We assign a technical rating of 8 out of 10 to FRME. Although FRME is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- FRME is one of the lesser performing stocks in the Banks industry. 74% of 383 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- FRME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FRME is lagging the market slightly.
- In the last month FRME has a been trading in the 37.16 - 42.19 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When compared to the yearly performance of all other stocks, FRME outperforms 56% of them, which is more or less in line with the market.
- 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
35.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.19 to 39.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.37 to 36.34. 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 | UP | POSITIVE | The long term trend for FRME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRME is up. |
| ChartMill Relative Strength | 56.41 | 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) | 69.4 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests FRME has a positive trend. |
| Stochastics (14,3) | 88.44 | OVERBOUGHT | The high Stochastics value suggests FRME may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 24.01 | NEUTRAL | The ADX value for FRME suggests a possible start of a new trend. |
NASDAQ:FRME (2/6/2026, 3:42:09 PM)
42.27
+0.42 (+1%)
FIRST MERCHANTS CORP / FRME FAQ
Can you provide the ChartMill technical rating for FIRST MERCHANTS CORP?
ChartMill assigns a technical rating of 8 / 10 to FRME.
What is the trend direction for FRME stock?
The current trend direction for FIRST MERCHANTS CORP (FRME) is Bullish.
What is the RSI signal for FRME stock?
FIRST MERCHANTS CORP (FRME) has an RSI value of 69.395. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIRST MERCHANTS CORP?
The MACD indicator for FIRST MERCHANTS CORP (FRME) has a value of 0.373659, indicating a bearish trend.
What is the buy/sell signal for FRME stock?
The buy/sell signal for FIRST MERCHANTS CORP (FRME) is buy as both the short term and long term trends are positive.