FIRST MERCHANTS CORP (FRME) Stock Technical Analysis
NASDAQ:FRME - Nasdaq - US3208171096 - Common Stock - Currency: USD
Taking everything into account, FRME scores 7 out of 10 in our technical rating. Although FRME has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
FRME is one of the lesser performing stocks in the Banks industry. 62% of 395 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, FRME did better than 72% of all other stocks.
In the last month FRME has a been trading in the 35.11 - 41.09 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FRME has an excellent technical rating, it does not present a decent entry opportunity 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
34.94
45.71
2 important support areas can be observed.
- A support zone ranging from 37.44 to 38.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.29 to 35.92. 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 44.54 to 45.26. 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 | NEUTRAL | NEUTRAL | The long term trend for FRME is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRME is up. |
| ChartMill Relative Strength | 72.11 | POSITIVE | FRME has a high relative strength, it outperformed 72.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRME is above the rising 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) | UP | POSITIVE | The current price of FRME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.15 | OVERBOUGHT | The high RSI value suggests FRME may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests FRME has a positive trend. |
| Stochastics (14,3) | 93.94 | OVERBOUGHT | The high Stochastics value suggests FRME may be overbought. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 14.94 | 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)
40.74
+0.41 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.02%
1 Week7.13%
2 Weeks14.05%
1 Month10.65%
3 Month14.28%
6 Month3.11%
12 Month25.82%
2 Year26.84%
3 Year-1.9%
5 Year66.76%
10 Year56.51%
15 Year369.36%
Volatility
ATR(14)1.35
ATR(20)%2.85%
ATR Inc66.23%
Range Today2.98
ADR(20)1.13
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.11
Mansfield-0.4
10 Day High41.09
10 Day Low35.28
20 Day High41.09
20 Day Low35.11
52 Week High46.13
52 Week Low32.28
CS1 End37.63
CR1 Start39.19
Volume & EV
DER(3)2.38%
DER(5)1.3%
Volume142.20K
Volume Incr64.56%
Vol(5)481.54K
Vol(50)289.78K