FIRST MERCHANTS CORP (FRME) Stock Technical Analysis
NASDAQ:FRME - Nasdaq - US3208171096 - Common Stock - Currency: USD
Overall FRME gets a technical rating of 2 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
FRME is part of the Banks industry. There are 396 other stocks in this industry, of which 65% are performing better than FRME.
In the last month FRME has a been trading in the 36.45 - 39.77 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 64% 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 trading in the upper part of its 52 week range, so FRME is lagging the market slightly.
FRME has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.78
44.99
2 important support areas can be observed.
- Support @34.90 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 37.83 to 39.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 64.27 | 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) | UP | MIXED | The current price of FRME is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.52 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests FRME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.03 | NEUTRAL | The Stochastics value for FRME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 11.97 | 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)
37.75
+0.53 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.42%
1 Week-1.44%
2 Weeks-4.11%
1 Month2%
3 Month-8.62%
6 Month-12.33%
12 Month19.46%
2 Year33.72%
3 Year5.98%
5 Year36.92%
10 Year52.83%
15 Year345.17%
Volatility
ATR(14)0.94
ATR(20)%2.53%
ATR Inc-10.93%
Range Today0.95
ADR(20)0.91
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.27
Mansfield-0.64
10 Day High39.48
10 Day Low36.86
20 Day High39.77
20 Day Low36.45
52 Week High46.13
52 Week Low30.55
CS1 End34.9
CR1 Start37.83
Volume & EV
DER(3)-1.04%
DER(5)-1.59%
Volume324.30K
Volume Incr-8.75%
Vol(5)210.34K
Vol(50)275.37K