER(5)-1.95%
Volume240.00K
Volume Incr-36.39%
Vol(5)258.38K
Vol(50)327.51K