FIRST MERCHANTS CORP (FRME) Stock Technical Analysis
USA - NASDAQ:FRME - US3208171096 - Common Stock
35.32 USD
-1.68 (-4.54%)
35.32 USD
0 (0%)
We assign a technical rating of 0 out of 10 to FRME. FRME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, FRME is a bad performer in the overall market: 81% of all stocks are doing better.
FRME is part of the Banks industry. There are 391 other stocks in this industry, of which 78% are performing better than FRME.
FRME is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FRME has a been trading in the 35.08 - 40.91 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
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
34.97
41.67
We can see 2 important resistance areas.
- A resistance zone ranging from 37.97 to 38.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.31 to 41.26. 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 | DOWN | NEGATIVE | The long term trend for FRME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRME is down. |
| ChartMill Relative Strength | 19.73 | NEGATIVE | FRME has a low relative strength, it was outperformed by 80.27% off all stocks 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) | 32.16 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests FRME has a negative trend. |
| Stochastics (14,3) | 27.3 | NEUTRAL | The Stochastics value for FRME is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 19.14 | 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)
35.32
-1.68 (-4.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-4.54%
1 Week-5.31%
2 Weeks-5.79%
1 Month-13.77%
3 Month-13.03%
6 Month-0.59%
12 Month-9.04%
2 Year29.33%
3 Year-21.34%
5 Year35.27%
10 Year34.66%
15 Year324.52%
Volatility
ATR(14)1.11
ATR(20)%3.06%
ATR Inc62.64%
Range Today1.77
ADR(20)1.06
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.73
Mansfield-1.9
10 Day High39.05
10 Day Low35.08
20 Day High40.91
20 Day Low35.08
52 Week High46.13
52 Week Low33.13
CS1 EndN/A
CR1 Start37.97
Volume & EV
DER(3)-1.62%
DER(5)-1.77%
Volume466.40K
Volume Incr21.31%
Vol(5)492.28K
Vol(50)314.52K