FIRST MERCHANTS CORP (FRME) Technical Analysis
NASDAQ:FRME • US3208171096
Current stock price
39.82 USD
-0.66 (-1.63%)
At close:
39.82 USD
0 (0%)
After Hours:
FRME Technical Rating and Analysis
Taking everything into account, FRME scores 5 out of 10 in our technical rating. FRME has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- FRME is part of the Banks industry. There are 376 other stocks in this industry, of which 70% are performing better than FRME.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- In the last month FRME has a been trading in the 38.60 - 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 48% 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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
FRME Support and Resistance Analysis
35.13
42.98
We found 2 important support areas.
- A support zone ranging from 37.01 to 37.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.48 to 35.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.92 to 40.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 48.89 | 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) | 49.53 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FRME has a negative trend. |
| Stochastics (14,3) | 42.05 | NEUTRAL | The Stochastics value for FRME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 14.74 | NEGATIVE | The low ADX value for FRME suggests a weak or negative trend. |
FRME Chart- and CandleStick Pattern Analysis
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)
FRME Technicals: Chart, Performance Metrics, Trend & Indicators
39.82
-0.66 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.63%
1 Week-1.36%
2 Weeks-1.73%
1 Month2.81%
3 Month0.15%
6 Month12.23%
12 Month7.53%
2 Year19.15%
3 Year36.46%
5 Year-13.83%
10 Year55.24%
15 Year329.56%
Volatility
ATR(14)0.77
ATR(20)%2.08%
ATR Inc-17.99%
Range Today0.79
ADR(20)0.77
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.89
3 months CRS54.07
6 months CRS77.35
Mansfield-0.51
10 Day High41.72
10 Day Low39.1
20 Day High41.72
20 Day Low38.6
52 Week High43.22
52 Week Low34.66
CS1 End37.48
CR1 Start39.92
Volume & EV
DER(3)-0.78%
DER(5)-0.74%
Volume381.86K
Volume Incr13.18%
Vol(5)399.98K
Vol(50)425.71K
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 49.5261. 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.