FIRST MERCHANTS CORP (FRME) Technical Analysis
NASDAQ:FRME • US3208171096
Current stock price
39.43 USD
+0.1 (+0.25%)
At close:
39.43 USD
0 (0%)
After Hours:
FRME Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to FRME. FRME has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- FRME is part of the Banks industry. There are 380 other stocks in this industry, of which 70% are performing better than FRME.
- 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.
- In the last month FRME has a been trading in the 35.71 - 39.63 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, FRME outperforms 53% 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 Weekly and Daily overview Charts
FRME Setup Rating and Analysis
FRME has an average technical rating and the quality of the presented setup is also not ideal 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
FRME Support and Resistance Analysis
35.13
42.98
We found 2 important support areas.
- A support zone ranging from 36.84 to 37.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.48 to 35.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.73 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 | 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 | 53.58 | NEUTRAL | FRME is not amongst the best or worst performers 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) | 60.15 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests FRME has a positive trend. |
| Stochastics (14,3) | 92.32 | OVERBOUGHT | The high Stochastics value suggests FRME may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 17.67 | 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
39.43
+0.1 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.25%
1 Week3.03%
2 Weeks7.73%
1 Month2.28%
3 Month5.15%
6 Month3.82%
12 Month10.6%
2 Year17.98%
3 Year35.13%
5 Year-14.67%
10 Year53.72%
15 Year325.35%
Volatility
ATR(14)0.91
ATR(20)%2.68%
ATR Inc7.5%
Range Today0.94
ADR(20)0.94
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.58
3 months CRS78.17
6 months CRS71.9
Mansfield0.1
10 Day High39.63
10 Day Low36.13
20 Day High39.63
20 Day Low35.71
52 Week High43.22
52 Week Low33.13
CS1 End37.53
CR1 Start41.73
Volume & EV
DER(3)1.04%
DER(5)0.34%
Volume423.80K
Volume Incr-21.58%
Vol(5)378.76K
Vol(50)452.11K
FIRST MERCHANTS CORP / FRME TA FAQ
Can you provide the ChartMill technical rating for FIRST MERCHANTS CORP?
ChartMill assigns a technical rating of 6 / 10 to FRME.
What is the trend direction for FRME stock?
The current trend direction for FIRST MERCHANTS CORP (FRME) is Bearish.
Can you provide the RSI signal for FIRST MERCHANTS CORP?
FIRST MERCHANTS CORP (FRME) has an RSI value of 60.1482. 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 positive.