FIRST MERCHANTS CORP (FRME) Stock Technical Analysis
NASDAQ:FRME - Nasdaq - US3208171096 - Common Stock - Currency: USD
Taking everything into account, FRME scores 2 out of 10 in our technical rating. FRME has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
FRME is part of the Banks industry. There are 395 other stocks in this industry, of which 76% are performing better than FRME.
When compared to the yearly performance of all other stocks, FRME outperforms 47% 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.
In the last month FRME has a been trading in the 35.11 - 38.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
FRME has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
33.78
44.99
We found 3 important support areas.
- A support zone ranging from 36.45 to 37.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.19 from a trend line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 39.19 to 39.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 44.05 to 44.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for FRME is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRME is neutral. |
| ChartMill Relative Strength | 47.24 | NEUTRAL | FRME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FRME is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRME is above the rising 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) | 50.97 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FRME has a positive trend. |
| Stochastics (14,3) | 60.6 | NEUTRAL | The Stochastics value for FRME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 11.12 | 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)
NASDAQ:FRME (6/26/2025, 2:21:53 PM)
37.72
+0.59 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.59%
1 Week4.98%
2 Weeks-1.69%
1 Month-3.05%
3 Month-8.07%
6 Month-7.75%
12 Month11.54%
2 Year31.53%
3 Year4.24%
5 Year34.68%
10 Year50.32%
15 Year337.85%
Volatility
ATR(14)1.02
ATR(20)%2.77%
ATR Inc97.97%
Range Today0.38
ADR(20)0.99
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.24
Mansfield-0.97
10 Day High38.04
10 Day Low35.11
20 Day High38.66
20 Day Low35.11
52 Week High46.13
52 Week Low32.28
CS1 End37.02
CR1 Start37.27
Volume & EV
DER(3)-0.53%
DER(5)-0.23%
Volume67.49K
Volume Incr78.6%
Vol(5)429.04K
Vol(50)272.29K