FIRST MERCHANTS CORP (FRME)
US3208171096 - Common Stock
Taking everything into account, FRME scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRME is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FRME is one of the better performing stocks in the market, outperforming 87% of all stocks.
A new 52 week high is currently being made by FRME, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so FRME is leading the market.
In the last month FRME has a been trading in the 32.28 - 42.45 range, which is quite wide. It is currently trading near the high of this range.
FRME is an average performer in the Banks industry, it outperforms 68% of 407 stocks in the same industry.
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
29.37
41.76
We found 3 important support areas.
- A support zone ranging from 31.80 to 31.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.36 from a horizontal line in the daily time frame.
- Support @29.67 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.58
Mansfield1.25
10 Day High42.45
10 Day Low35.73
20 Day High42.45
20 Day Low32.28
52 Week High42.45
52 Week Low25.7
Performance
1 Week6.79%
2 Weeks16.84%
1 Month27.9%
3 Month21.15%
6 Month18.58%
12 Month30.57%
2 Year-0.43%
3 Year1.52%
5 Year4.92%
10 Year107.48%
15 Year422.76%
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)
Technical Indicators
MACD(12,26,9)0.49
RSI(14)74.96
LBB32.83
UBB43.01
FIRST MERCHANTS CORP
NASDAQ:FRME (7/26/2024, 7:00:00 PM)
After market: 41.35 0 (0%)41.35
+0.92 (+2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.28%
1 Week6.79%
2 Weeks16.84%
1 Month27.9%
3 Month21.15%
6 Month18.58%
12 Month30.57%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.76
ATR(20)%3.52%
ATR Inc
Range Today3.11
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High42.45
10 Day Low35.73
20 Day High42.45
20 Day Low32.28
52 Week High42.45
52 Week Low25.7
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume327.30K
Volume Incr24.39%
Vol(5)341.36K
Vol(50)257.75K